How to make 100000 in your first year in Real Estate

In this video, the speaker discusses multiple ways to make six figures in the first year of real estate investing. They emphasize that it is possible to achieve this while still working a full-time job. The key is to be efficient with time and to educate oneself through podcasts, videos, and mentorship. Taking action is also important, such as analyzing deals, networking, and making offers. The speaker also addresses the issue of money, stating that finding different sources of funding, such as credit cards or private money, is crucial. They discuss the different paths in real estate investing, including house flipping, wholesaling, and rental properties. However, they suggest that long-term rentals may not be the fastest way to reach the six-figure goal. Today you're going to learn multiple ways to make six figures your first year in real estate investing. Now, for many of you, you probably have a full-time job doing something else, but that will not stop you. You can make six figures your first year in real estate with it as a side hustle. So don't think you got to go quit your job right this moment in order for this to be successful. So in this video, I'm going to give you some mindset shifts that you'll have to make in order to be successful. And then I'm going to give you some tactical ways to go about making that first $100,000. If you're new to my channel, my name is Ryan Pineda. I'm real estate investor and entrepreneur. I flipped over 500 homes. We currently manage over 550 rental units, and I've started seven businesses that are doing over a million dollars a year in revenue. Now, before we go into the tactical side of things and how to actually go about making the $100,000, there are two things that we have to address before you ever get started. And those two things are time and money. Now, look, no matter how much money you're currently making, time is the one asset that none of us can just have more of. We're all limited by the same 24 hours in the day. We all have different dreams and ambitions that we want to achieve. And so none of us will feel like we have enough time to accomplish everything we want to accomplish in life. But I'm here to tell you that if real estate is a priority for you, then you can make it happen. For me, I'm 34 years old right now. I'm going on my 10th year of marriage. I've had two kids and I have a third on the way. I got to manage all the businesses and real estate that I mentioned before, and I'm constantly sourcing new business deals and new real estate deals. And even with all those things going on, I'm still able to have enough time to do all the things in my life that I want to do. This is essentially what The Wealthy Way is about. It's a book I wrote last year that goes over step by step on different principles for time management, goal setting, and what life is really about. But nonetheless, if you are currently working a nine to five or something similar, then you're going to have to be really efficient with your time, especially if you don't plan on quitting. On all of the hours outside of work and whatever your other responsibilities are, you are going to have to eat, sleep, and breathe real estate investing. And it first starts with educating yourself. Back in 2015, when I was just getting started flipping, I was listening to podcasts all day every day. I probably listened to them for two to three hours a day. At the time, there wasn't TikTok, there wasn't YouTube videos like this, and podcasts was really all that we had. And even though that got me to a certain point, at the end of the day, I realized that what I was missing in my career was mentorship. Very few people figure out real estate investing on their own by just watching videos or reading about it. Most figure it out because they get a mentor who's already done it before, and they have that mentor walk them through step by step what is needed. If I had to guess, I would say that your chances of succeeding in real estate investing will go up by at least 100x if you have mentorship. Because the reality is, most people who watch videos like this don't ever end up doing anything. Those who find a mentor and a community are the ones who end up having way more success. And if you're looking for a coaching program where you're going to get mentorship, you're going to have an awesome community, you're going to have amazing events, then we can help you at my company, Wealthy Investor. We've trained thousands of students nationwide on how to get their first deal and eventually scale their real estate investing business. If you want to learn more about it, you can go to wealthyinvestor.com to book a call with my team today. Now, even if you don't want to go through my program, I still advise that you get some kind of mentorship, whether it's locally with somebody who's crushing it, or even if it's with some other guru. Point is, you're going to have way more success the moment that you have a mentor versus trying to do this on your own. Now, once you have a foundation for education and you understand how real estate investing works, you know how to find deals, you know how to analyze properties, you know how to find money, then you need to start taking action on the education that you're learning. And so when I talked about eat, sleep, and breathe real estate, it's not just for learning. That may be the thing that you're doing the most of in step one, but once you learn a good amount, then it's time to start taking action and start actually making offers. Start analyzing deals, start visiting properties, start networking and going to events with other investors. Education and learning are still going to be part of that, but you've got to find that balance between constantly growing in your mindset, but also taking action so you can get results and make money. Eventually, if you keep doing this correctly day in and day out, you'll be able to quit your job and go full time at real estate investing if that's what you want to do. Now that we've talked about time, let's talk about the other thing that holds people back, which is money. Here's a quick little secret about money. Nobody has enough of it. Right now, you're probably at this point in your life where you're saying, I don't have enough money to buy real estate. I don't have enough money to invest in coaching. But the reality is none of us have enough money. For me, I want to go buy huge apartment buildings. I don't have all the cash to go do that right now. I want to keep buying more and more businesses. I don't have all the money in the world to buy every business that I want. I don't have all the money in the world to start every business that I want. But what's really allowed me to scale and push my business forward and in turn grow my wealth is that I've gotten resourceful at finding money from different sources. When I did my very first house flip in 2015, I did it through maxing out my credit cards. At the time, I had $10,000 cash saved up, which I didn't believe was enough money. Knowing what I know now, I actually would have had enough money doing some other methods, which I'll talk about later on in this video. But nonetheless, part of my story is that I had to max out credit cards and I ended up getting $50,000 from cash advances and balance transfers from both mine and my wife's credit cards. I then used that money for a down payment on a hard money loan, which allowed me to get into my very first deal. I ended up flipping that house within two months and I made $25,000. It was a life changing experience. Literally, that one deal set us on a whole new course for my life and now I get to sit here on YouTube and on stages and talk about it and help others do the same. But in the end, once you get into business and investing, you start realizing that debt is debt. For me, those credit cards were not a bad thing like Dave Ramsey might tell you. They were just simply a tool that I used to start my business and get that first deal. Credit cards are no different than getting a student loan, getting a business loan, getting a mortgage, or getting private money. Debt is debt and it can be good or bad depending on how you use it. For us in real estate investing, debt is an amazing tool that we have available to us so that we can use it to make more money. And even think about it at a high level. Why do businesses go out and raise venture capital? Why do they take investors? Why do they go public on the stock market? It's because they're trying to get capital infusion so that they can grow their business. Typically, as a business grows, you don't have enough money and so you got to go figure out how you can get more money to grow the business. This may be when you're starting at zero, like many of you, or it can be when you're trying to grow your company from millions to billions. So just get into the mindset of knowing that debt is going to be something that you take on as an investor or as an entrepreneur. 99% of successful entrepreneurs and investors utilize it. And at the end of the day, I still use all of these tools. I'll use credit cards when I need to, I'll raise private money when I need to, and if you don't know what private money is, I'm about to talk about it here in the next section, and I'll get normal mortgages or high interest hard money loans when I need to. At the end of the day, it's just all part of an equation of whether or not this makes sense for this deal. So now that we're on the same page with time and money, what kind of path should you choose for real estate investing? I think that there are really three main ways that people invest in real estate. The first is through house flipping, the second is through wholesaling, and the third is through buying rental properties. Obviously, there's a lot that goes into each of those niches. With rental properties, you can do Airbnb, you can get multi-family. With house flips, you could do mobile homes, condos, single family, the list goes on. But let's talk about it from the big picture point of view of what's going to get you to $100,000 your first year the fastest. Well, to start off super easy, a long-term rental that's not Airbnb is not going to get you to $100,000 anytime soon. In fact, if you're trying to get into real estate full-time and quit your full-time job, you cannot just buy rentals. If you buy a normal long-term rental, you're probably breaking even with today's interest rates where you might be making a couple hundred bucks. That is not going to help you quit your job anytime soon. You literally have to own 50 single family homes in order to make $100,000 in most cases. So let's take that off the table. What about Airbnb? You can make more cash flow doing that. Well, I'm actually a really big fan of using Airbnb to get started to making $100,000. The cool thing about Airbnb is you don't have to actually buy the home. You can do things like Airbnb arbitrage or co-hosting. Arbitrage is when you're going to go rent out a property and put it on Airbnb yourself, and then you're going to make the spread between what you pay in rent and what you're able to make on Airbnb. Ivan Tejeda, who's our Airbnb coach and wealthy investor, has over 15 of these Airbnb arbitrage properties. He essentially kept leasing new apartments, furnishing them, and then repeating the process over and over again. And in turn, he was able to get to not only six figures, but multiple six figures a year really fast. You can also do co-hosting, which is going to other investors who own rental properties and saying, hey, let me go put your property on Airbnb, and then let's do a profit split. The investor can put up all of the money for the furniture, and then you guys work on an agreed upon split. Now, how much an Airbnb can make varies. I know people that average $1,000 a month in that profit, and I know others who are making $3,000 or $4,000 a month in that profit because of the property. So at the end of the day, you can definitely get there with Airbnb. It just depends on how many houses you're going to get and what path you want to go about to get those homes. And by the way, if you're interested in looking into that Airbnb program or any of the other programs that we have that go over flipping, wholesaling, Airbnb, all you have to do is go to wealthyinvestor.com and book a call with the team. Even if you think you don't have the money for coaching, we can help you out. We have payment plans and a whole bunch of other ways to help you get funded so that you can get your education. Now let's talk about wholesaling because this is one that I think is a great way for everyone to start. If you have no idea what it is, wholesaling is very similar to flipping houses except that you don't have to buy the home, fix it up, or wait for it to sell. What you do is you get a really good deal under contract, and then instead of buying it yourself and doing all the things I just mentioned, you're going to just sell the contract to another investor. So to lay this out, let's say you get a property under contract for $300,000. And then you know that me, Ryan, is going to buy it for $320,000. And the reason I'm willing to pay $320,000 is because I know after I fix it up and do everything, I'm going to sell it for $450,000 and make a good profit. But what happens is you're going to assign me the contract for $320,000. I'm then going to close the deal, $300,000 of which will go to the seller because that's originally what they went under contract for. And then $20,000 is going to the wholesaler the moment that we buy. And then I'm now responsible for fixing it up and relisting it and waiting to get paid from flipping the house. That being said, wholesaling is an amazing way to get started because not only do you not need any money, you don't need to fix things up, you don't need any of that, but you also get paid really fast. You could have $20,000 in your pocket in less than 30 days. And here's the thing. You might be thinking, where am I going to find buyers? Where am I going to find this? Finding buyers is the easiest part of this game. If you can find great deals, finding buyers is cake. I've actually done other YouTube videos on how to find buyers. I'll link to it down below and I'll even put one up here on the card that you can click after this video if you want. But in this scenario of wholesaling, just think about it. All you have to do is get five deals at $20,000 per deal. This might seem crazy, but I'm telling you, we have averaged over $20,000 per wholesale. So it's not impossible to do, trust me. Now the other way to go about it is the traditional method that we're talking about with flipping houses. Now flipping houses may not be as quick of a payday as wholesaling, but you have a lot more opportunity for bigger profits and more deals. The reason is now I can go buy from that wholesaler and still make money. In the scenario I mentioned before, I might make $50,000 to $80,000 on that house flip. And so my margin is significantly higher. I just have to take a little bit more risk and I got to wait to get paid. But house flipping is an amazing way to go about it. That's how I got started in real estate investing. You could have a house flip that makes $30,000. Or you could have one that makes $100,000 on its own. Either way, you don't need to flip that many homes to make over $100,000 in your first year. And the cool thing about that is once you find a deal, house flipping doesn't really take a ton of your time. As long as you're not the one fixing up everything in the house, which is what we never teach. But you could totally flip a house on the side while you're working a full-time job. In fact, when I got started flipping houses in 2015, I was still playing professional baseball. And I ended up playing professional baseball until 2017. And when you think about this, I was out playing the sport at a high level. I wasn't in Las Vegas, my hometown. I was out in other cities working all day. Yet I still had a house flipping business in Vegas that was running and things were happening. And during those three years while I was playing, I flipped over 50 homes. You can totally make it happen working a full-time job while doing real estate investing. At the end of the day, the big key is learning to find great deals and find the money to go buy those deals or find the money to sell those deals too. And if you want to learn how to find great deals, I actually just did a video about all the ways to go about finding deals both free and paid. So just click right here if you want to learn how to find these great deals that lead to these big profits.