Episode 155 – Failing on His Second Deal and Still Coming Out on Top: A Conversation with Kyle Swengel

Our guest today has zero regrets about buying real estate and figuring it out along the way. After realizing he was paying his buddy’s mortgage, Kyle repriortized his life and bought his first investment. In this week’s episode we hash on the importance of getting started early, Kyle will tell you himself, you will not regret buying real estate.

If you’ve been eyeing a duplex or triplex to flip, this episode offers plenty of insight for potential investors. Due to Kyle’s extensive experience with excellent and bad deals, he shares horror stories to avoid! We also discuss the pain of losing money on bad deals and how to bounce back immediately.

Money matters might be taboo, but today, we’re getting straight to the numbers: Kyle’s buying prices, the rent he charged, and the mortgage he paid off. Our conversation also highlights the key to charging tenants the right amount for utilities. Curious about financing? Tune in to learn from our guest’s expertise in finding the right real estate lender, financing options, and different types of loans.

Whether you’ve just started learning about the industry or are a serious investor, this episode provides an authentic inside look at what it means to take the leap and invest in real estate. Learn more about the technical know-how required and how the power of achieving financial freedom can secure not just your future but your family’s as well!

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Watch the episode here

Listen to the podcast here

 

Podcast Highlights:

[6:05] Embarking on the Journey to Financial Freedom

[8:30] Why Every Investor Wishes They Started Sooner

[13:15] Types of Lenders, Loans, and Financing 101

[21:42] Diving Into First Real Estate Deals

[25:40] On Finding New Tenants

[32:00] Lessons in Failure: Investing in a Bad Neighborhood

[33:40] Can’t-Miss Advice for Aspiring Investors

[35:40] High Risk, High Reward: Why It’s Perfectly Fine to Lose Money As An Investor

[43:00] The Importance of Being an Adaptable Investor

[46:50] Paying It Forward: House Hacking for Your Parents

[56:00] Kyle’s Number One Why

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ImportantLinks

HOSTS   
Craig Curelop   
📸 Instagram: https://www.instagram.com/thefiguy   
📘 Book: https://store.biggerpockets.com/products/the-house-hacking-strategy   
🏘️ Buy Real Estate: https://bit.ly/3V3QDze   

Ali Garced
📸 Instagram: https://www.instagram.com/ali_the_agent/ 
📱Facebook: https://www.facebook.com/aligarced 
💼 LinkedIn: https://www.linkedin.com/in/alexandragarced/ 
🖥 Website: https://www.garcedrealty.com/ 

GUEST

Kyle Swengel
📸 IG: https://www.instagram.com/highaltituderei/
💼 Linkedin: https://www.linkedin.com/in/kyle-swengel-5171168a/
📞 Personal Number: 661-347-5097

Check out their recommendations here:

🔗 Affiliate Links 

1. Don’t miss out on resources of great value for real estate starters. Visit FITeam’s website! — https://www.thefiteam.com/
2. Check out his book recommendations here:
   1. BiggerPockets’ The Real Estate Podcast – https://www.biggerpockets.com/podcasts/real-estate
   2. The Landlord Diaries by FurnishedFinder – https://www.furnishedfinder.com/Resources/podcast