How many hours per week does it take to be a successful real estate investor? The answer on today’s episode might surprise you. Today we’re sitting down with Elliot Smith, a real estate investor from Washington State who has an incredible story to tell about how he went from 70+ hour per week worker to “full-time” real estate investor who only works part-time. Elliot has an incredible outlook on life and business that’s contagious, so warning—you won’t leave this interview the same person. You’ll also learn how Elliot and his wife made over $100,000 their first year in real estate and the amazing tale of how they made over $100,000 in a single month. This show is as inspirational as it is educational (and filled with more than a few laughs!) so get ready to have your world rocked.

In This Episode We Cover:

How Elliot got started real estate investing
Whether you should do house inspections
Their next deals and a great wholesale deal
How to wholesale with a full-time job
The importance of being honest with your sellers
What exactly wholesaling entails
How he made $100k in just one month!
How to invest part-time and earn full-time
Tips for building relationships with private lenders
Advice on flipping with no money down
Tips on finding a mentor
How to do 30 deals a year
How Elliot finds deals
His way of making the world better
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Rental Property Investing by Brandon Turner
Finding and Funding Great Deals by Tarl Yarber
Investing with Low or No Money Down by Brandon Turner
The Millionaire Real Estate Investor by Gary Keller
Pitch Anything by Oren Klaff

Fire Round Questions

Tweetable Topics:

“If you’re asking if you need an inspector, then you need one.” (Tweet This!)
“It all has to do with the intent. Is your intent to screw this person or is your intent to do the right thing?” (Tweet This!)
“You’ll find really good people in this business who just love people and love helping.” (Tweet This!)
“Money is not the most important thing. Friendship and relationships are the most important thing in this business.” (Tweet This!)

Connect with Elliot

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255: Six-Figure Real Estate Investing in Just 20 Hours a Week with Elliot Smith