EP110: Laid Off From His Job and Now Financially Free [Case Study]

What would you do if you were to suddenly lose your job? Would you panic, or could you cover your cost of living? Many investors have their expenses covered because of real estate.  Today’s guest turned lemons into lemonade and started earning a passive income when he lost his job!

On this episode, I’m interviewing new investor, David Amonick. David is here to share his journey into becoming a real estate investor, how he is creating financial freedom, and what it’s like to invest in turnkey properties. Don’t miss episode 110 of Investing in Real Estate!

More About This Show
It wasn’t long ago that David Amonick had what many people would describe as a secure career in an IT department at an insurance company. However, he dreaded waking up every morning and going into work. He always had the idea of real estate in the back of his mind, but didn’t know where to begin.

Early in 2016, he began researching real estate investing. He read books like Rich Dad Poor Dad, and started to learn more about building a passive income. Soon after, he was laid off from what he thought was his safe and secure job.

Days after being let go, he heard an ad on the radio for a free real estate seminar. Since he had no time commitments, he decided to see what it was all about. He learned about many different types of real estate: flipping, rehabbing, and turnkey investing.

When he heard about the advantages of turnkey investing, David knew it was what he wanted to do. He loved the idea of getting started quickly without having to reinvent the wheel. His attention was sparked further when he realized he could purchase homes around $50,000 outside of his home state of New York.

He interviewed several different turnkey providers, and found our team. He was pleased with the answers he was provided with, but most importantly he was impressed with the potential ROI he could earn. It didn’t take long for David to realize that turnkey investing was his niche. He quickly acquired five properties, and is on his way to achieving financial freedom.

On today’s show, David is sharing his entire experience, including his hesitations, strategies, and advice. We’ll discuss his favorite real estate resources, and how to get started as a beginner. David’s willingness to take action is inspiring; you won’t want to miss his story on today’s episode of Investing in Real Estate!

If want to build a passive income through rental real estate like David, book a FREE call with my team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

This guy turned lemons into lemonade and started earning a passive income when he lost his job!

On this episode you’ll learn:

  • What are the benefits of turnkey real estate investing?
  • How can you determine how many rental properties will help you reach your goals?
  • Are properties in the Midwest safe?
  • What methods and strategies has David used to purchase his properties?
  • And much more about turnkey real estate!

Episode Resources
Rich Dad’s Guide to Investing by Robert T. Kiyosaki
Rich Dad Poor Dad by Robert T. Kiyosaki
Real Estate Investing for Dummies by Eric Tyson and Robert S. Griswold
Tax-Free Wealth by Tom Wheelwright
Clayton on the BiggerPockets Podcast
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook