Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Fastest Way to Get Rich in Real Estate!

Jan 24, 2025

Ty Downey, a full-time employee and budding real estate investor from Wichita, shares his inspiring journey of diving into real estate with no prior experience. In just 64 days, he closed two deals and earned $14,000! Ty discusses how a simple Facebook post connected him to private money lenders and why cold calling became a game-changer for finding deals. He emphasizes the importance of mentorship, networking, and taking action, proving that success in real estate is achievable even without initial capital.

41:12

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Episode guests

Ty Downey

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Episode notes

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Quick takeaways

Ty Downey illustrates that with dedication, mentorship, and networking, even beginners can achieve significant success in real estate investing quickly.

Transforming from flipping to wholesaling allowed Downey to build a pipeline of opportunities, showcasing adaptability as essential for real estate success.

Deep dives

The Journey of a New Investor

A real estate investor from Wichita, Kansas, immerses himself in the world of real estate, dedicating over 100 hours a week to balance a full-time job and active investing. Despite having a stable career, he always aspired to engage in real estate, inspired by experiences and an understanding of its potential for building wealth. He spent two years absorbing knowledge through podcasts and YouTube, which built his confidence to take the plunge by starting an LLC. This commitment to learning and taking action set the foundation for his future success in the real estate market.

Intro

2min

A Deep Dive into Real Estate Commitment

2min

From Aspiration to Action in Real Estate

24min

Navigating Real Estate Wholesaling: A Personal Journey

5min

Closing the First Deal

6min

The Journey to Real Estate Success and Community Support

3min

Visit www.richdadpro.com to join the community!

Ever wondered how to start in real estate with ZERO experience? Meet Ty Downey—a full-time employee who decided to take massive action and dive into real estate investing. In just 64 days, he went from knowing nothing about wholesaling to closing two deals and making $14,000!

In this episode of Rich Dad Radio, we break down Ty’s journey:
- How he started with no money and no experience
- The exact steps he took to build a network of investors
- How one Facebook post opened doors to private money lenders
- Why cold calling was the game-changer for finding deals
- The biggest lesson for anyone looking to break into real estate

If you think you need thousands of dollars to start investing, think again. Ty proves that with the right mindset, mentorship, and action, success is within reach!

00:00 Introduction
01:05 Meet Ty Downey: The Hustling Investor
03:25 Starting a Real Estate Business
05:58 Building a Network and Finding Deals
09:23 First Flip and Learning the Ropes
11:31 Shifting Focus: From Flipping to Wholesaling
17:37 Tools of the Trade: Dialers and Skip Tracing
18:44 The Importance of Education and Mentorship
20:54 The Abundance of Capital for Real Estate Deals
21:39 Understanding the Target Market
22:30 Overcoming Financial Obstacles
23:26 The Importance of Quality Conversations
24:08 Building a Wholesaling Business
25:21 Effective Cold Calling Strategies
27:07 Breaking Down a Successful Deal
30:11 The Power of Mentorship
33:33 Achieving Financial Freedom
36:30 Final Thoughts and Encouragement

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