404: How a Mailman Was Able to Quit His Job Through Real Estate Investing with George Gipson

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 1 October 2020

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

We frequently talk about networking as a real estate investor: for example, talk to your mail carrier because they likely have seen opportunities in your neighborhood. But what if you are the mail carrier? Today’s guest, George Gipson, worked for the USPS when he started investing, which seems like the perfect opportunity for finding deals. But as with any start in real estate investing, it isn’t always as easy as it seems. In today’s episode, we talk about taking action and committing to yourself - to ensure that those key opportunities actually work in your favor. We also talk about how important it is to learn your personal finances before diving into investing, plus how George used house hacking and short-term renting to reach financial freedom at an early stage of his investing. He’s even quit his job at USPS now so he can focus full-time on real estate. This is a real story about getting it done and seeing your own potential. In This Episode We Cover: Investing that doesn’t meet your standard rules of thumb Overcoming issues that might be deal-breakers for other investors Living for free through house hacking and short-term renting Setting up your short-term rentals for success Utilizing your network to find deals Pushing through your commitment to yourself, even when it isn’t easy Finding the path in life that’s right for you And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Marketplace Realtor Zillow Trulia BiggerPockets Podcast 393: Campus Maintenance Man to $10M in Real Estate Owned with Rick Jarman BiggerPockets Shirt Check the full show notes here: http://biggerpockets.com/show404 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast Show 404.
0:03.2	If you just tell everybody what you do, I told all my coworkers,
0:07.2	the babysitter, aunts, aunts, if you tell people what you do,
0:11.8	it's always somebody in a situation where they need to get rid of a house.
0:15.0	You're listening to Bigger Pockets Radio, simplifying real estate for investors large and small.
0:22.0	If you're here looking to learn about real estate
0:24.2	investing without all the height, you're in the right place. Stay tuned and be
0:29.2	sure to join the millions of others who have benefited from BiggerPockets.com.
0:34.1	Your home for real estate investing online.
0:37.2	What's going on everyone? It's Brandon Turner,
0:38.5	hosted the BiggerPockets podcast here with my co-host,
0:41.4	Mr David Green.
0:42.4	Welcome to show 3 99 David how you doing I
0:45.3	couldn't be doing better I'm on the bigger pockets podcast actually I could be
0:49.5	doing better I'm very sore I kicked my own butt this weekend running and hiking in the woods and so I feel really good but I'm definitely tired.
0:57.1	Getting the goods in the woods as our friend Tim would say.
0:59.9	Yes he would and it rhymes so everyone here that just heard this will remember it.
1:03.4	They will remember it, yep. Anyway, what's up, man? I know you've been working out a lot, you've been getting
1:08.7	all in shape and stuff and looking good, but... All the gyms are closing California is driving me. Crazy. Run-in's work out. All the gyms are closing California. It's driving me.
1:13.3	Crazy. Run-in's working out. That's the same thing. Whatever. I guess I think of working out like lifting weights and I think of running like just hell.
1:20.0	You gotta go like, you gotta, you gotta, my buddy Mike says like what he calls it farm fit or something like that is like you got to get
1:26.8	and get in shape of what you have around your house so like benching cows they use
	...

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