Good morning,
Buying that first rental property is a major step forwards financial security. Do you remember how long it took? Saving up, Analyzing Deals, Making Offers, and then finally getting one accepted. For some it takes years.
Which is why we are celebrating an investor’s first foray into the rental property game. It is my pleasure to introduce you to Mike from Inspired Landlord!
How many doors do you have?
Just bought my first one!
What got you into real estate investing?
“I’ve been searching for ways to become financially free for years. I tried stocks and side hustles. I still have those, but about six months ago, I became obsessed with learning about real estate investing & becoming a landlord.”
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What market do you operate in?
“Southeastern Massachusetts”
How would you describe your portfolio?
“1 condo so far, but planning to buy 3-5 more properties over the next three years.”
What are you currently buying?
“My next property will either be a single-family or a two-family.”
Tell us about your biggest mistake in real estate?
“Not starting earlier!”
Tell us about your biggest win in real estate?
“Landing my first deal. I used a little bit of psychology and timing to get a good, cash-flowing deal.”
Outside of real estate what else do you invest in?
“Myself, my family, and the stock market”
Books people should read before investing
“Rich Dad Poor Dad”
What advice would you give to a new investor?
“Talk to landlords & real estate investors. Do your research. Make sure the deal cash flows nicely. Jump in and learn along the way!”
Episode 31 – Poverty to Prosperity with Lawrence Briggs — resilientrei.bio.link
Growing up in the B.W. Cooper Projects, Lawrence experienced firsthand the challenges of living in poverty. However, his mother worked tirelessly, holding down two jobs to send him to private school and give him the best education possible.
Through grit and determination, Lawrence has now become a successful real estate investor, owning three properties and serving as a financial role model for dozens of people.
Enough Business
“The man who is persistent will surely win.”
Calvin Coolidge
Monday’s Podcast:
Jeremy Taggart – 30 (rentals) before 30
