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131: 4 Units At 20 Years Old & Ditching Med School for Multifamily

131: 4 Units At 20 Years Old & Ditching Med School for Multifamily

FromReal Estate Rookie


131: 4 Units At 20 Years Old & Ditching Med School for Multifamily

FromReal Estate Rookie

ratings:
Length:
63 minutes
Released:
Nov 17, 2021
Format:
Podcast episode

Description

The more “traditional path” encourages a lot of waiting: waiting to get into the right school, waiting to get the right degree, the right internship, and the right job, but what about the right now? As every current and aspiring entrepreneur knows, time is money so capitalizing on the right now is essential. How do you do that? Real estate investing!Today’s guest, Rachel Morrow, knew the importance of capitalizing on the right now. At merely 20 years old she was on her way to med school when she realized she wanted to start building wealth. During her warehouse shifts, she began listening to real estate podcasts and recognized real estate was not only something she wanted to do but something she could do. This led to a big transition period in her life from the path she had always known to the path less traveled, but once she made that mindset shift, that was it.The change didn’t happen instantaneously. She had to completely start anew and work towards her goals which at one point meant working 60 hours a week for a year to get pre-approved for a loan. Her drive and persistence allowed her to close on 4 units with hopes of closing on more single-family homes in the future. We touch on topics like creating value, breaking from the “traditional” path, self-managing a house hack, finding a mentor, and being a young investor.In This Episode We CoverBreaking from the “traditional” path and finding what best suits youBuilding wealth without prior experience in real estateHow to successfully self-manage a house hack Using your youth as an advantage when investing in real estateGetting pre-approved for a loan without high income or long work experienceHow to find the right mentor (especially as a newbie)And So Much More!Links from the ShowReal Estate Rookie Youtube ChannelAshley's InstagramTony's InstagramReal Estate Rookie FaceBook GroupSteve Rozenberg EventsThe Real Estate GuysReal Estate Rookie PodcastGraham Stephan's Youtube ChannelMLSZillowBrandon TurnerRentrediRookie Podcast 102: $10M Profit On Her First Deal?! It’s Possible with Campground InvestingApartmentsBiggerPockets ForumsCheck the full show notes here: https://www.biggerpockets.com/rookie131See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Nov 17, 2021
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.