He Owns Hundreds Of Rentals | Meet Tarry Summers

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.8 • 2.1K Ratings

🗓️ 29 April 2022

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s podcast I had Tarry Summers on. Tarry has hundreds of rentals in the Ohio market. We talk about about what it was like for him to build that up. He actually took a very different route than I did where he need up buying rentals first, while living on his friend’s couch for $250 per month. He continued to live very frugally. Eventually, he was making over $10K per month in positive cash flow. From there, he ended up scaling to do flips, wholesaling, and other businesses like owning a gym! It’s really cool to hear his story, as well as some of the things we both see in today’s current market. He goes in depth on why he’s liquidating a bunch of his rentals, so make sure you stay tuned to see why he’s doing that and how it may affect you!

Follow Tarry on social media!
Instagram - @tarrysumms

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Tarry’s goal was to make $10K per month through his entrepreneurial career. Then, he began other endeavors and actually started losing money! After reflecting on how he made the most money, he decided to scale those endeavors.

Tarry and I discuss the current real estate market and how we think it will change this year. We also discuss how investors can adapt and follow the trends.

Listen in to hear all about Tarry Summer’s journey to hundreds of rental properties, gyms, his thoughts on the future of real estate, and his mindset.

Transcript

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0:00.0	On today's podcast, I had Terry Somerson and Terry has hundreds of rentals in the Ohio market.
0:06.8	And we talk about what it was like for him building that up. He actually took a very different route than I did where
0:12.7	he ended up buying rentals first while living on his friend's couch for $250 a month.
0:18.3	He ended up just continuing to live very frugally and eventually got to make an over $10,000 a month in
0:24.8	positive cash flow from there. And it upscaling to doing flips and wholesaling along with other businesses
0:31.2	like Jim and other entrepreneurial endeavors. So it's really cool to hear his story as well as
0:37.5	some of the things that we both see in today's current market. He also goes in depth on why he's
0:42.3	liquidating a bunch of his rentals. So you want to make sure that you stay tuned for that so you can
0:47.4	see why he's doing that and how it might affect you. So with that being said, let's jump into the
0:51.7	podcast. Welcome to the Ryan Penaedish show. Where our mission is to invest. I only expect to make
0:59.3	money and things that I understand. It's about believing in the future and thinking that the future
1:03.9	will be rather than the past can inspire. I am much more likely to hit my goal just due to putting it
1:09.6	out there. Now we're rocking with the best. What's going on everybody? Welcome to another episode of
1:16.3	the Ryan Penaedish show today. I've got somebody from Columbus, Ohio, who's got two over 250
1:24.5	single family units. That is tough to accomplish, dude. I've gotten another than Terry Summers. What's
1:30.0	that man? What's going on man? We've actually been selling a lot of stuff off. Oh really? Taking advantage
1:33.8	of the market. Yeah. I don't blame you. Yeah. Trying to try to cash in a little bit, you know.
1:38.1	Trying to take some chips off the table. I'm with you. I've actually kind of been thinking about
1:42.3	that recently, not in terms of my rental properties, but not flipping so much and starting to wholesale
1:48.5	more and other stuff like that. Yeah. It's just, I don't know man. It's like that time, you work for
1:53.8	so long and it's like you want to see the money in your bank account and settle on your balance sheet.
1:57.9	Exactly. Yeah. Then you get a wife and some kids and you get a lot more expenses than before.
	...

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