97: Quitting Your Job and Overcoming Real Estate Obstacles with Kyle Pettit

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 20 November 2014

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Itching to quit your 9 to 5 to become a full time investor, but don’t know how to get there? This week, we sit down with an investor who has done just that — despite obstacles that could have discouraged his plans had he not been persistent and kept an eye on his end goal. Listen as Kyle Pettit shares with the BiggerPockets Podcast his story of breaking into the rental and wholesaling sides of the real estate industry, including tips on screening tenants, expanding your marketing reach and tackling the challenges that come with working from home. If you’re struggling to make your mark in world of real estate and wondering when that pivotal point of becoming a full time investor will ever happen, this is the motivation you’ve been waiting for. Newbies and experienced investors alike, don’t miss out on this informative, entertaining episode! In This Show We Cover: Details on Kyle’s first deals The ins and outs of an REO deal What you need to know about hard money lenders The importance of building relationships early on How to be persistent despite setbacks on a wholesaling deal Important information about lease options How to find a good company for screening tenants Getting started with postcards and yellow letter campaigns Why you should always background check the people you work with How to handle phone calls through a virtual phone system Quitting your day job to focus on real estate Tips on finding and handling sellers The keys to expanding your real estate marketing What you should expect being a full time real estate investor Managing distractions and working at home And lots more! Links From the Show BiggerPockets Webinar RealtyShares Hard Money Lenders MySmartMove FreedomVoice Books Mentioned in the Show Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down Making Big Money Investing in Foreclosures: Without Cash or Credit by Peter Conti and David Finkel How to Win Friends & Influence People by Dale Carnegie Rich Dad’s Guide to Investing by Robert Kiyosaki Connect with Kyle Kyle’s BiggerPockets Profile Kyle’s Website Kyle’s Facebook Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast, show 97.
0:05.0	You're listening to Bigger Pockets Radio,
0:08.0	simplifying real estate for investors large and small.
0:12.0	If you're here looking to learn about real estate investing
0:14.8	without all the height, you're in the right place. Stay tuned and be sure to join the millions of
0:20.3	others who have benefited from bigger pockets.com.
0:24.0	Your home for real estate investing online.
0:27.0	What's going on everybody? I'm Josh Dorkin, host.
0:30.0	The BiggerPockets podcast here with my co-host
0:33.0	Mr Brandon Turner what's going on Brandon
0:35.6	now not much it's cold it's freezing cold
0:39.4	oh well i don't like it 50 over there It's like 40 all right you know some miserable
0:44.3	I'm so sad for you yeah we had like the Arctic plunge it was zero for like a week
0:48.8	here it was pretty miserable snow snow we had snow We went sledding which was fun. But yeah. I haven't seen snow in a while.
0:57.0	Yeah, well, you know, that's what happens. That's what happens. All right, so what are we doing today?
1:02.0	We've got a cool show, man. We've got a cool show. We're gonna just cut through all the BS since nobody cares about us and we're gonna go straight to our guest.
1:11.0	There we are Kyle Pettit. Who is Kyle Pettit, Brennan? You brought him on.
1:15.2	Kyle is a buddy of mine. He's one of my good buddies out here in Washington State and
1:19.9	he has a really really good story that if you are listening and you are just
1:25.2	getting started you're gonna love if you've been doing this for a while you're gonna
1:28.0	love even more so it's a really motivating just kind of cool to see how he's
1:31.6	progressed over the last just
	...

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