So here’s some more about me:
I got into real estate back in 2001. I knew there was income potential in the industry, so I became a real estate agent.
Many of the houses I sold were purchased by families, but some I sold to investors.
With each sale, I’d get my commission. I had no complaints about that part, but after a while I couldn’t help noticing that I wasn’t the one getting rich. It became clear to me that the bigger opportunity was on the other side of the desk.
I started with the obvious: a Google search for “how to become a real estate investor.” One of the search results was an advertisement for a “real estate investing college.”
I had no idea such a thing even existed. The tuition was pretty steep: $22,000. Even though I was earning a good income as a real estate agent, that felt like a lot of money.
I read through the brochure over and over again. It was smudged, crinkled, and dog-eared by the time I was done with it. I called the telephone reps daily for two weeks, pestering them with questions. I talked to friends and family—most of whom thought I had lost my mind.
Then I signed up.
It was a great experience, and I learned a lot. Even if I hadn’t, the ROI would have been worth it, since one of my classmates ended up becoming my wife.
At one point, an instructor said something that rang through my head like a bell.
“You can make big bucks by modifying mortgages and flipping properties without ever owning them.”
Since I had spent most of my savings on this college, this stuck with me.
I don’t need money to do this! I thought. Or credit.
All I had to do was work the bank for the seller, then find a buyer, and… click! Like flipping on a light switch.
This was years ago, mind you, before banks started to frown on the practice and placed all kinds of hurdles in the way.
And you know what?
I made a fair amount of money, but it took way too long.
Then, more or less by accident, I stumbled onto something that lit a spark inside my brain: some old videos about creative offers and financing.
I watched them, and something clicked.
I bought book after book on creative real estate investing. I read, I learned, and I worked my ass off.
I was mailing letters, sticking ugly yellow signs in the ground, and attending every networking event I could get access to.
After a few years of hit-and-miss experimentation, I started to see results.
I doubled down, worked even harder, and focused on one thing: creating enough monthly passive income to exceed my monthly expenses. When I finally did reach that point, I knew I had achieved something most people only dreamed of.
I had escaped the proverbial rat race.
When others saw my success, I was happy to share my strategy and my tactics.