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In my experience talking to potential investors, it's easy for people to come up with excuses why they're not fit to become a real estate investor. Whether it's a personal circumstance or finances, most of these excuses tend to be limiting beliefs that aren't true. One of the biggest excuses that I frequently hear about is debt.
Debt can seem debilitating, but it isn’t a reason to give up on your investing dreams. Today’s guest is living proof. In a matter of just three years, Connor Steinbrook went from facing bankruptcy to building a multi-million dollar real estate company. On this episode of Investing in Real Estate, Connor is sharing his struggles and triumphs, how he got into wholesaling, and much more!
More About This Show
Connor Steinbrook has an unconventional background. He began his career as a professional poker player. In fact, he was one of the top online poker players in the US. But like with any job, Connor's livelihood was suddenly stripped away one day.
In 2011, the US government closed down all online poker sites. After a decade long career, Connor was unsure how he would make ends meet. He jumped into a few different occupations, but nothing seemed to stick.
From watching home renovation shows, he discovered flipping. He realized that if he could flip just two houses, he could replace his income. Connor attended a free seminar and got pitched the dream. He went into massive credit card debt in order to pursue this venture, and eventually ran out of funds for marketing. Although his flipping journey was unfruitful, Connor felt he should continue pursuing real estate.
When he learned about the power of wholesaling at a local real estate investing meeting, things began to change. Connor learned that if he could connect wholesalers with buyers, he could get involved with no money, and make a profit. Connor has built an incredibly successful career as a joint venture wholesaler in just a few short years. Additionally, he has built his own buy and hold portfolio, and he helps others jumpstart their investing careers through home study courses.
On today's show, Connor is taking us through his entire journey. He'll talk about his debt, and the systems he's put in place to make his business successful. We'll discuss Connor's reading list, and the benefits of wholesaling. If you've ever wondered how to begin investing with debt on your shoulders, this episode is for you!
If you’re ready to begin building a passive income through rental real estate, book a FREE call with our 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.
On this episode you'll learn:
- What are the benefits and drawbacks of wholesaling?
- Why is follow up so important?
- Where should you look for wholesaling deals?
- What expenses does a joint venture wholesaler have?
- And much more!
Rich Dad Poor Dad by Robert Kiyosaki
Never Split the Difference by Chris Voss
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