41: Accelerating Progress Towards Financial Freedom - A Coaching Session

WSREIP: Your Gateway to Real Estate Success in Washington State

This episode brought to you be inspectify.com

Summary

Julia Pardo is being coached by Jan Wanot on the Washington State Real Estate Investing Podcast. Julia currently owns a duplex and wants to continue buying cash-flowing properties every two years. Her long-term goal is to provide rental properties for her future children and achieve financial freedom. Jan suggests that Julia consider buying a new property every year instead of every two years to accelerate her progress. They discuss the importance of increasing passive income and the potential for Julia's husband to support her in managing more units. Jan also advises Julia to focus on finding incredible deals and leveraging off-market opportunities. Julia Pardo discusses her real estate investment journey and her plans for future investments. She shares her experience of buying her first duplex and the challenges she faced. Julia expresses her desire to invest in a fourplex and her husband's hesitation. Jan advises Julia to focus on building relationships with wholesalers to find off-market deals. Jan also suggests exploring on-market properties that have been sitting for a while and submitting offers that reflect the market price. Julia realizes that she needs to let go of her fear and take the next step in her investing journey.

Takeaways

Consider buying a new property every year instead of every two years to accelerate progress towards financial freedom Increase passive income to have more resources and support systems in place Focus on finding incredible deals and leveraging off-market opportunities Involve Julia's husband in managing more units to alleviate workload Building relationships with wholesalers can help in finding off-market deals Submitting offers on on-market properties that have been sitting for a while can lead to good deals Letting go of fear and taking the next step is crucial for success in real estate investing

Guest: Jan Wanot Jan is an immigrant that came to this country with nothing, studied hard and finally attained the America dream…. of a steady, corporate job. Or so he thought based on the narrative we’re all fed. Jan eventually wisened up and left the steady paychecks to become a full time real estate investor in 2017. Today he owns and operates a portfolio of 225 cash flowing units around the country plus a variety of active real estate projects in Seattle. He is the founder of the WA Real Estate Investing facebook group where about 19,000+ members in the Pacific Northwest connect and share value every day. In his spare time Jan loves to stay active, travel 3+ months per year, raise hundreds of thousands of dollars for charities he cares about, and teach real estate investing.

http://facebook.com/groups/WAREI