I trust you’ve been following this series of how I got started in real estate investing and have listened to the 4 previous episodes. They all lead up to this final episode. I started this series because I was thinking about all those who helped me along the way. I can’t name them all, but I’m here today because of them.
I concluded Part 4 by talking about how I was drowning in debt, and how, at the time of the crash, I owned houses that I owed money on. I couldn’t keep good tenants in them—many failed to pay their rent, then trashed the properties.
Then, I learned about lease options. Lease options meant I could bypass ownership. The more I learned about lease options, the more I liked them. I then wondered if I could wholesale them. The concept fascinated me. This led me to ask more questions and seek more counsel in order to do them right.
Soon I had other people doing all the work, and the money started rolling in. In one 3-month period, I made more from investing part time, than I made with my full-time job. It was time to quit. That was yet another landmark day.
Soon, I had so many people asking me about my system, I started the podcast and my coaching program.
I encourage you to keep a journal of your journey so you’ll have a story to tell. You’ll always want to remember how you got started and how far you’ve come.
Listen and Enjoy:
- The pain of owning houses; being a landlord
- Discovering lease options and how to flip them
- Outsourcing tasks
- Doing virtual deals right in my own hometown
- Learning from others; you can’t do this alone