Going From Scratch to Cash with Dwan Bent-Twyford

 

In this episode of Mortgage Lending Mastery, join Jen and her guest Dwan Bent-Twyford. Listen along as Dwan shares how she became America’s Most Sought-After Real Estate Investor, starting from nothing.

Listen to the podcast here:

Going From Scratch to Cash with Dawn Bent-Twyford

Hey everybody. Welcome back to this episode. I am so excited. I’ll tell you what, we have the today’s guest, . We’ve been talking in the green room and we probably should have been recording all the goofy things that we were talking about because we have so much in common. Um, gosh, I’m just. So excited to have you here today with us.

So let me introduce you, Uh, Dwan Bent- Twyford is known as America’s most sought after real estate investor. And her short bio, and I, I could read her bio but you all can read it in the notes, but she has really, her story is going from Denny’s to diamonds and doing that with real estate. And I know that there’s a multitude of stories behind all of that.

Um, she’s also. A podcast host and her, her podcast, and I just lost. So, why don’t you say what it is?

 

It’s called The Most Dwanderful Real Estate Podcast Ever.

 

There we go. And we’ll have a link for that. I lost that piece of paper. I don’t know what happened to it. Uh, The Most Dwanderful, and I love that, that you have this, this lighthearted, you know, living life.

I know you and your husband work together, which is really great. My husband and I do too. And, and I, I just think that that dynamic is really, really exciting. So I wanna welcome you to the show. We’re gonna be talking about a lot of different things.

 

I know. I’m excited to be on. Finally, we got together, so thank you. And, I’m, I’m in Ohio visiting my dad, so folks, I’m in my childhood bedroom.

 

Which is so, which is so apropo because as soon as you, I said, Oh, that’s good cuz we’re gonna talk about your childhood , Right?

 

Westbound, Ohio. I am in westbound, Ohio in my childhood bedroom.

 

Yeah. Yeah, it’s perfect for that. So, so I know that you’re known also as the Queen of short sales, and so I imagine, you know, in 2008 to maybe 2012, maybe even a little bit beyond that, you were quite busy.

But let’s, let’s just sit back in time. Let’s step back in time and, and take us through, you know, how did you get into this? What, you know, did someone come up to you one day and say you should own some property, or did you have a family member who inspired you because as we know, your story is that you were working at Denny’s. So tell us your story.

 

I used to work at Denny’s on third shift, so I worked by 10 at night till six in the morning, and I literally got fired at like 3 45 in the morning one night. And I was just, I just remember walking, looking back at that big yellow sign and. Like who gets fired from Denny’s and how bad you have to be to get fired from Denny’s.

Right? And um, Long and short of it, I ended up, uh, getting married and now I had a baby and I’m 30 years old and my baby is eight months old and her dad and I kind of unexpectedly split up, so he took off with the money and the car and I lost my house in foreclosure, like it was a disaster. And so now I have this eight month old baby.

I have literally no job skills. Like I was fired from Denny’s. I have no job skills, and I, and I just thought, you know, I waited until I was 30 to have kids cuz I wanted to be that mom that stays at home and does the Girl Scouts and you know, the field trip mother. And like, I want to be that person. And so now I’m like, my dreams are smashed.

I don’t know. I’m thinking I’m gonna have to put my daughter in daycare, I’m gonna have to get a job. And I thought, you know what, I’m just gonna put her on my big girl pants and I’m gonna figure out a way where I can work for myself and work from home and not just drop her off at daycare and like everybody else did.

And, and again, if anyone’s listening, nothing against daycare. But I waited till I was older so I could be that mom and not, you know, have to struggle with things. So now, Um, so, so she’s born in 88, so this is like 1990, right? So the only way, and , Jen, you may know this, but some of your listeners do not.

Um, we had to actually find jobs in the classified section of the newspaper.

 

Oh, yeah, yeah. Circling it, calling,

 

Circling calling and making appointments. So I went on a bunch of job interviews and, um, anyway, as luck would have it, I met some people and they said, Oh, we’re real estate investors. And I, and now I, I’m honestly, I know nothing.

I go, What does that mean? I said, Well, we buy houses and then we fix ’em up, and then we sell. So my mind being really naive and having no world experience, it’s like, okay, they buy houses and they decorate and they sell them. And , I’m a good decorator. I have excellent taste. How hard could that be? I’m gonna decorate.

 

I like fashion, right?

 

My thought was like, well, how hard could that be to fix up a house? I love, I love decorate. I like to dress nice. I. I can do that. That doesn’t sound, That sounds like a fun job. So I, I asked these guys, how do you find them? A house? Like I literally, how do you get this? How do you get that?

And I would drive to the courthouse in West Palm Beach, Florida. I would hand write all the foreclosures. Use that map book. We didn’t have gps. Yes, I know we have map book and I would go door knocking with like a baby on my hip, knocking on doors. And I found a house with this lady, Barbara was my first deal, and I agreed to, uh, if she’d move out, I’d move in.

We’d split the profit, I’d fix it up. Decorate and not the same thing I had to go to classes?

 

Where was this that you started doing this?

 

In, In Florida. Boyton Beach. In Florida? Yeah. Yep. In Boyton Beach, Florida. That’s where I live. And I went there after high school. So I’ve been in Florida since high school and, um, fixed up this house and we split the profit and I made $22,000 on my first deal.

 

Wow. Back then.

 

Yeah. And so, you know, back then I was like, Oh my God, I have $22,000. Like, I’m so rich right now. Like I’m the richest person. I know that $22,000. But you know, it was, I mean that’s a lot of money today, but it was like life changing 30 years ago .

 

Well, you know, you know how life changing that is.

To give you some perspective too, cuz my son was born in 86. And, um, my husband and I were married in 83 and I had gotten a job, my first job in the mortgage business, and it was, and I was a, um, well I studied in college and everything, but I didn’t get my job, real job and stuff. So I went to, I worked at a tanning salon until I could find what I wanted because I, I couldn’t find anything.

And way back then, those tanning salons were horrible. But I was, I thought I had arrived. My job. Oh yeah. My, my first job in the mortgage business was not hourly. It was a salary. Ha ha ha. And it was a whopping $749 a month. So, Wow. You look at how much that is on an annualized basis, 22,000 is a lot of money. That’s two years of work for someone in that timeframe.

 

I know it was, I was, Am I at, Like I said, I’m in my childhood bedroom, so I’m in Dayton, Ohio, and my dad, they, he worked for the power company and he remarried, and my stepmom worked at General Motors, so they were working factory jobs and working for the power company like the whole year and didn’t make that much money.

And I was just like, Oh my gosh, I’m gonna do it again. So I, I, so at this point I have no money, so I move into another foreclosure, I’m gonna fix it up, and I sell it.. So I’m moving aler arounds on school yet, and I made $50,000 on my second deal and I lost my mind . I was like, Oh my God, I’m so rich. And that was it.

I was like, I’m not ever doing anything again. I just made $72,000 within these two deals and that was it. I like lost my mind over that. And you know, I’ve been doing deals for over 30 year. My daughter’s 33 now, so I’ve been doing deals all these years and I’ve done over 2000 personal deals.

 

About Dwan Bent-Tywford

Dwan Bent-Twyford, America’s Most Sought-After Real Estate Investor™, started as a broke, single mom who had been fired from Denny’s. She has personally flipped over 2,00 properties and taught thousands of people how to become financially free.

Dwan is affectionately known as the “Queen of Short Sales”® and is considered to be the Nation’s #1 Expert on Short Sales & Foreclosures. She has written three best sellers, “Short Sale Pre-Foreclosure Investing” & “How to Sell a House When It’s Worth Less Than the Mortgage”, her most recent New York Times best seller was written with Steve Forbes…SuccessOnomics.

She is highly sought after and has been featured on Fox and Friends, MSNBC, Naomi’s Good Morning, Colorado and Company, and many other TV, radio, podcasts, and print medias.

Dwan also has a top-rated podcast called…The Most Dwanderful Real Estate Podcast Ever!

Currently, Dwan and her husband are rehabbing a TOWN! It’s her craziest project to date!

In a business dominated by men, Dwan has certainly made her mark!
Her motto never changes – People Before Profits!

Connect with Dwan

Podcast: The Most Dwanderful Real Estate Podcast Ever

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