Description

Ep 26 - You don’t have to have a lot of money to get started in real estate. Our guest, Don Spafford, proved that you can hustle your way to financial success, and serve other people along the way.   In this episode, Don looks back on how his personal struggles fueled his desire to be in a better financial position in order to help others improve their lives. He considers this as his mission, but he also has words of advice on finding the balance between helping and enabling.   Don Spafford has an educational and professional background in Finance and Securities Investing. His wife is from Paraguay and together they enjoy the opportunities they have to travel back to visit family there and to help the communities in South America. When his wife became a realtor around 2010, it motivated him to want to learn how to invest in Real Estate. The family moved from Nebraska to Idaho in 2015, and it was there in Idaho where they got started. He bought his first property, a four-plex, in 2017, then two more 18 months later. He began moving into commercial real estate including ground-up development projects and eventually landed with Happy Camper Capital, providing syndication opportunities in RV campgrounds. He enjoys spending as much time as he can with his family to create lasting memories. His hobbies include coin and bank-note collecting, traveling, and when he can, he likes to watch movies at home. Don has very high moral and religious standards and will not bend his beliefs for anything. His word is his bond.   ________________________________ FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks  ________________________________

[00:01 - 17:28] Who is Don Spafford? 

• There’s more than just education
• • Don talks about struggling to find a job and eventually looking for other ways to improve their cash flow
• How he and his wife were able to start investing even without being in a strong financial position
• • Leveraging his 401k
  • Finding a local lender with a good downpayment option for investing
• He lessened the hassle of self-managing by putting up systems for payment

  [17:29 - 23:37] Uplifting Others through Real Estate

• Don shares his passion for helping other people
• • His mission in Argentina showed him true poverty and wanting to be a driver of change
  • Real estate has enabled him to be in a position to give back, especially to his family
• He started a personal finance blog geared towards teenagers and young adults

[23:38 - 29:52] Don’t Feel Bad for Saying No

• Setting up boundaries in helping people is important, even if it’s hard
• • Judge it based on the situation and what their actual needs are
• If helping becomes too much of a habit, you’re debilitating others and making them not use their own brains and resources to solve their problems.

  [29:53 - 30:38] Closing Segment 

• Watch out for part 2 of our conversation with Don!

Key Quotes    “I'd say we've been definitely blessed with more financial security or income through real estate investing. That has put us in a different position where we can do more to help people.” - Don Spafford   “We're not just going to give them anything they ask for unless it's an actual need.” - Don Spafford

“You got to put some limits on there and control it to before it gets out of hand 'cause once you start getting that habit, then they're going to expect it all the time.” - Don Spafford


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