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Wealthy Way

He Was In Debt Over $1 Million And Now Owns 75 Rental Properties | Meet Steve Valentine

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 17 May 2022

⏱️ 61 minutes

🧾️ Download transcript

Summary

On today’s podcast I had Steve Valentine on! Steve is a realtor and investor out of Phoenix, AZ and he’s got a very interesting story! We talked about how he got started right before the whole market crashed, and how he had to go through all of these different things. He ended up leaving his family’s business with over a million dollars of debt that he had to pay back on his own, along with investing a million dollars in a business that didn’t pan out! At that time, he ended up getting an REO account during those early days with many foreclosures happening with Fanny and Freddie. Steve talks about how he sold over 5,000 homes during that period. It is absolutely insane to hear how he did that, as well as what is looked like behind the scenes selling homes for Fanny and Freddie and how much he was making. He talked about how his dad represented over 1,000 transactions at the courthouse for these foreclosures. And the worst part about that was that his investors didn’t leave him with any of the houses throughout that time! That heavily influenced Steve in his career to get into the investing space seeing what his dad went through. It’s created the business he has today, where he owns over 75 single-family rentals, helping people all over get rental properties, be creative, and solve problems in the Phoenix market. He talks about his strategy to get 10 deals per month with no marketing! So, if you’re in real estate, this is a super great story! Steve is also one of our trainers at Wealthy Agent, and so I’ve gotten the pleasure to know him, he’s really inspiring to see, and there’s a lot of gold nuggets you can take from the episode!

Follow Steve on social media!
Instagram - @stevedvalentine
Website - https://stevedvalentine.com

Join the Wealthy Way today and get access to my free course, planner, and discord community! https://wealthyway.com
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Steve and his family worked in real estate with his family before investing himself. He and his wife left the business due to differences in opinions. Steve and his wife walked away with $1 million lost and $1 million in debt. This is when Steve and his wife got into the REO space.

He and his wife now own a large rental portfolio in Phoenix, AZ. They own 75 single family homes!

Steve and I talk about all the projects he has going on, his entrepreneurial journey, his future plans, and more!

Transcript

Click on a timestamp to play from that location

0:00.0

On today's podcast, I had Steve Valentine on Steve is a

0:03.3

rilter and investor at a Phoenix, Arizona, and he's got a

0:06.8

very interesting story. We talked about how he got started

0:11.1

right before the whole market crashed and how he had to go

0:14.1

through all of these different things, ended up leaving his

0:17.6

family's business with over a million dollars in debt that he

0:21.3

had to pay back on his own, along with investing a million

0:24.1

dollars into the business that didn't pan out. Throughout that

0:27.7

time, he ended up getting an REO account during those early

0:31.1

days when all the foreclosures were happening with Fannie and

0:33.7

Freddie. And he talked about how he sold over 5,000 homes

0:38.1

during that period. It is absolutely insane to hear how he did

0:42.0

that. Also, what it kind of looked like behind the scene,

0:44.7

selling these homes for Fannie and Freddie and how much he was

0:46.8

making. He also talked about how his dad represented over a

0:51.3

thousand transactions at the courthouse for these four

0:54.1

closures. And the worst part about that was that his investors

0:58.5

didn't leave him with any of the houses throughout that time.

1:01.1

And that heavily influenced Steve and his career to get into

1:05.5

the investing space, seeing what his dad went through. And it's

1:09.6

created the business yesterday where he owns over 75 single

1:13.1

family rentals. He's helping people all over get rental

...

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