Name: Roughneck To Real Estate Investor The Road To Financial Freedom
Uploaded: 2022-10-29T14:12:33+00:00
Duration: 1 h 16 min 37 s
Description: Corey Thompson got laid off from work in 2015. Living in an RV with this two-year-old daughter, he did what only a man like him would do. He refused to dwell on his problems and took matters into his

1 year ago

Corey Thompson got laid off from work in 2015. Living in an RV with this two-year-old daughter, he did what only a man like him would do. He refused to dwell on his problems and took matters into his own hands.

Without any formal education, who’d know that grabbing a real estate opportunity would kickstart his career?

In the interview, he shares his early real estate beginnings, from stealing internet from a laundry shop to sending handwritten letters. Now the proud owner of Roughneck 2 Real Estate, Corey now owns 200+ houses among other business ventures that allowed him to achieve financial freedom.

Don’t Forget To Reach Out To Corey Thompson:

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Facebook: https://www.facebook.com/roughneck2realestate/
Instagram: https://www.instagram.com/roughneck2realestate/
Twitter: https://twitter.com/roughneck2real
YouTube: https://www.youtube.com/c/Roughneck2RealEstate
Website: https://roughneck2realestate.com/

Quotes -

“I don’t really have that kind of mindset. I don’t really think about those kinds of things. We lost 20 grand on a flip very early on. [...] Any hard lesson that I learn is the one that sticks.”

“There were no obstacles. It wasn’t hard to find or buy real estate. It was everywhere–Craigslist was there; you got Facebook marketplace. So [it’s] very easy to get ahold of real estate back then. The money was a bit more of a challenge, I guess. But now, money’s not the issue. It’s the inventory.”

“You go broke–you figure out the next step. We figured out how to borrow money.”

“I’m gonna do whatever makes money whatever market I’m in.”

“We’re all about you guys and trying to provide value to the audience.”

“Our other big thing is about creating freedom and purpose for people. So essentially–what’s the fastest way of taking the income you’re making, whether it’s real estate or not, and creating passive income that allows you to do whatever you want for the rest of your life.”

“Helping people is one of the most fulfilling things in the world–number one. And number two, meeting awesome people like you. This is a totally awesome way to network. And I’m learning a lot from people who’ve done exactly what I want to do.”

“Tenacity, right? It’s stuff that’s missing in this generation. When you’re pursuing something bigger, eventually they’re gonna be like, “Dang. These guys really earned it.”

Concepts -

Regardless of the situation, moving forward and not dwelling too much on the incident helps you to learn and overcome what happened.
Knowledge of the processes in real estate is more crucial than having enough capital.
Making more money and living a better life is a valid motivation no one should be ashamed of.
In your business, your ultimate goal should be to help everyone you work with achieve financial freedom.
When things fall into place for you, don’t take the opportunity for granted. Use it to fuel your success.
When you know how to find new opportunities, you are able to overcome a struggle faced by many in real estate.
Figuring out a business model that works for you is important if you want to have success in your industry.

Time Stamps -

0:00 Introduction
0:35 Losing 20k on a flip and other insane real estate horror stories
3:20 Building Roughneck 2 Real Estate
5:08 2015 portfolio–buying 3 houses in cash
9:06 Were you always this aggressive?
11:00 Expanding your investment for other people
11:50 Using trading and cash
14:00 Structuring his process through discipline
14:50 Having a 10K capital on day one
16:19 Running out of money and other challenges
18:00 Borrowing money and buying more properties
20:00 Transacting with banks and refinancing
22:00 Using COVID for financial gains
25:00 Transitioning to seller financing
28:00 Doing high-volume flips
29:40 RAP Laws in Texas
32:00 Staying compliant with your transactions
37:20 Using the pregnant emoji
39:00 “Burn the house down!”
39:40 How jokes present on the Internet vs IRL
41:20 Content creation at a Rangers game
43:00 “Thank God he’s on heroin and not meth!”
44:40 What is The Freedom Chasers Podcast all about?
46:00 Tim’s a busy flipper
47:47 Tracking a guy from California
51:00 Missing out on a $12M deal
52:30 Developing a can-do mindset
54:00 Planning to build a storage unit
57:20 “I’m not going to give up” mentality
1:00:00 Playing the long-term game in real estate
1:01:40 Goal for the next 12 to 18 months
1:04:41 About inflation and market crises
1:08:00 Hiring people to do work
1:11:00 Connect with Corey Thompson
1:13:30 Hard money lending