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$3 to $3M with a Side Gig Part 2
This video is the finale of how I found myself in a massive financial hole and was told I was losing my job, but was able to pivot and create my own financial independence through real estate.
If you missed part 1 of "$3 to $3 Million with a Side Gig Part 1" check it out here: https://youtu.be/vl8Hwr59ObA
Part 2 picks up right where Part 1 left off, where I was just knocked right back into a deep financial hole after being told I was losing my job as a Marine Corps pilot. I had to make a decision and I had to make it FAST!!!
The meat and potatoes of this video follows the initial steps I took to break into the real estate investing world using the Buy, Rehab, Rent, Refinance, Repeat (BRRRR) method. If you want to learn more about the BRRRR method, check out this video I did on the topic:
https://youtu.be/QbM2YbCrwtM
This is my real world application of how I used the BRRRR process on my 1st real estate deal with ZERO money down!
After I got my feet wet, I started branching out into commercial real estate opportunities like mobile home parks, apartment complexes, office spaces, and self-storage facilities. I explain how I made the transition from my first single rental unit all the way into an additional 300 units in a very short amount of time. Most importantly, I will tell you how to do it to!
Eventually, we all run out of money so we have to go find other sources of funds from other people, like banks and private lenders, or we have to find another revenue stream to fund our own deals. I hit this same "cash wall" and decided to start flipping houses. I wasn't sure how to go about doing that, so I partnered with a master flipper instead. I brought value to his (now "our") company, and learned the trade along the way. This has allowed both of us to add an additional $1 Million a year in revenue AND another $1 Million (and growing) to our asset column!!!
My partner in the flipping business, Tyler Austin, is a true entrepreneur. He took what he learned in the Air Force cyber warfare sector and applied it to his software company, REI Sift. I discuss Tyler's company briefly in the video, but you can check him and his company out here:
https://www.youtube.com/c/reisift
https://www.reisift.io/
https://www.youtube.com/channel/UCbFClIUqiRUsjUF27dDpzpw
Ok, that's enough reading, guys! Grab some coffee or whiskey, depending on the time of day, and let's wrap this series up so we can all get one step closer to achieving true financial independence.
Here's to your WEALTH!!!
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