398: Net Worth Of $2.2M - Cashing in on Tulum, Mexico: Former Baseball Umpire to Engineer to RE Investor

Millionaires Unveiled

Jace Mattinson

Investing, Millionaire, Financialplanning, Business, Self-improvement, Education, Finance

4.8 • 872 Ratings

🗓️ 24 February 2025

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Adriel shares his journey from being a baseball umpire to engineer to becoming a full-time real estate investor. He discusses his initial foray into real estate, the challenges he faced, and how he diversified his investments, including a vacation rental in Tulum, Mexico. Adriel also reflects on market changes and his future plans in the real estate sector. In this conversation, Adriel shares his journey in real estate investment, discussing his experiences with cryptocurrency, the current state of the real estate market, and his future financial goals. He reflects on the importance of diversifying investments, the challenges posed by market fluctuations, and the lessons learned throughout his career. Adriel emphasizes the significance of taking calculated risks and the value of learning from past decisions, particularly regarding retirement accounts and investment strategies.

Takeaways

*Adriel transitioned from engineering to full-time real estate investing.

*His first property was a full gut renovation bought for $17,000.

*He financed his first deal with help from friends and credit.

*Adriel learned the importance of cash flow in real estate.

*He pivoted to flipping and wholesaling after initial rental experiences.

*In 2021, he decided to quit his engineering job to focus on real estate.

*Adriel purchased a 14-unit apartment complex with his savings.

*He invested in a vacation rental in Tulum, Mexico.

*Market changes have affected his investment strategies.

*Adriel maintains a diversified portfolio, including crypto investments. Adriel's portfolio includes both real estate and cryptocurrency investments.

*He sold a portion of his Bitcoin to recover his initial investment.

*Maintaining cash reserves is crucial for managing real estate properties.

*Adriel transitioned his 401k funds into real estate syndications after leaving his job.

*He regrets not contributing more to his 401k during his employment.

*The Houston real estate market is currently facing challenges due to oversupply.

*Adriel believes in the long-term implications of population decline on real estate values.

*His target net worth is around 10 million dollars.

*He continues to invest in real estate despite market uncertainties.

*Adriel advises new investors to embrace fear as a sign of growth.

Transcript

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0:00.0	Yeah, I would say if you're doing something that scares you, you know that you're on the right
0:05.5	path and you're growing. Because I think I look back in all the times where I've made big
0:10.3	leaps of progress are times when I was really scared. Like when I bought that first house for 17K,
0:17.3	I was so anxious I couldn't sleep for like two days because, you know, my first deal,
0:21.9	if I lost the money, I lost my friend's money.
0:24.6	So couldn't sleep at night, but that first deal, you know, set the trajectory for my real
0:28.6	estate investing.
0:29.8	Same thing when I bought that first apartment complex.
0:32.1	And anything that was a major or big step in my real estate career was a lot of fear, but looking back, it helped me grow
0:40.2	exponentially after that event or that thing had passed.
0:44.7	Welcome millionaires and future millionaires. You're listening to the Millionaire's Unveiled
0:49.7	Podcast. The show where you'll hear the stories and interviews of everyday millionaires
0:54.1	will unveil their decisions, their strategies, and their portfolio. The show where you'll hear the stories and interviews of everyday millionaires will
0:54.5	unveil their decisions, their strategies, and their portfolio allocations.
0:59.8	Now to your host, Jace Mattinson.
1:05.4	Welcome back to another episode of Millers and Belb Podcast.
1:07.9	This is episode number 398.
1:12.7	Man, we got so much going on in the world today. It's going to be interesting to see how all this plays out financially on the
1:18.3	global front and the personal front. But today we've got episode with Adriel. He's got a net
1:25.4	worth of 1.8-ish to 2.2.
1:29.0	A little bit of variation there, depending on how some of his assets are valued.
1:34.1	Young, he's in his early 30s.
	...

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