Michael Zuber tells his story of how he went from being an executive to retired using long-term rentals as a side hustle. We are ecstatic. I made a decision a long time ago that I was not going to go into the music business for almost the same reason. I lived through 2008 where the desert of the day were houses. What's stopping you? I thought it was journaling. I bought it and I went down to the closest city because I was out in the county. You have to work on the systems and on it as a business owner does. It’s our story.”, I like that you did it like that. I found Rich Dad Poor Dad that only talked about rentals. I found one thing that worked and I put all my chips on that number. First and foremost, I believe real estate investing and the path that I followed tests you for ten years. This is not a how-to episode, but there is a lot of lessons to be had out of listening to someone’s life story. I read that book five times back to back. I bought it $107,000 and rented it $1,100. Why real estate? It’s not hard to figure out. However, it did change my life. I like the comparisons of the two stories. Best Podcasts Recommended by us. We got to eight. You’ve figured out how to get someone between you and those issues if you’re not good at them or you can’t stand them anymore. He says, “Just owner finance them. I supposed there’s a little segment that goes under a bridge, but we’re not talking about that. Go to the bank then and get out of the 15% loan or call your friends and tell them, “Who wants to make 10% or 8%?” or whatever, but fix it later. Learn More . I chose storages because it is the path of least resistance to a renter. No one in that neighborhood could get a loan to save their life even if the house would qualify for a loan. You have a way of making complicated things rather simple to understand. See where to start, the most popular, all episodes & similar podcasts. Podcast: https://podcasts.apple.com/us/podcast/one-rental-at-a-time/. People might be going, “Mitch, why are you interviewing this guy with rentals when you hate rentals?” I say, “I don’t hate rentals. On my 30th birthday, I realized I had wasted my twenties. My circle of influence when I was 30, 90% of the people I worked with made my amount of money or more and they spent it all. If you are a landlord of affordable housing, if you look at the Monopoly board, think of the light blue and the orange that is on that side of the board. What’s going on? Are you familiar with Lonnie Scruggs’ Deals on Wheels? They send you a mortgage payment. I tried to write a book that will outlive me by 100 years. How to Start your Journey Michael % COMPLETE FREE How to Start One Rental at a Time Available until . Figure out how to set up shop and have a real business. I was buying a house a day until I scared the crap myself. One of the greatest things you said was you have to live below your means. I bought everything I fundamentally could. You had the support of your wife and you both said, “No, we’re not running from this,” and that’s good. If they can’t buy, they have to rent. I tell everyone I graduated from La Calle U. Calle means the street. We take a bite-sized portion and enjoy life one day at a time. For more infor You’ve got a geek that goes into real estate that writes a book. I knew that wasn’t what I wanted. Thank you all for stopping by to get you Michael Zuber. The biggest stopping block for a lot of people is like, “I only got $1,000 to put into the thing. It could be a good deal in the real estate investing business. I always made money. Read the book and learn how One Rental at a Time can lead to financial independence. Let’s say I was making $1,000 or something like that. Podcast Academy Learn podcasting ☰ MORE | Login. Yes, I was a geek. I have often said and I expanded that if there’s such a thing as a recession-proof business, the owner-finance strategy was one of those businesses. Most of them, some substance that I wanted no part of. I’m either on or off. I did create an online course because many people have read the book and said, “How do you do it?” A lot of people are thinking about investing out of their area. I call it playing good defense. I have a goal to try to create something that outlives me by 100 years. One Rental at a Time Works Available until . You have to go back and pile the money that you made back in to get it ready for the next renter on many occasions, not all occasions. var top = ( screen.availHeight - 500 ) / 2; Rents go up when the demand goes up. It’s not a high-rise facility. If no one can buy a house, what do they do? You have a business that you cannot work in because it’s too far away. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Most of the people that made my income spend it all. We can save you hours of time searching and we only connect you with the most reputable podcast studios. ); That was a crazy seller’s market. With rentals, did you find that it starts slow? He says I didn’t teach them how to do anything in that book. What have I done?” My doctors were my investors. It included rents because my owner-finance price was based on the rents. ... Top Podcasts In Health & Fitness See All. After wasting time and money in his 20’s he found Real Estate Investing and more specifically Buy and Hold Rental Properties and never looked back. It doesn’t matter. A couple of them had heart attacks. My balance sheet went down but I don’t care. Watch those 37 little videos and it will blow your mind. function proi_pcp_social_popup( aElement ) { If you get yourself a job, then what’s the point? They have to work for the next 30 or 40 years to survive. I had a student there and I learned that that’s one of the few places. How do you get started - How do you make Progress Every Week - Does Life Get in the Way - What is Next, Grab Your Copy of My Book on Amazonhttps://amzn.to/2X41yzh✅ Learn More About Our Course Here!http://bit.ly/ORATTcourse❓Questions Get in Touch and Drop Us A Line!http://bit.ly/askzuberLet's Connect!Facebook: https://www.facebook.com/onerental.atatimeTwitter: https://twitter.com/ZuberGoToMarketLinkedIn: https://www.linkedin.com/in/michaelzuber/Website: https://onerentalatatime.com/Podcast: https://podcasts.apple.com/us/podcast/one-rental-at-a-time/, Real Estate Investing in 2021 is going to be exciting and full of Opportunity, How do the Over Achievers Maintain the Fire over months and years and Others Fail past Month One, Review a Deal, ADU QA, What Market Should We Chose, How to Get Started Right, Celebrate Success, Does Events of January 6 2021 Change How We should Evaluate Multi Family - Single Family Real Estate, Rich Dad Poor Dad - What People Get WRONG After Reading it and How did it Help Us move forward. 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