Real Estate Rookie 137: Turning $3,000 into 10 Doors (As a Former Parolee)
Do you ever feel out of place as an employee? The W2 route isn’t for everyone and maybe you’ve started to feel the entrepreneurial itch. So what steps do you take when it’s time to transition into working for yourself all while building wealth through real estate?
After years of being in and out of the prison system, Sterling Shrout needed a change. His whole life he considered himself a “bad employee” until he finally realized he wasn’t meant to be an employee, so he turned to real estate.
He began by listening to The BiggerPockets Podcast and any other educational material he could find. From there, he became hooked on the idea of creating opportunity and building capital through self-employment. Besides owning his own home, something he never thought he would do, Sterling has now closed on ten doors in less than two years!
We touch on topics like overcoming self-doubt, finding a business partner, going from an employee to an entrepreneur, triple net leases, and operating agreements. If you want to begin the journey to self-employment regardless of your past, this episode is perfect for you!
In This Episode We Cover
Overcoming self-doubt and not letting it keep you from pursuing your dreams
The importance of having the right business partner (and how to find one)
Transitioning from being an employee to an entrepreneur and why you should take the leap
Triple net leases and the massive advantages that come with it as a landlord
How to set up an operating agreement and why they’re essential for partnerships
How to build, find and maintain business relationships (even if you don’t have any yet)
And So Much More!
Links from the Show
Real Estate Rookie Youtube Channel
Real Estate Rookie FaceBook Group
Rookie Podcast 129: 5 Properties After Spending 8 Years in Prison (With ZERO Credit!)
Dayton Real Estate Estate Investors Network Facebook Group
Check the full show notes here: https://www.biggerpockets.com/rookie137
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