The Multifamily Real Estate Experiment Podcast

MFREE 064 TRAILER #3 WITH WYATT SYMON: HOW TO USE YOUR W-2 TO GET STARTED IN REAL ESTATE INVESTING.

February 20, 2024 Shelon Hutchinson Season 3 Episode 64
The Multifamily Real Estate Experiment Podcast
MFREE 064 TRAILER #3 WITH WYATT SYMON: HOW TO USE YOUR W-2 TO GET STARTED IN REAL ESTATE INVESTING.
Show Notes Transcript

The problem was I read this book when I was 21, and I was like a broke, fresh out of college kid, with absolutely no money. At the time I was living in Colorado, I couldn't imagine buying a property there. The assets there were so expensive,

I didn't have a W2 job, and I was commissioned only. So, I wasn't able to get a loan and I didn't have two years of history for it. And so eventually this led me to making the move and taking a W2 job in Omaha, Nebraska. That is awesome. Yeah. I purposely moved to Omaha is a whole lotlesser priced market, right?

And I was able to get a loan right away then because I had a W2 job and that solved those two problems. And then I just started off on the journey of buying assets and man, it didn't start. It wasn't quick, right? In my first year I bought two properties, it was a duplex and a single-family home.

The next year I bought three properties.  All single-family homes. The next year I bought six properties, all single-family homes. And then the next year, that fourth year is when things started to really take off. I bought 20 properties single-family homes, because I set up that direct seller system.

And then the year after that, I bought another 20 single-family homes and three multifamily buildings. And it just started to scale from there.

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hutch@hsquaredcapital.com    heath@hsquaredcapital.com

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WYATT SYMON:

The problem was I read this book when I was 21, and I was like a broke, fresh out of college kid, with absolutely no money. At the time I was living in Colorado, I couldn't imagine buying a property there. The assets there were so expensive, I didn't have a W 2 job, I was commissioned only. So, I wasn't able to get a loan and I didn't have two years of history for it. And so eventually that led me to making the move and taking a W 2 job in Omaha, Nebraska. That is awesome. Yeah. I purposely moved to Omaha is a whole lot lesser priced market, right? And I was able to get a loan right away then because I had a W2 job and that solved those two problems. And then I just started off on the journey of buying assets and man, it didn't start. It wasn't quick, right? My first year I bought two properties, it was a duplex and a single family home. The next year I bought three properties. All single family homes. The next year I bought six properties, all single family homes. And then the next year, that fourth year is when things started to really take off. I bought 20 properties single family homes, because I set up that direct seller system. And then the year after that, I bought another 20 single family homes and three multifamily buildings. And it just started to scale from there.