joins us on the show today to tell us how he was able to quit his J.O.B. as a “corporate drone” with passive income through real estate and how one question changed his entire life forever…
What Would I Do If Money Didn’t Matter?
Ryan shares his backstory and the chain of events that ultimately led him to that life changing question… including the final straw, losing a house to hurricane Katrina with a wife who was 8 months pregnant at the time, leaving them with no place to live.
Ryan went into survival mode and after reevaluating life’s events and all that he believed growing up, Ryan realized that hard work was not the formula to success. So, he decided to work smart instead and that real estate was going to be his vehicle. In just one year Ryan grew their net worth to over a million dollars. He and his wife both were able to leave their jobs and they have never looked back!
Since then, Ryan has built two million dollar indoor sports rings in the New Orleans area and traveled the US in an RV for a month with his wife and 5 kids… all from asking the one right question.
Ryan now helps others get to six figures in passive income through real estate investing and today he is going to talk about his unique strategy with us.
He combines 2 strategies:
Quick Nickel—Buying, rehabbing, flipping
Slow Dime—Buying, renting
And, just like in the land niche, he finds motivated sellers and then he becomes the bank. He buys the property, puts minimal work into it, collects a down payment and leases on an option… eliminating the headaches associated with rentals.
What if they default? No problem! He still owns the property, he collects another down payment and puts someone else in there.
Ryan shares all the details of this strategy, plus answers these questions:
- What is your default rate?
- Why isn’t there more people doing this?
- What is the worst advice you have seen?