01/27/2025 12:52pm

Why This Investor Chose Rentals Over Stocks (3 Properties in 2 Years!)

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Zhiwei Wang, a tech professional turned remote real estate investor, who just closed on his second out-of-state rental. Learn how Zhiwei started with a townhouse in Bellevue, WA, and scaled...

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In this episode

From Tech Professional to Remote Real Estate Investor: Zhiwei Wang’s Journey

Meet Zhiwei Wang, a tech professional turned remote real estate investor, who just closed on his second out-of-state rental. Learn how Zhiwei started with a townhouse in Bellevue, WA, and scaled his portfolio across the country—all while working full-time and raising a young family.

In this episode, Zhiwei shares his strategies for:

  • 🏠 Building a reliable remote team
  • 🧠 Mindset shifts needed to overcome investing fears
  • ⏱️ Managing his properties in just 20 minutes a day

Whether you’re a first-time investor or looking to scale your real estate business, this conversation is packed with actionable insights.


Connect with Zhiwei:

0:00
learning from the community is like there’s not just a one way to be successful there’s too many ways in real
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estate that you can achieve your goal even like remote real estate you have to have a really Reliable Property
0:11
management team and also having a general stand up Market let me introduce you to jiway Wang a tech professional
0:19
and remote real estate investor who’s built a rental portfolio across two states all well working full-time and
0:24
raising a young family what makes G’s story even more remarkable is how he went from owning a single town house to
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investing out of state in markets like St Louis all during a time when most people were stuck navigating Sky High
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property prices and a lot of uncertainty in the market in this episode gway shares how he transitioned from stocks
0:41
to real estate investing to diversify his income his blueprint from building a reliable remote Team without ever
0:46
leaving his home and the simple system he uses to add one property to his portfolio every year let’s dive
0:54
[Music] in welcome to the hybrid real estate professional podcast today’s episode
Meet Gway
1:01
features another Spotlight of our remote real estate Academy community members Mr
1:06
gway Wang gway just closed on his second out ofate rental about a month ago and
1:13
his third overall rental so without further Ado I want to introduce shway and get into your story a bit kind of
1:20
just share a little bit about yourself where you’re located what you do and and kind of how you got into real estate sure my name is Jay I’m currently based
1:27
in a little out of Seattle in the suburb of uh BW in Washington state so I kind
1:33
of started my real estate investment naturally when I started with my first condo property we bought it like in 2015
1:41
in the Seattle area and there was pretty like a two-bedroom small condo and then
1:48
it got pretty quickly a lot of equity once it’s gain in its value and then I
1:54
would thinking like hey like this might be an interesting thing since like we’re just like paying our mortgage and then
2:00
eventually when we get our house in 2019 that property become a rental so it kept
2:06
being in the rental for five years now about then I joined the the community
2:13
about a year ago and then I was trying to expand my portfolio into a remote
2:19
real estate investment and then I think talking to you and Nathan back then that
2:25
was very like enlightening moment for myself I learned a lot from the Community how to do like a mortgage
2:32
remotely how to find a real estate agent and then brought me naturally to the St
2:39
Louis area and I got my first rental property back in 22 and the second one
2:47
just closed out in 24 so both of them are renting out today so I’m happy
2:52
sitting remotely and then collecting rents I love it so you started with a
2:58
was it a townhouse or condo yeah that place is like a pretty big condo complex
3:04
but individually has a mix of condo and town home the unit that we got was just
3:09
a t home yeah so that’s amazing you know a lot of people people that aren’t familiar with Belleview that it’s a
Why Real Estate
3:16
pretty difficult area to afford anything and so when you were able to buy something back then and hold on to it
3:23
and then not only use it to live in for a few years but you were able to keep it as a rental and buy another home and
3:29
then rent that unit out and that’s that’s no small feat in King County which is one of the most expensive and
3:34
difficult places to to find any type of investment that makes sense but then it sounds like your the Intrigue caught on
3:41
and you you wanted to look out of state at what what your options might be and you know kind of how we think about
3:47
remote investing is that when you open up the entire map all of a sudden you can find options for any price point any
3:52
strategy and the skills that it takes to go learn and build your own team and plug in to a new market once you learn
3:59
them you can apply them anywhere exactly so you had this cool Advantage because you’re in one of the the more expensive
4:06
sought-after counties in the whole country but then you’re also able to leverage the income that you’re able to
4:12
make and you know the equity maybe that you had from those houses to start your own remote Journey kind of share like
4:18
how did you get the idea of having real estate be part of your financial future
4:25
for for you and your family yeah so it’s kind of interesting that I work as a technical program manager in the midsize
4:33
technology company so most of my income will come from besides cash will be like
4:39
a stock so naturally you know like stock market is doing pretty well in the past few years but there’s a little piece
4:47
inside of me of saying what if right and then like diversify is always the the
4:52
good way to go instead of like go all the way into like ETF or Index Fund I’m
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thinking of like potential also diversify into the real estate investment as well and I did some of an
5:05
education myself talking to a few of my friends and also listen to podcasts and
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YouTube channels I do see that it’s a good option for a lot of people especially people working in the tech
5:16
company tech industry so getting the depreciation on the like tax bucket
5:23
those kind of options are naturally a combination of very volatile like you know stock market so so that’s kind of
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the Intrigue and after I since I already have my first rental there give me some of the confidence to see hey like maybe
5:38
that’s one of the option I can just try it out and see how it goes if it’s like too risky or not an optimal one I can
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always back off so and how did you come across St Louis as a market so I was
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like trying to find out the best or not the best like tier one kind of the
5:57
investment options outside of the Washington State I think in early 2022
6:04
back I think the the the real Market in the Washington state was already very
6:09
high it’s very hard to get a positive cash flow people are just getting mostly for the equity basis back then I think
6:17
when I invested in 2015 there was some option that you can still get a positive cash flow but during the pandemic it get
6:24
worse especially for like single family homes and then I was also narrowed down into like not just investing like the
6:32
very heavy HOA like condo versus the single family home options so for single
6:38
family homes in order to make it more like unit base I can just pull out some of my extra cash I earn from my current
6:46
job just to invest in to like one or two investment unit I think that would be
6:52
ideal so getting to Sendo I think it’s a very interesting and then top you to
6:57
Nathan and some of the folks in the community yeah seems to be a very good option and also it’s like n said it’s
7:05
like a pretty boring market so probably won’t see like a lot of dramatic like
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growth in the very very soon compared with the area like North Carolina or
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Florida but also at the same time you won’t see like a very big deep into into
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the near future so yeah so it’s like a to some point it’s like a bond that you’re trying to secure to me so yeah I
7:29
I feel feel like it’s not a big investment you have to investing like a million dollar into that to start with
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yeah no that’s a great way to think about it and it’s funny because you mentioned like a lot of your before you
Diversification
7:41
started investing in real estate most of your investment was in stocks and stocks have the kind of roller coaster effect a
7:47
lot of volatility usually over a long period of time they grow but the ride is
7:53
is pretty unstable to get there and so the idea of diversifying into something that you have more control over if you
7:59
own a rental property and you buy it with sound fundamentals and you’re good at operating it and you have a good team in place it does feel more like a bond
8:07
it has that kind of yield if it’s profitable and it has all those other benefits right so like when when you
8:12
look at a rental property usually when I’m talking to someone who’s brand new and you show them that hey the monthly
8:19
cash flow that you get from the the rental income minus all your expenses is only one piece of it there’s the
8:25
appreciation on the property there’s someone else paying down your loan there’s the tax benefits so like it’s a
8:32
it’s part of a bigger picture and I think sometimes people think of it Apple to Apple where it’s like okay well you
8:39
know the cash flow is the only benefit you’re getting no there’s actually a lot more yeah because people get a little
8:44
turned off by the idea of I I think it’s kind of a myth the 2 am toilet clog
8:49
phone call everyone thinks that you know all landlords just take calls in the middle of the night and have no balance
8:54
but yeah that’s not it’s not that’s not true learning from the community is like first thing was there’s not just a one
9:01
way to to be successful I think there’s like too many ways like in real estate that you can achieve your goal the
9:08
second learning was that you’re going to be very cautious on your like building
9:13
up your team right like the even like remote real estate it’s like you have to have a really reliable like property
9:20
management team and also like setting up the goal and the expectation also I
9:26
think having a general like sof Market I think that’ll be critical yeah so on the
Building a Team
9:31
Noe of building your team so that’s one area where of course so people the first
9:36
thing they grapple with is the idea of investing somewhere far away that’s usually gives people anxiety so first
9:43
you have to conquer even the idea of investing remotely then you have to build a team that you can trust in order
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to reduce that anxiety because if you have a team that you know you know does things in a style that you don’t like or
9:55
they’re not reliable that’s when you really start to feel like oh I I made a mistake I say that from experience because the
10:01
first property manager that we ever hired for our remote Investments ended up being an absolute disaster so where
10:07
I’m going with this though is where did you in the process of building a team I
10:12
know you followed you worked with Nathan at first and you followed a lot of the curriculum in our community but what do
10:17
you think were like the keys to you feeling comfortable with the team that you ended up hiring yeah I would say
10:24
like first I would say like talk to people who are in the area like definitely gather as as much as
10:29
information as you can I think in the uh community that we talk about like getting to the Facebook groups talking
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to there’s like Global public forum not necessarily like you fly there and then
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doing some of the the work like yourself but really like get as much as
10:46
information from the internet and then talk to the real person real people that you you can have a sense of trust with I
10:54
think that will give you at least like some of the pictures on where you want to pursue next
10:59
and then secondly is like have some Safeguard while the part of the team goes wrong right what will be the backup
11:05
plan that you will trigger I think that’ll give you some of the you know it can be bad right I can go go wrong in a
11:13
a different ways but like having a backup plan always will give you a kind of Zen in your mind for that so yeah no
Contingency Plan
11:21
it’s so one kind of theme I hear in your answer is like multiple conversations getting different perspectives talking
11:27
to different options for each role and then kind of having at least a little bit of a contingency plan in the back of
11:33
your head so for us it was you know we self-managed some of our units for quite a while and then we hired a property
11:39
manager it didn’t work out then we went back to self-managing then we brought on another property manager so our
11:45
contingency plan was that we would self-manage but it doesn’t have to be that way right you can know different managers different investors or people
11:52
that can help you out and it’s just if you do that kind of upfront work to build a bit of a network in these
11:57
markets then you’ll be able to navigate whatever kind of challenges come your way I I think for me to start with I
12:03
didn’t think of like managing myself I’m a busy person with young kid my kid just
12:09
turned three last amount so I I’m quite value like those time with my family so
12:16
I never think of like started managing myself even like I think we’re just out of like a pandemic so during pandemic is
12:22
even harder so the other thing was that I actually created a spreadsheet for each of the vectors for team members as
12:30
a PR manager natur I kind of you know start with like different data just to
12:36
see hey like if there there are three options for those Pro Property Management what are the things that I
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after my my interview what are the things I’m pay attention to I give them like a score rating myself and then
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maybe we have like five factors like how what their pricing look like how are they getting things in timely and are
12:55
they passionate about getting into your business work with things like that so like I give some of
13:02
ratings and high medium low and then kind of combine together if one thing doesn’t go well I could naturally go
13:08
into the second option so that give me multiple options when I build up my team
Free Workshop
13:14
most people think I’m full of crap when I say that I can operate and grow my portfolio in an average of 20 minutes
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per day so instead of asking you to take my word for it I sat down with my business partner Nathan and we ran
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through our entire 20-minute investor strategy in free Workshop we go to to all the different workflows software and
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tools we use to stay in control of our portfolios so we can focus on what matters most to us you can watch the
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entire workshop and download our workflows for free at 20min investor.com again that’s 20 minutu investor.com and
13:44
back to the show yeah that’s a smart approach so you can tell your professional experience is creeping its way into the way you run
13:51
real estate which is actually the entire theme of this show right is that you know it’s for people that have full-time jobs and they have skills or income or
13:58
Network something that they leverage to become successful Real Estate Investors and so it’s interesting that you kind of
14:04
apply that way of thinking into into real estate too yeah partly I feel like it’s might be a cliche but it’s not like
14:11
a story syston like you have to plan ahead and only react to like what you
14:17
can control of kind of thing so nowadays especially in the real estate world like things can go different ways it’s very
14:25
Dynamic Market although like it’s not as quick like have give you a time your
14:30
mindset to get prepared before things happen I think that will be keep you
14:35
winning for most of the time 100% And so a funny thing I’ll share that I told you
Long Term Planning
14:41
right before we have record was I saw you kind of disappear from the community for like three four months there wasn’t
14:47
a lot of commenting and all that and then the next thing I saw you posted oh I just like went under contract or I just I think it was maybe even I just
14:53
closed on this thing I was like huh you had disappear I was like oh man maybe you know he got busy or whatever no you
14:59
were just actually hunkering down and doing doing the work which yeah I share that just because I thought it I thought
15:04
it was kind of funny but what it showed to me though and what you explained before we hit record is that you had
15:09
this goal that you want to do one property per year and you were kind of managing towards that throughout the
15:15
year and so do you have that kind of long-term planning like that’s going to be your continued goal is one property
15:22
per year for the next 5 years 10 years whatever it is is that how you’re thinking about it right now I think in
15:27
the next two or three years that’s still the goal for me probably want to continue to invest in the area
15:33
so also like have having the like since you already invest your time did the
15:39
research for the same Market also like maybe can replicate in the nearby area maybe like Kansas City or I don’t know
15:47
Ohio somewhere in Ohio but that’s TBD but I feel like having a one or two
15:52
property a year is the right pce for myself maybe things will change but for now it still is and having that goal
16:00
would help me easy to navigate hey like if I want to get that finished let’s say
16:05
before October of the Year walking backwards like how much a property I have to maybe every week I spend like
16:12
you guys said like 10 20 minutes just to research the market see the trend talk
16:17
to people in the talk to my agent and then maybe view one or two in in every
16:24
the other week so I feel that that’s the kind of the pace I wanted and then to be
16:29
realistic I think that’s also achievable for the work of KN that are having right
16:34
now you are using the curriculum and the and the
Using the Curriculum
16:40
program and the systems that we built exactly how it was intended right it was for people that have full-time jobs and
16:45
in your case you have a young kid right so you have a lot of priorities that are important to you in your in your life
16:51
and so you don’t have 15 20 hours a week to be going in hunting deals and yeah
16:56
doing all the you know kind of more investing style and so what you’ve done is you’ve applied all this and you
17:04
adopted that mentality of the 20 minutes a day 10 minutes a day whatever fits and you learn how to reverse engineer if I
17:11
want to buy one property by October well I need to look at this many deals and I need to make this many offers and in
17:18
order to do that I’m gonna have conversations with agents I’m gonna have conversations you know with my property manager and people who know exactly what
17:26
I’m looking for and then through that volume I will get to the outcome eventually and if you play it that way
17:33
then it’s not going to take over your life and it’s not going to infringe on your time with your kids it’s not going to infringe on your performance and work
17:39
and so that it’s it’s just such a good representation of how the system was meant to be used and you know people I
17:47
think discount it feels too boring to a lot of people right because it’s like I’m only buying one house a year or
17:53
maybe two it feels slow when you’re actually doing it but then once you start the the snowball rolling down the
18:00
hill then you know it really picks up especially 3 four 5 years in the future
18:05
and if you just keep doing that you don’t have to do that in perpetuity you could stop after five you could stop
18:11
after 10 and just let time do its trick and continue to operate yeah you know like my wife and I own eight and well we
18:19
started to and for us we’re across three states so that makes it a little more complex because we have three different
18:24
teams three different sets of regulations and all that but what we found is that you at some point the
18:30
scale and just the the mental clutter of having all these different things going
18:35
on started to outweigh the benefit of adding one or two more right like we hit we hit a bit of a ceiling in our mental
18:42
capacity to handle all this yeah you probably need a property manager for your property
18:48
managers which is basically what we are in this in this instance but yeah
18:54
scale exactly so it starts to become bigger and and it’s harder to use this
18:59
kind of 20 minute per day system if you have 20 or 30 or 40 rentals right so you
19:06
know kind of Nathan and my idea when we started the academy was to reverse engineer what’s worked for us right I
19:13
have eight he’s got I think you know he had it upwards of a dozen at one point but we we’re not aiming for that 50 or
19:20
that 100 or anything like that yeah we believe in that approach that you know you keep it manageable you keep it fit
19:26
within the lifestyle that you want to live and you you kind of build around the financial goals that you have and
19:32
you still continue to work you still continue to invest in other assets too if you choose and have it just be part
19:38
of a diversified portfolio of cash producing assets of course 100% I think
19:44
the goal for to achieve that will be benefit from the community I think talking to members like people are
19:50
interested in syndications or there’s like private Equity that people can collect from to inves in like larger
19:57
condo complex right those are kind of things that potentially can happen also
20:02
like if I’m having the appetite of like just give the my font to some proper
20:08
like private Equity manager for real estate investment that’s another thing
20:13
that might can explore in the next year or but for now I think I I’m kind of enjoying the momentum that I’m having
20:20
for just like very independently owning the property and gaining my knowledge and also portfolio footprint in in those
20:28
areas yeah I find that the type of person that succeeds with this type of approach they do enjoy it to some extent
Owning the Upside
20:34
right CU you’re not spending like we said you’re not spending 15 20 hours a week on it you’ve been able to build it
20:40
methodically and again it fits into your life but you are building something and you guys own it you have ownership over
20:47
it if it performs well you own the upside you know you can apply leverage that’s another thing we didn’t really
20:53
talk about but like when you can borrow 75% of the of the value of the property
20:58
but you get to keep 100% of the appreciation that’s a pretty sweet deal and especially when someone else is
21:04
paying down the loan over time absolutely it’s you know the feeling of having kind of built something built a
21:11
business and built built a portfolio that ultimately becomes self-sustaining
21:16
and then continues to grow that feels to me better than just going and cashing my
21:22
paychecks every two weeks I believe there is a place for both of those things like the your career and the
21:27
skills you’ve built the salary the benefits all that stuff is is amazing in its own right but I
21:33
feel better personally having also built something on the side that kind of acts
21:39
as a hedge against you know being too dependent on the W2 and then I also just
21:44
take pride and ownership in in having built you know something on our own instead of just relying on something
21:50
else that’s how I see it yeah so I was born and raised in in China so like part of my culture was also like having a
21:57
privileged to only on land that’s quite interesting topic but yeah having the ownership for those
22:03
properties is another you know a problem thing for a lot of Asian people just to
22:09
share more and that’s why I think naturally deep inside me I want to be part of it part of the wave and then
22:16
also like us is a very free market and then potentially the knowledge that I
22:21
accumulate in this years can be you know I can use in Market in Japan I can use
22:27
in Europe up someday I don’t know but yeah so I think it’s a learning it’s a
22:32
journey for myself for all the way so no that’s really cool that you mention that too there’s a bit of a symbolic
22:39
accomplishment too and like culturally like you said it it means something a little different and possibly more
22:44
meaningful then Americans like to take everything for granted so you know there there’s a perspective that you’re
22:49
bringing that probably most people don’t have yeah when I when I talk to my mom I say like I’m a I’m the property owner
22:55
for two other rental properties and she said wow did you do that is it’s like
23:00
usually it’s not really a cash flow market for a lot of countries or a lot of locations but here like you can still
23:06
do that because I think a lot of people are in different with the interest rate a lot of people are still deciding buy
23:13
versus rent so that’s a huge topic I think here is more but if you see like a lot of Market with especially like very
23:20
large populated areas it’s really imbalanced right if you buy it it’s like huge you’re going to pay huge at the
23:26
front but Rend is not much so you’re just waiting for the equity to be gain but here I think finding the balanced
23:33
Market give you a lot of opportunity for that so yeah no that’s it’s interesting
US Fundamentals
23:38
I’ve talked to a few different people that invest globally like some in Asia some in Europe and like the the way
23:45
that debt markets work and the way that lending works and you know the the Dynamics of how the markets appreciate
23:52
or don’t appreciate are totally different right and some areas even in big cities there’s very little
23:57
appreciation so the fundamentals that we use to think of what makes a good deal in the US are quite different than you
24:05
know a lot of other countries where they don’t have a lot of the benefits you know they don’t have the the the US
24:10
dollar is the reserve currency of the whole world and you know there’s tons of you know migration and population growth
24:16
economic growth and a lot of stuff once again that Americans like to take for granted but it is a
24:23
uniquely advantageous place to invest compared to a lot of the other you know places in the world that don’t have a
24:28
lot of those Tailwinds yeah yeah it’ll be interesting to see actually in the next few years how how you look like I
24:34
feel like a lot of the information shared more quickly across the internet
24:40
and people are taking advantage for which Market to go to right for example the stock market for the US I’ve heard
24:47
like it’s been more than half of the global stock market the total value so that’s like you can see people are
24:53
moving money more directly and share the same information share the same strategy like once you have a play like a
25:00
volunteer players it’s gonna be you’re gonna like get if it’s there’s no barrier of Entry there’ll be a lot of
25:06
other players joining so and with artificial intelligence that’s another
25:11
topic will see like how how much it will change for real EST estate as well yeah it’s really interesting to see that so
AI in Real Estate
25:18
real estate is one of the funny Industries where in some ways the technology is behind there’s still some
25:24
like kind of leg Legacy practices you know even just that invention of docu
25:30
sign and like being able to digitally sign things made something like remote
25:35
investment possible but yeah the way that AI is now starting to infiltrate all the different deal analysis software
25:41
market analysis and being able to compile different things you know you can have a conversation with chat GPT
25:47
and feed it information about a market and just ask it questions and get like
25:53
conversational type answers and it’s really interesting just how much more quick you can move and and the types of
26:00
insights you can pull out of the same information you know it’s very different with generative Ai and then a lot of the
26:07
evolution of AI That’s still yet to come yeah my my picture is like in the next maybe three to five years there will be
26:13
more automation being applied into this industry like extending to more and more traditional Industries and for for Real
26:20
Estate I feel like a lot of deal analysis can be automated you can have your own like preference set it up and
26:27
can tune the parameters for your AI agent and they can select the best deal
26:32
for you in the area or even in the entire us right so having that like
26:38
quick decision so you don’t have to go to one page to the next on Zillow to
26:43
find out hey like what’s up in the in today’s market I think that will be that would be a tremendously different for
26:50
people how people invest yeah and that’s you know one of the ways that you can stay a 20-minute investor is if you
26:56
streamline a lot of this stuff I know it sounds kind of crazy and sometimes people think like Nathan and I are
27:03
trying to be robots or something and we’re not when we talk about you know if you can claw back three or four minutes
27:09
of time by automating something that you would otherwise be doing manual you know that stuff adds up yeah especially when
27:15
you got young kids especially when you got a job and you got all this other stuff so if you find little chunks of
27:20
time to claw back through technology and systems or delegating and you can you can find one or two hours throughout the
27:26
week well then you can spend that time either with your family or on your other priorities or on higher value activities
27:33
like building new relationships because I think what happens especially once you get to three four five six properties is
27:40
there’s a lot of administrative work that can come along with that and if you’re not careful if you’re only spending 20 minutes a day all of a
27:46
sudden you’re spending all that time on administrative stuff instead of you know actually the fun part and so our kind of
27:52
general rule is if it is repeatable and it doesn’t involve any decision making
27:58
then it needs to either be delegated automated or eliminated you know it
28:04
doesn’t belong on our plate yeah if if it fits those criteria yeah one one
28:09
thing I did want to add is like don’t let that get into the your daily like
28:15
day-to-day mindset like sometimes you feel like oh crap there’s like a $4,000
28:21
repair it’s just going to hit right and then you got your affecting your psychological
28:28
happiness for the whole day and then you’re in the low mood for and impact your family impact your I think uh
28:35
that’s like the bottom line don’t let get those things get into you too deeply
28:40
it’s just one line of investment so uh having those preparation like I mentioned earlier and also like practice
28:48
on hey just spend like a box time every day make a decision maybe together with
28:54
the right team right person right people you talk to so that give you a head of
28:59
the game so nowadays it’s just like a million things every day people are dealing with it’s a good call out I mean
29:05
it’s really really really hard not to be affected when you have some big expense pop up or you got a tenant getting angry
29:12
and threatening this or that I mean it’s pretty hard for me not to be affected in those situations as well but you’re
29:18
right I think generally if you zoom out and you take a broader perspective and you think about this is one thing
29:24
happening on one day at one property in this course of my entire you know portfolio of things I’ve got going on
29:30
not just my real estate but my whole life if you zoom out it usually gives you enough perspective to say hey this
29:36
two Shell Path we’ll get through it we’ll work through it if you build systems and teams the right way like you
29:41
said if you have Reserve funds set aside if you analyze the deal with enough you know contingencies and allocation for
29:49
repairs then you got to just trust you got to trust the system you built and the teams you built and let it do its
29:54
thing and like you said there’s no sense in letting it just totally derail and ruin your day and and then
30:00
affect your relationship with other people too so that’s that’s a great call out yeah so I think let’s cap it here
30:07
with what would be your advice to someone put yourself maybe three years ago before you started investing
30:13
remotely they’re interested in investing remotely but they’re not quite sure what would your advice be to that person
30:18
that’s kind of on the fence yeah I would say like continue to talk to the community like if you don’t have a
30:24
community Join one and then talk to the a few people there’s other sources it’s
30:29
not just like a oneway street like you can publish some of the your ideas just
30:35
test it out get verified with the crowd right and then slowly like you have a
30:40
trusted realm of people that you really can talk to on this topic and and
30:46
secondly is like you can I personally write like to write usually it’s like a
30:52
w engineering project plan or this is like you know your investment plan right so
30:58
put down your first stab Second Step what if things go wrong what are your backup plan and then maybe share with
31:05
the group and see how how it looks like right and then having people to review
31:10
that and then the other way is I also like replicate some of the existing successful story like people talked
31:17
talked about that’s going to give you a very good like you know you can jump start from from the beginning I think
31:25
that’s that’s a good getting to the door of the real estate investing the second
31:30
thing I feel like psych psychologically you have to be committed into this your
31:37
objective I started setting my goal for like one property per year but also you
31:42
can do that you want to go slow you can go like two property per year or just to
31:47
aiming for just the first property and see how it goes for some time I think that’s like just set up side of that
31:54
funding to say hey like this is going to be the funding for the investment I’m
32:00
going to use that for the the property for the uh roting investment and then I
32:06
started looking and then see how how are the options to for those portion of the found or investment going to be look
32:13
like in the few years it can grow in 10% a year it can grow in 5% like do those
32:19
pre uh pred predictions projections that’ll be very useful for you to really
32:24
get into the weeds and mindset for that so yeah so I’m I’m abely very happy
32:30
sometimes you don’t see me very active in the community but I did pop up and look at how people are talking about
32:36
things if there is anything a topic that I’m very interesting I will respond as well but at the same time I have other
32:43
channels that I’m I’m listening to it’s so nice and yeah I really appreciate all the feedback and your engagement and I
Final Thoughts
32:49
was so excited when you popped back up and you said he closed on your your second out of state reyal the advice you just gave is great and I think a couple
32:56
themes I heard right like leaning into the community whe it doesn’t have to be our community it doesn’t have to be a paid Community there’s communities all
33:02
across the internet various social media there’s Facebook groups there’s Bigger Pockets there’s a lot of different
33:08
places that you can interact with other investors and you use that and you get their perspectives and that can help you
33:14
you know understand if you’re on the right track or not not Reinventing the wheel I think I heard that right so like this has all been done before so finding
33:21
people who have done what you want to do and more or less just copying either by you know if they have a course you can
33:27
take their course or if you can just find a way to mimic what they’ve done you can do that and then you know being
33:33
you it sounds like you’re numbers driven too right you paid attention to the data and like what what could this look like
33:39
over a long period of time and just understanding what you’re getting yourself into and use that to kind of
33:45
conquer some of the anxiety that’s great great advice for for any new investor thank you so much for coming on and we
33:51
will have to have you on uh again in maybe six months or so we can kind of see where you’re at in your journey of
33:56
course awesome thanks nice talking to you thank you for making it to the end of today’s episode as you may know
34:01
podcasts are very difficult to grow organically if you’re getting value from today’s episode I’d deeply appreciate if
34:07
you can take 30 seconds to leave my show five-star rating and review this will go a long way to helping me reach more
34:13
listeners just like you thank you so much in advance

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