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.
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Ty's Rapid Real Estate Success
Ty Downey secured two deals in 64 days, going from novice to wholesaler.
He used a Facebook group to find private money and a mentor, demonstrating the power of networking.
volunteer_activism ADVICE
Finding Discounted Properties
Find discounted properties to win in any market.
Take consistent action and make offers to uncover property potential.
volunteer_activism ADVICE
Tools for Wholesaling
Use tools like Mojo Dialer for efficient cold calling.
Leverage skip tracing for accurate lead generation.
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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
------ Disclaimer: The information provided in this episode is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
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