How To Quit Your Job With Real Estate Investing | Micheal Zuber

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.8 • 2.1K Ratings

🗓️ 12 February 2024

⏱️ 88 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Meet Michael Zuber, who built a real estate portfolio while working a full-time job, as he shares invaluable insights on disciplined time management, the challenges of building a rental portfolio, and strategic investment decisions in this eye-opening interview.
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Want to be coached by me on real estate investing? Join our Wealthy Investor program today at https://wealthyinvestor.com/
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Watch Ryan’s presentation on legacy now - 40 Minutes That Will Change Your Life Forever - https://youtu.be/uimitUn3wxI

Watch Ryan’s video about his business struggles and how he overcame then -
Real Estate Reality Check: My Multi-Million Dollar Loss Story | Ryan Pineda - https://youtu.be/GJXuZX66J7c

Connect with Michael!
Website - https://onerentalatatime.com
Instagram - https://www.instagram.com/onerentalatatime/
YouTube - @OneRentalataTime
Watch their previous episode - How To Build a 180-Property Portfolio While Working a Full-Time Job | Michael Zuber - https://youtu.be/I8mJUqgP14M

Michael Zuber has built his real estate portfolio while working a full-time W2 job. He’s been fortunate enough to love his W2 job, but many don’t love their career and want to go full-time in real estate or some other side hustle.

If you do something from 5 - 9 PM for a couple of days every week, you’ll have something significant in a decade or less. Ryan started flipping houses and became a millionaire in only a few years. What people don’t understand is that he was developing his skills for years.

Michael left his career in early 2018 and soon started feeling very depressed. He felt like he wasn’t contributing and had no purpose. He started his YouTube channel and released 5 videos per day! He created over 1,000 videos, and no one was watching! Michael was so dedicated to creating something that will outlast him; he kept creating.

Michael shares his journey growing his portfolio. He shares how he and his wife’s incomes funded their lifestyle, but all cash flow from rentals went towards growing the portfolio. Now, Michael has amassed 180 rentals! He shares that the portfolio hadn’t seen any serious cash flow for the first 5-6 years. So, if you’re trying to get some supplemental income, rentals aren’t the best choice in the short-term picture. You will not be financially free in rentals until about year 10, and it’s not an easy journey.

Americans have an average of 4 hours of discretionary time per day. How do you spend this time? If you want a different life, you need to spend this time differently than you do now. Michael also brings up the point that you may also need to find new friends. Ryan and Michael discuss how people can utilize their discretionary time and money to invest in their future. You can save money by cutting expenses, but it’s also great to pursue more income. Using both strategies will teach you discipline and increase your investing budget.

How do you choose where you invest? Michael’s advice is to live where you want and invest where the numbers work. Sometimes this can be where you live, but sometimes they're not! Ryan and Michael discuss how Michael analyzes deals and what specific details people should look for when deciding on deals.

Transcript

Click on a timestamp to play from that location

0:00.0	Do you want to work 40 hours for 40 years to live on 40%?
0:03.0	That sounds hard and sucks.
0:04.4	If you do something from 5 to 9 a couple of days a week,
0:07.0	you will have something in a decade.
0:08.7	Real estate is the one thing that anyone can do.
0:10.8	I don't care where you're from, how smart you are, your height, your weight, how ugly you are,
0:15.3	does not matter. If you can stack four assets over eight years, your future will be bright.
0:21.5	How did you do it during your career?
0:24.7	The key to doing it faster is to get...
0:26.8	What's up, Wealthbitters?
0:30.2	Today, I've got somebody who absolutely crushed it last time he was on and he talked about how he got 180 units
0:38.4	While he was working W2 and he was able to replace his job and his income to six-figure incomes in fact and became financially free or real estate.
0:47.0	And for me, I never had anybody on who did it this way because all my guests are always usually starting out flipping and wholesaling
0:53.7	just like I did and people who never had a successful job and so real estate and wholesaling
0:59.5	was that successful first kind of career for them and so I believe that this resonated with a lot of
1:05.5	people because most of you do have a job and you're trying to figure out how to become financially
1:10.0	free and real estate so I wanted to invite this man back on, I got Michael Zober. What's up?
1:15.2	Hey man, thank you for the opportunity. That episode did really well for me. You were responsible for getting me over
1:20.3	50,000 subs, this means we got to throw a party in Vegas next month, actually 30 days from today.
1:25.8	So that's amazing.
1:26.8	A lot of fun.
1:27.8	We'll see if we can get you to swing by for a few minutes.
	...

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