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 Cover
Breaking from the “traditional” path and finding what best suits you
Building wealth without prior experience in real estate
How to successfully self-manage a house hack
Using your youth as an advantage when investing in real estate
Getting pre-approved for a loan without high income or long work experience
How to find the right mentor (especially as a newbie)
And So Much More!
Links from the Show
Real Estate Rookie Youtube Channel
Ashley's Instagram
Tony's Instagram
Real Estate Rookie FaceBook Group
Steve Rozenberg Events
The Real Estate Guys
Real Estate Rookie Podcast
Graham Stephan's Youtube Channel
MLS
Zillow
Brandon Turner
Rentredi
Rookie Podcast 102: $10M Profit On Her First Deal?! It’s Possible with Campground Investing
Apartments
BiggerPockets Forums
Check the full show notes here: https://www.biggerpockets.com/rookie131
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