172 | The No Money Millionaire: How David Webb Buys Real Estate Without His Own Cash

Episode Summary

In this episode of Million Dollar Flip Flops, Rodric sits down with David Webb, better known as “The No Money Millionaire.”

David grew up in inner-city Detroit with a single mom on welfare, surrounded by people who believed you trade hours for dollars, hope for overtime, and pray it’s enough. No one talked about cash flow. No one modeled passive income.

Today, David buys real estate without using a dime of his own money and helps others break the mindset that says:

“I can’t do that. I don’t have the money. I don’t have the credit.”

He shares how he stumbled into his first two no-money deals, stayed stuck in old beliefs for a decade, and how one apartment building he refused to walk away from in 2020 changed everything.

If you’ve ever said, “That doesn’t work for people like me,” this episode is exactly the interruption you need.

🔑 In This Episode, You’ll Learn

•. How David went from inner-city Detroit & welfare to “The No Money Millionaire”

•. Why “I don’t have money/credit” is usually a mindset problem, not a money problem

•. The story of the apartment building in 2020 that forced him to figure out creative, no-money financing

•. Why going to the bank can be the worst way to fund your deals

•. How he helped a tenant go from “I’ll never own a home” to closing on a triplex with no money out of pocket

•. The Midwest hourly-wage mindset (Big Three culture, overtime, and car-payment math)

•. Why all-commission sales is often the bridge from employee → entrepreneur

• How thoughts, energy, and belief shape what you create in your life and business

•. The old-school book that changed his money mindset: The Science of Getting Rich by Wallace Wattles

•. David’s definition of success & why surrounding yourself with like-minded people matters

🕒Highlights & Timestamps

[00:00] – Early real estate & the 2020 turning point

Buying property since the mid-90s, making mistakes, reading books that all felt like “French”… until one apartment building he had to own forced him to figure out no-money financing.

[01:00] – Welcome to Million Dollar Flip Flops

Rodric sets the stage for business owners who want more freedom and time.

[01:30] – Who is David Webb?

David introduces himself as The No Money Millionaire, buying property without his own money and helping others fix their mindset.

[02:30] – Growing up in Detroit

Inner-city Detroit, single mom, public schools, welfare. No one owned homes, let alone talked about passive income.

[03:30] – Two no-money deals… and still stuck

Even after two deals with no money down, David kept chasing down payments, perfect credit, and tax returns because that’s all he’d ever been told.

[04:30] – The apartment building he refused to let go

2020: wanting one particular property so badly that he had to figure out creative financing. Once he solved that, the floodgates opened.

[05:30] – Rodric’s story: raising private money on a deadline

Rodric shares how a banker pulled out last minute, and he funded a deal with a simple promissory note and his network instead.

[06:30] – How to know if you need David’s help

If you’re still saying “this is BS” or “that doesn’t work for people like me,” you probably need a mindset reset. David tells the story of a tenant who believed he’d never own… and now owns a triplex with no money out of pocket.

[08:00] – The Big Three & the hourly mindset

Overtime, raises, and how many hours it takes to make a car payment. Why that mentality keeps people stuck for decades.

[09:30] – The ceiling of $40/hour

Massage therapy at $40/hr sounds great—until you realize you’re capped in income and wrecking your body.

[11:00] – All-commission sales & powerful...