Moving from Wholesaling to Buy and Hold with Brian Ellwood - Episode 530
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 3 October 2019
⏱️ 28 minutes
🧾️ Download transcript
Summary
On today’s episode of Investing in Real Estate, I’m joined by Brian Ellwood, a real estate professional who retired by the age of 30 thanks to passive income. Brian’s passion is teaching others how to replace their income by acquiring rental real estate.
In this interview, Brian is sharing his inspirational story of quitting his job, getting involved with wholesaling, and becoming a buy and hold investor. We’ll discuss the power of setting clear goals, getting in the right mindset, and how to find your place in the real estate industry.
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Transcript
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| 0:00.0 | Hey Freedom Fighters, |
| 0:03.0 | Fighters, |
| 0:05.0 | Fighters, Welcome into the Investing in Real Estate Show. |
| 0:09.0 | I'm Clayton Morris, so great to have you here. |
| 0:11.0 | Today we're going to talk about leaving the transactional world of wholesaling behind in favor of doing what I love and absolutely love doing, which is buy and hold real estate. So you gotta get move away from that paycheck in order to buy those performing |
| 0:25.2 | assets. We have a special guest on the show today who is the author of the book Fire |
| 0:29.8 | Yourself. He's also the host of the Twelve Houses to Freedom Podcast. His name is Brian |
| 0:34.8 | Elwood and he's done something similar to my journey. Brian, welcome to the |
| 0:38.2 | show. Thanks for having me, Clayton. Glad to be here. |
| 0:41.1 | Great to have you here on the show. |
| 0:43.0 | You're out in Denver, Colorado, which I guess is you and I were talking beforehand many years ago |
| 0:47.1 | might have been a good buy-and-hold market, but chances are it's not anymore, right? |
| 0:51.6 | It's just a place to live now so you then invest outside of your |
| 0:56.8 | comfort zone outside of where you live in Denver is that right yeah all my rentals |
| 1:01.1 | are either in Tennessee or Alabama. |
| 1:03.0 | Tennessee or Alabama, okay, areas I know and love as well. |
| 1:08.0 | So take us back. |
| 1:09.0 | How did you get started? |
| 1:10.0 | Obviously, we talked about wholesaling, but taking me back how you got started with real estate investing, |
| 1:13.7 | what did that look like for you and when did you make that pivot? |
| 1:16.7 | Yeah, I had the pretty typical story of having a lot of crappy jobs that I didn't like and |
| 1:22.1 | got the college degree, got the corporate job, and I really |
... |
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