meta_pixel
Tapesearch Logo
Log in
BiggerPockets Real Estate Podcast

482: Full-Time Fireman Does 300 Deals While Working 40 Hours/Week

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.816.6K Ratings

🗓️ 1 July 2021

⏱️ 57 minutes

🧾️ Download transcript

Summary

Everybody is busy. We have jobs, kids, businesses, and responsibilities to take care of. Why go out of your way and risk your money and time to invest in real estate? Mike Webb, firefighter, investor, flipper, and wholesaler argues the opposite. Mike says that it’s far riskier to simply rely on your job for the entirety of your income. Mike began his investing career by investing in a side-by-side duplex, rehabbing it, and failing to complete a successful BRRRR. After seeing the cash flow and learning from his mistakes, Mike saw an investment strategy that could carry him to financial freedom. He is still working as a full-time firefighter, but is building his portfolio and completing 20-30 flips per year while he does so. This gives Mike the ultimate freedom to do whatever is best for him and his family, even though he loves his job. In a world where it seems cool for everyone to quit their job, Mike reassures those who like their work that it’s worth staying, especially to keep that investment money flowing. He also walks through his partnerships, how he hires his team members, and what you can do to systematize your business so you can outsource your work as you take on more strategic roles!  In This Episode We Cover: Why you don’t have to choose between a career and investing in real estate Learning from your first deal and using your newfound knowledge to expand Why the 1% rule and 2% rule shouldn’t be the ONLY metric you consider during deal analysis Using the BiggerPockets Forums to meet partners, mentors, and other real estate professionals The “OODA Loop” and why it’s a great tool for organizations Starting a meetup and being in the know with local investors Why working AND investing decreases your overall financial risk And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Podcast 469: Why Do Investors Lie to Themselves? +More Audience Q&A (Pt. 2) (Mike's question) BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene Open Door Capital Voxer Slack Loom WizeHire Google Docs BiggerPockets Events BiggerPockets Facebook Group BiggerPockets Store Brandon's Instagram David's Instagram Check the full show notes here: https://biggerpockets.com/show482 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This is the Bigger Pockets podcast show 482.

0:04.6

I never started this to actually quit my job.

0:07.8

And, you know, I struggle with that sometimes because my friends are either like full-time

0:11.8

real estate investors or full-time firemen and not too many are in between.

0:17.0

So, at the end of the day, I still like my job.

0:19.3

So, once I like my job and enjoy going to work and I'm able to do both things what I'm

0:24.1

doing at this point I plan on seeing it to retirement.

0:27.2

You're listening to Bigger Pockets radio, simplifying real estate for investors large

0:32.4

and small.

0:33.4

If you're here looking to learn about real estate investing, without all the hype, you're

0:37.9

in the right place.

0:39.8

Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com.

0:45.8

Your home for real estate investing online.

0:48.6

Let's go to another one.

0:49.6

It's Brandon Turner, host of the Bigger Pockets podcast here in the seashed with Mr. David

0:54.2

Green.

0:55.2

What's up, David Green?

0:56.2

How you doing?

0:57.2

I'm doing a show today at Mike's story reminded me a lot of me when I was first on the Bigger

1:01.6

Pockets podcast episode 169, crazy that we're at 482.

1:05.3

That is crazy.

1:06.3

I was at 5169.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.