Episode 195 – Turning $8 into $500K: Ryan’s Tried-and-Tested Steps for Real Estate Success

In this episode of the Invest2Fi podcast, Ryan shares his extraordinary journey from saving $8 a month to building a half-million-dollar real estate portfolio. Ryan’s story illustrates how real estate is the wealth-building strategy, with 95% of the wealthiest individuals owning real estate. Tune in to learn how our guest today completely transformed his financial future in just four years despite the risks and challenges he faced early on.

If you don’t have any formal training or technical skills for renovations, don’t let your worries hold you back! This episode explores how Ryan tackled his first fixer-upper using only YouTube videos and a resourceful mindset. Within just a year, Ryan significantly grew his equity, enabling him to acquire more properties and build the momentum necessary to expand his portfolio.

Ryan’s story is yet another testament that determination and adaptability are all you need to succeed in the realm of real estate. He also emphasizes the importance of adopting a long-term mindset and focusing on the potential for equity growth. Ryan’s experiences remind us that substantial growth is achievable even in such a short period with the right mindset and strategies.

Overall, this episode serves as a potent reminder not to let your fears keep you from living the life of your dreams. It’s time to take action today and build wealth for you and your family’s future. The first steps you’ve been looking for are here in this episode!

—

Watch the episode here

Listen to the podcast here

Podcast Highlights:

[3:45] Ryan’s Initial Financial Struggles
[8:55] Why the Education System Is Failing Us
[12:30] Taking the Leap With Ryan’s First Deal
[16:50] Navigating a Fixer-upper in Denver
[19:10] Why You Can Househack Without Any Technical Skills
[23:20] Overcoming Doubts When Investing
[28:25] Getting Into the Numbers
[34:40] Adopting a Long-Term Mindset for Success
[37:00] How You Should Approach Real Estate
[44:10] Why Real Estate Is the Strategy for Wealth
[52:15] Diving Into Ryan’s Portfolio
[1:02:30] Embracing Your Why