482: Full-Time Fireman Does 300 Deals While Working 40 Hours/Week 01:01:43

    <p>Everybody is busy. We have jobs, kids, businesses, and responsibilities to take care of. Why go out of your way and<strong> risk your money and time to invest in real estate</strong>? <a href="http://theinvestingfireman.com/"><strong>Mike Webb</strong></a>, firefighter, investor, flipper, and wholesaler argues the opposite. Mike says that<strong> it’s far riskier to simply rely on your job for the entirety of your income</strong>.</p><p>Mike began his investing career by <strong>investing in a side-by-side </strong><a href="https://www.biggerpockets.com/blog/meet-investors-duplex-cash-flowing-expensive-market-kevin-leahy"><strong>duplex</strong></a>, rehabbing it, and <strong>failing to complete a successful </strong><a href="https://www.biggerpockets.com/blog/brrrr-buyrehabrentrefinancerepeatprimer"><strong>BRRRR</strong></a>. After seeing the cash flow and learning from his mistakes, Mike saw an investment strategy that could carry him to financial freedom. He is<strong> still working as a full-time firefighter</strong>, but is building his portfolio and completing<strong> 20-30 flips per year</strong> while he does so. This gives Mike the ultimate freedom to do whatever is best for him and his family, even though he loves his job.</p><p>In a world where it seems cool for everyone to quit their job, Mike reassures those who like their work that it’s worth staying, especially to <strong>keep that investment money flowing</strong>. He also walks through his <strong>partnerships, how he hires his team members, and what you can do to </strong><a href="https://www.biggerpockets.com/blog/5-steps-systematize-business"><strong>systematize your business</strong></a> so you can outsource your work as you take on more strategic roles! </p><p>In This Episode We Cover:</p><p>Why you <strong>don’t have to choose between a career and investing</strong> in real estate</p><p><strong>Learning from your first deal </strong>and using your newfound knowledge to expand</p><p>Why the <strong>1% rule and 2% rule </strong>shouldn’t be the ONLY metric you consider during deal analysis</p><p>Using the <a href="https://www.biggerpockets.com/forums"><strong>BiggerPockets Forums</strong></a><strong> to meet partners, mentors, </strong>and other real estate professionals</p><p>The<strong> “OODA Loop”</strong> and why it’s a great tool for organizations</p><p><a href="https://www.biggerpockets.com/forums/521-events-and-happenings"><strong>Starting a meetup</strong></a> and being in the know with local investors</p><p>Why <strong>working AND investing </strong>decreases your overall financial risk</p><p><strong>And SO much more!</strong></p><p>Links from the Show</p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.youtube.com/biggerpockets">BiggerPockets Youtube Channel</a></p><p><a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-469">BiggerPockets Podcast 469: Why Do Investors Lie to Themselves? +More Audience Q&amp;A (Pt. 2)</a> (Mike's question)</p><p><a href="https://www.biggerpockets.com/blog/2016-04-07-bp-podcast-169hustle-persistence-build-wealth-real-estate-david-greene">BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene</a></p><p><a href="https://odcfund.com/">Open Door Capital</a></p><p><a href="https://www.voxer.com/">Voxer</a></p><p><a href="https://slack.com/">Slack</a></p><p><a href="https://www.loom.com/">Loom</a></p><p><a href="https://wizehire.com/">WizeHire</a></p><p><a href="https://docs.google.com/">Google Docs</a></p><p><a href="https://biggerpockets.com/events">BiggerPockets Events</a></p><p><a href="https://www.facebook.com/groups/biggerpocketsofficial">BiggerPockets Facebook Group</a></p><p><a href="http://biggerpockets.com/store">BiggerPockets Store</a></p><p><a href="https://www.instagram.com/beardybrandon">Brandon's Instagram</a></p><p><a href="https://www.instagram.com/davidgreene24/">David's Instagram</a></p><p>Check the full show notes here: https://biggerpockets.com/show482</p>
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