143: High Salary? No Thanks, I'd Rather Be Wholesaling w/Aaron Latal

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 29 December 2021

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

When you think about your ideal life in 5,10 or even 15 years, what do you see? When you think about your finances, what is it that you want your money to do for you? As today’s guest, Aaron Latal, so elegantly put it, when setting goals it is best to start backwards. After graduation, Aaron landed a high-paying job as an engineer and genuinely enjoyed the work he was doing, yet he felt like something was missing. Besides his job, he had nothing to fill his free time, so he turned to real estate investing. He began to read, listen to BiggerPockets and do anything he could to educate himself. Once he felt like he had a good understanding, he started his real estate journey by rehabbing the property he lived in and eventually house hacking a duplex he purchased. Shortly after that, he realized this is what he was meant to be doing. He then quit his job despite enjoying it because he knew that engineering didn’t fit the life he envisioned for himself. From there on he poured everything into real estate and wholesaling. He soon noticed that he had more of an interest in the business and process side of things so that’s what he focused on. As business picked up, he was able to outsource certain aspects of his job and focus on his strengths and what he enjoys. By working backward and understanding what he wants his life to look like in the future, Aaron is not only building his ideal life but living it. In This Episode We Cover House hacking and how to get your start in real estate investing Wholesaling and whole-tailing and what that means How to make sure the job you work at matches your ideal life How to set long-term and short-term goals and how to approach them Building processes and incorporating systems that help your business prosper Outsourcing and how to train employees (even if you’ve never been a boss) And So Much More! Links from the Show Real Estate Rookie Youtube Channel Ashley's Instagram Tony's Instagram Real Estate Rookie Facebook Group Alpha Geek Capital The One Thing Podio Forefront BiggerPockets Podcast 494: The Five F-Words Every Real Estate Investor Needs to Master BiggerPockets Podcast BiggerPockets Podcast 480: Making $200k a Month After Being on the Verge of Bankruptcy Scott Trench Loom Readymode CallRail Check the full show notes here: https://www.biggerpockets.com/rookie143 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie, episode 143.
0:06.2	That's, I think, the big mindset shift is just using the word if.
0:12.8	Like, in 25 years, if I was at the number one best place I could be financially,
0:19.8	what would that look like?
0:21.2	We'll just make it up.
0:22.1	My name is Ashley Care, and it is almost the new year 2022, and Tony Robinson is still
0:35.0	my wonderful co-host, and I could not be happier to go into the new year with you, Tony.
0:40.5	We made it through another year, Ash 2021.
0:43.3	It was crazy, right?
0:44.3	Because 2020 was the crazy year for everybody in so many ways, and everyone thought that
0:47.1	2020 was going to be like the year that things got back to normal, but it was kind of just
0:51.0	more the same.
0:52.0	Here's to hoping that 2022 is like the year that we give back to some semblance of regular
0:56.3	normalcy.
0:57.3	That everyone that's listening is their first real estate deal, and it's just good news
1:00.7	around for everybody.
1:01.7	I know.
1:02.7	I know.
1:03.7	I reach out to me and Tony on Instagram too, you guys at Wealth from Rentals and at Tony
1:07.3	J. Robinson.
1:08.3	Let us know what your new year's resolutions are, what your new year goals are, to get
1:14.2	that first deal, or to get that next deal, we would love to love to hear from you guys
	...

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