How Much Time Did You Put Into This Deal?

A tenant had lived in the house for seven years, but moved out of state. She said she wanted to fix it up and then probably just sell it. Isa: If you don't want to come down here with your family all the time, i could just buy it and fix it up. It'll be easier for me.

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When you think about your ideal life in 5,10 or even 15 years, what do you see? When you think about your finances, what is it that you want your money to do for you? As today’s guest, Aaron Latal, so elegantly put it, when setting goals it is best to start backwards.

After graduation, Aaron landed a high-paying job as an engineer and genuinely enjoyed the work he was doing, yet he felt like something was missing. Besides his job, he had nothing to fill his free time, so he turned to real estate investing. He began to read, listen to BiggerPockets and do anything he could to educate himself. Once he felt like he had a good understanding, he started his real estate journey by rehabbing the property he lived in and eventually house hacking a duplex he purchased.

Shortly after that, he realized this is what he was meant to be doing. He then quit his job despite enjoying it because he knew that engineering didn’t fit the life he envisioned for himself. From there on he poured everything into real estate and wholesaling. He soon noticed that he had more of an interest in the business and process side of things so that’s what he focused on. As business picked up, he was able to outsource certain aspects of his job and focus on his strengths and what he enjoys. By working backward and understanding what he wants his life to look like in the future, Aaron is not only building his ideal life but living it.

In This Episode We Cover

House hacking and how to get your start in real estate investing

Wholesaling and whole-tailing and what that means

How to make sure the job you work at matches your ideal life

How to set long-term and short-term goals and how to approach them

Building processes and incorporating systems that help your business prosper

Outsourcing and how to train employees (even if you’ve never been a boss)

And So Much More!

Links from the Show

Real Estate Rookie Youtube Channel

Ashley's Instagram

Tony's Instagram