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Creative Capital

Creative Capital Podcast 187: How To Retire The W-2 Job And Become A Full Time Real Estate Investor with Mike Dehaan

Creative Capital

Josh Ferrari

Investing, Business

51.1K Ratings

🗓️ 12 August 2022

⏱️ 55 minutes

🧾️ Download transcript

Summary

Mike DeHaan started his working life in a typical fashion, going to college and by age 26 was making 6 figures at a cushy corporate job, but he was miserable. After a deep battle with depression at the age of 28 he jumped ship from the corporate world and gave up all his income with no plan and no concrete direction of where to go or what to do. He spent the next 2 years working side jobs, driving for uber, and barely scraping by while trying a medley of different businesses. From ecommerce, dropshipping, marketing, working for a startup, coaching, if you name it he tried it.

His goal was to have a fully location independent business that could not only generate income, but also generate wealth and could be easily grown and scaled with staff and systems. Ultimately this is what led him to becoming an Off Market Real Estate Investor (Wholesaler) beginning January of 2020 by joining a mastermind that gave him the coaching, accountability, and community to commit and take things to the next level.

Two years later, Mike has hired staff and improved his systems to now have 17 staff members and is doing deals in 9 different markets. Their business model now is to keep the best properties they find and wholesale/flip the properties they don’t want for the long term. As of now his rental portfolio consists of 48 doors, with an estimated value of just under $10m. He has also completed over 100 deals in the last 2 years and now generates more passive rental income than he used to make in his 6 figure salary. He even achieved his goal of having a location independent business as his company continues to close deals while he regularly travels the country, and the world.

If your goal in real estate investing is to quit your W-2 and go full time in your business, then be sure to tune in today, because today is chock full of golden nuggets of wisdom of how Mike and I were able to go full time in our businesses and ultimately leave Corporate America!

Transcript

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0:00.0

You're listening to the Creative Capital Podcast.

0:08.1

You're dying to learn about how you can create wealth and real estate investing, then you

0:11.6

come to the right place.

0:13.7

Join in every week as we go over the ins and outs of real estate investing and learn

0:18.2

how you too can become financially free.

0:21.4

It's not even about who you know, it's about who knows you, right?

0:26.7

I have to re-carry that same process into my business now, but you know, as you're

0:30.6

going through it, you can work so hard, you can be the smartest one in the room, but

0:33.9

it doesn't matter.

0:34.9

And these giant corporate environments at all, you know, and that's when I really realized

0:39.2

I could not work there.

0:40.7

What's going on, everybody?

0:42.4

This is Josh Ferrari, host of the Creative Capital Podcasts, and once again, we're back

0:49.8

with another fantastic episode on something near and dear to my heart, because as most of

0:55.6

you know, I recently just quit or retired from my W2 job now full-time entrepreneur, full-time

1:05.0

real estate investor in my business.

1:07.6

And so what we're talking about today is a little bit about my journey, but more specifically

1:12.6

about Mike Nahan's journey and how he was able to retire his day job and go full-time

1:20.4

in his real estate business.

1:21.4

Now, he's not actually doing multi-family.

1:23.6

He actually has a wholesaling and flipping real estate business.

1:28.7

So this is a little bit of a different niche, but still nonetheless, super awesome.

...

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