Episode #1,031
Invest in Turnkey Rentals with Rent to Retirement:
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Episode Show Notes: https://link.chtbl.com/BPRE
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Want to invest in real estate but feel like you don’t have everything it takes? You know you need money for a down payment, skills to manage tenants/perform renovations, and time to find the deals in the first place. But what if you only have one of these? Can you still invest in real estate even without the missing pieces? Today, we’re going to show you how to do just that, no matter how much time, money, or real estate experience you’ve got.
We’re walking through three scenarios with three different investors: Dave Meyer (who had no money/experience), Devon Kennard (who had money but no time/experience), and Tyler Madden (who had skills but limited time/money). Each of these investors was able to build a successful real estate portfolio, all while either being time-stretched, money-stretched, or not knowing how to swing a hammer. They’re sharing the secrets to hiring out/building the other skills so you CAN take down real estate deals, no matter what you’re working with.
If you can combine all the pieces of this “resource triangle,” you have FAR higher chances of succeeding in real estate investing and reaching financial freedom. If you’re a rookie with no real estate to your name, worry not—we’re teaching you what you need to know in today’s episode.
00:00 Intro
04:54 Got Skills, But No Time/Money?
11:51 Got Money, But No Time/Skills?
18:24 Got Time, But No Money/Skills?
20:23 Getting Your First Deal Done
39:51 Building Valuable Skills
37:18 Most Crucial (and Overrated) Skills