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  • REI In Your Car 189: How I Got Started In Real Estate Investing – Part 5

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:

What’s inside:

  • 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

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