Mike & Mike Ep 7 - Mike Reilly's Journey to Leaving His Job Using STRs
Sep 27, 2023
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Mike Reilly shares his amazing journey of leaving his job to achieve financial freedom through short-term rentals. He talks about transitioning from tennis to tech sales to the short term rental market. He also discusses managing time and setting goals, growing a short-term rental portfolio, and the potential for life-changing opportunities in the industry.
Building relationships and connections in multiple areas is crucial for obtaining property opportunities in short-term rentals.
Overcoming limiting beliefs and having a mindset of belief, along with accountability and mentorship, are key factors in achieving financial freedom in real estate investing.
Deep dives
Building Relationships for Property Opportunities
One of the main ideas in this podcast episode is the importance of building relationships in multiple areas to obtain property opportunities. The host emphasizes that co-hosting short-term rentals doesn't require living in each location, but rather having connections and relationships to bring in opportunities. This approach allows investors to expand their reach and access properties in different areas.
The Journey to Financial Freedom
The podcast delves into Mike Riley's personal journey to achieving financial freedom through real estate investing. The conversation highlights how Mike transitioned from a career in tech sales to pursuing short-term rentals. He discusses how his goals shifted after meeting his wife and wanting to build a family. Mike shares the challenges he faced, from analyzing deals to managing properties remotely, and eventually leaving his corporate job to focus on real estate full-time.
Overcoming Limiting Beliefs and Taking Action
The episode touches on the importance of overcoming limiting beliefs and having a mindset of belief rather than hope. Mike emphasizes that individuals need to believe in their ability to succeed, take action, and commit to their goals. He urges listeners to eliminate the word 'hope' and replace it with 'belief' while staying motivated to pursue their dreams. The conversation also addresses the significance of accountability and mentorship in overcoming obstacles and staying on track.
Creating Time Freedom and Achieving Goals
The podcast highlights the importance of time freedom in real estate investing. Mike shares his personal experience of leaving his corporate job and achieving his goal of generating $20,000 per month in real estate income. He emphasizes the need to prioritize what truly matters, such as spending time with family and pursuing personal interests. Mike also encourages listeners to establish clear goals, deliver on them by developing discipline and effective time management skills, and surround themselves with a supportive community to achieve success.
Get ready to be inspired by an incredible journey of courage and determination. Join us for the next episode of the Short Term Rental Secrets Podcast, where we dive deep into his remarkable story of transitioning from a traditional job to achieving financial freedom through short-term rentals. Mike's story is a testament to the power of determination, hard work, and smart investments. If you're looking for motivation to take the leap into STRs or seeking guidance on how to turn your rental properties into a source of financial security, this episode is a must-listen!