Top Realtor Turned Real Estate Investor Explains Why He Opened Hard Money Lending Service (GSDMODE)
GSD Mode Podcast · Joshua Smith
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Show Notes
If you're a real estate agent and you've been thinking about getting into real estate investing, but you're unsure if you can make more money selling homes, or more money flipping homes, check this interview out! Of course it will vary from person to person, but in this real estate podcast Ryan Wright explains the reasons he left his career as a top realtor and switched to be a hard money lender and real estate investor. Ryan was the top realtor in utah, winning Rookie of the Year and Best Realtor in Utah before he was even 22 years old! He's a top real estate investor, podcast host of the 'Income Hacker' podcast, owns his own brokerage, and much more! Check it out!
0:01 - Introduction
1:40 - How did you get into real estate and why?
3:40 - Winning the 'young entrepreneur' award
8:00 - Being too scared to flip houses and getting past that
14:30 - "Save 1% of what you make"
20:00 - Lifestyle budgeting
23:00 - Doing a personal P/L statement
27:00 - How to live below your means
33:00 - Do you make more money flipping properties or being a real estate agent?
37:00 - Single family units vs. multi family units
41:00 - Biggest mistakes new investors make
47:30 - Being in 30 different markets / How to save and pay taxes along the way
51:30 - Where to learn more about Ryan
53:30 - Wholesaling real estate
56:00 - Advice Ryan would give his younger self
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