The BetterLife Podcast: Wealth | Real Estate Investing | Life

#32: Henry Washington

Oct 16, 2023

Henry Washington, a successful real estate investor, shares his journey from financial panic to owning over 70 rental units. He discusses the importance of setting a positive example for children and living a fulfilling life, using creative financing with limited funds, consistently focusing on goals, making money in affordable housing, and building wealth with a focus on service. He also shares his excitement for his upcoming book release and business growth.

01:33:30

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Quick takeaways

Real estate investing can provide long-term financial security and opportunities for growth.

Being a role model for children involves teaching them the value of hard work and putting God first.

Building a strong network and consistently pursuing real estate opportunities are key to success.

Partnerships and collaborations are crucial for addressing the affordable housing problem and creating positive change.

Deep dives

Overcoming Financial Panic and Achieving Real Estate Success

The speaker shares their personal journey from financial panic to owning a cash-flowing asset and access to credit. The experience led them to realize the potential of real estate investing to provide long-term financial security. Growing up in a household with side businesses instilled a fearlessness in pursuing entrepreneurship. They emphasize the importance of being a role model for their children, teaching them the value of hard work and putting God first. The responsibility of creating a better life for themselves and their employees has driven them to constantly grow and scale their business. Through relentless consistency and surrounding themselves with like-minded individuals, they have achieved success in real estate.

Effort or Money: The Two Paths to Finding Real Estate Deals

01:51

The Secret Sauce to Finding Your First Deal

01:20

Women Dressing up as Mermaids and Taking Photos

01:34

Introduction

5min

Parenting, Personal Growth, and Responsibility

8min

The Modern Work System and the Importance of Living a Fulfilling Life

6min

Becoming a Real Estate Investor despite Limited Funds

17min

Consistently Focusing on Goals

24min

The Potential for Making Money in Affordable Housing

14min

Reflections on the Past, Present, and Future

12min

Building Wealth with a Focus on Service and Impact

3min

Excitement for Book Release and Business Growth

5min

Henry Washington is a real estate investor, educator, coach, and co-host of BiggerPockets’ On The Market podcast.

Starting out with just $1,000 and bad credit, Henry suffered a panic attack out of worry he wouldn't be able to provide financially for his family. 90 days later, he owned his first rental property. And within just a few years, he scaled to 70+ units; became one of the country's best-known real estate teachers; and built a dream life for his family.

Henry also discusses:

-How seeing his father's side businesses inspired him to start a real estate company

-Living a big life as an example to your kids
-The TEDx Talk on passive income that motivated him to pursue real estate investing
-How honesty and commitment strengthened his wife's trust in his entrepreneurial ventures

-Using a 401k loan to invest in real estate

-Improving his credit and building a network of passive investor

-Building a consistent, reliable lead generation system

-The "Burst Strategy" in real estate investing

-The growing affordable housing problem and the opportunities it presents

-How historic racism and lack of resources for Black Americans require partnerships for affordable housing

-Why he's not worried about a 2023 recession

-How to be more present and intentionally design quality time with your kids

-His upcoming book, "Real Estate Deal Maker"

Books mentioned in this episode:

“Rich Dad, Poor Dad” by Robert Kiyosaki

“The Richest Man in Babylon” by George S. Clason

“The Alchemist” by Paulo Coelho

“The Wise Investor” by Rich Fettke

Henry’s charitable cause:

Saving Grace NWA, which “serves young women ages 18-25 who have aged out of foster care or are facing homelessness" by providing safe housing, educational assistance, career guidance, and more.

Connect with Henry:

Instagram

TikTok

Independence Realty Group