38: Balancing a Career, Family, and Lots of Deals with Active Duty Service Member Adam Whitney

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 18 November 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Feeling stretched for time in your investing career? Today we talk with Adam Whitney, an active duty military member, working full-time, with children, a wife, and an active investment portfolio! With so much going on at once, Adam makes it look easy, juggling his hectic military life while accomplishing his long term goals. Adam started learning about real estate over a decade ago, but didn’t dive in until 2017. Thanks to his “ruthless work ethic”, he’s been able to stack up his rental portfolio, make meaningful mentor connections, and join masterminds in only a few years! Adam talks about getting 0% down loans, locking down long-distance real estate deals, doing thorough inspections when buying sight-unseen, and how to start relationships with mentors and real estate professionals you look up to. With a healthy portfolio of rental properties spanning across the country, Adam is the perfect example of someone who found the time to accomplish his (and his family’s) dreams of financial independence! In This Episode We Cover: How to make time for investing with a career, family, and hectic schedule The importance of goal-setting for you (and your partner) Setting specific goals to silo your vision for a brighter future Gaining the experience to get your 2nd, 3rd, or 4th deal (and beyond!) Why you should start “aggressively networking” How to reach out to your real estate heroes (and get responses) Reading and making sense of a pro forma analysis Optimizing your home inspection process (for less!) How to tackle a joint venture (even if it’s your first) How your “why” drives your deals forward And SO much more! Links from the Show Real Estate Rookie Facebook Group Ashley's Instagram Tony's Instagram Brandon Turner's BiggerPockets Profile BiggerPockets Podcast Biggerpockets Calculators Rookie Podcast 29: Growing Your Portfolio with Turnkey Investing with Whitney Hutten and Lance Robinson Check the full show notes here: http://biggerpockets.com/rookie38 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is real estate rookie show number 38
0:05.0	If you've never purchased at home, it's not that difficult.
0:11.0	So just getting that mental block out of the way was huge
0:15.2	for me and gave me a ton your brand new host Tony Robinson.
0:31.6	Hey what's up guys?
0:34.0	Happy to be here.
0:35.0	Happy to be Ashley's new co-host and you know, hopefully I can show you guys some new things
0:40.0	and enjoy this journey with you.
0:42.8	Yeah, so this Tony was on last week
0:45.1	and make sure you guys go back and listen
0:46.9	to hear his story, how he's evolved, grown and scaled
0:49.9	just from when he was on back in, it May I think on the original episode.
0:54.8	Yeah so today is the first guest that we got to interview together on the real estate
1:00.9	rookie and his name is Adam Whitney.
1:04.1	He talks all about doing an investment out of state
1:07.9	because he's in the military.
1:09.4	So he'll talk about two deals
1:11.0	he successfully went through and then even a deal that fell through after a very
1:16.7	expensive due diligence.
1:18.8	And I also like this conversation because he talks about mindset a lot and for me you know a lot of what holds people
1:24.4	back from getting started it isn't because they don't understand the mechanics but
1:27.8	it's because they've got these mental hurdles that they're trying to get
	...

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