238: Becoming a Real Estate Millionaire on a Teacher’s Salary with Michael “Swanny” Swan 01:32:36

    <p>Is it possible to invest in real estate if you live in an expensive market—and earn a teacher’s salary? According to today’s guest, it’s not only possible, but it can be incredibly profitable! </p><p>Today’s guest, <strong>Michael Swan</strong>, is a P.E. teacher who lives in San Diego but has used the valuable real estate concept known as “trading up” to acquire millions of dollars in real estate. You’ll learn why Michael liquidated his entire retirement plan to buy his first few deals, the truth about “luck” and real estate, and some fantastic tips for buying and managing properties—even from a distance. (And if you work a full-time job or make less than $100,000 per year, this show might just change your life!)</p><p>In This Episode We Cover:</p><ul>

Links from the Show

• BiggerPockets Forums
• Zillow
• Craigslist

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• Multi-Family Millions by David Lindahl
• Loopholes of Real Estate by Garrett Sutton
• The 7 Habits of Highly Effective by Stephen Covey
• Think and Grow Rich by Napoleon Hill
• The 10X Rule by Grant Cardone

Fire Round Questions

• What strategies do you use to find the “right” property manager?
• Is a skunk in the yard my responsibility?
• Apartment bedrooms 2, 1 or studios
• Investing in San Diego
• Investing in rental income properties out of state

Tweetable Topics:

• “Living in San Diego, if I am able to do it, anybody can do it.” (Tweet This!)
• “Luck is when preparation meets opportunity.” (Tweet This!)
• “Make sure you make connections with everybody.” (Tweet This!)
• “I don’t take advice from someone that has less than me.” (Tweet This!)

Connect with Michael

• Michael’s BiggerPockets Profile

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