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Investing Inspiration from a Surprisingly Successful SFR Newbie
Episode 853
Low interest rates? Rising rents? Strong appreciation? But still feeling anxious about buying your first rental property? In this episode, you'll hear from someone who may help reduce that anxiety.
Yianni Garcia is a mortgage broker who was aware of the opportunity presented by low interest rates and a strong rental environment. And he knew that he wanted to become somewhat semi-retired in five to 10 years. But spending a large chunk of hard-earned cash is not easy. So he dealt with his investing anxiety by educating himself. He joined RealWealth in 2019, started pouring through webinars, listings, and pro-formas, and bought his first single family rental just last year.
In this episode you'll hear more details about his RealWealth story, including where he's purchased his properties, why they were such great choices for passive income and appreciation, and what his plans are for the future. As a mortgage broker, he also has lots of great information about loans for investors.
You can fast track your own retirement plan by joining RealWealth, for free, at realwealthshow.com. As a member, you'll have access to the same educational material that helped Yianni. That includes the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.
And please remember to subscribe to our podcast and leave a review if you like what you hear! Thank you!
TRANSCRIPT
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Speaker 1: You're listening to the Real Wealth Show with Kathy Fettke, The Real Estate Investor's Resource.
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Kathy: 3.25% interest rates for investors, rising rents, rising home prices, but you're still feeling anxious about buying investment property? I'm Kathy Fettke. Welcome to the Real Wealth Show. Our guest today is going to share how he was able to get through the anxiety that most people feel when they're about to embark on something new, especially when that something requires a very large amount of cash. Yianni Garcia, like many young people, doesn't really want to work until the typical retirement age of 65.
He wants a better plan that allows him to be able to spend more time with his future children. As a mortgage broker, he saw the opportunity to take advantage of today's very low-interest rates and very strong rental environment to buy, refi, and then buy some more in order to build a large portfolio that will speed up the path to be somewhat semi-retired in 5-10 years. Well, Yianni, welcome to the Real Wealth Show. We're so excited to hear your story.
Yianni: Thank you for having me. I'm so excited to be here.
Kathy: Let's start with what brought you to real estate, to begin with?
Yianni: Sure. I am a fairly new investor. I started investing in 2020, and I attended--
Kathy: Wow, what a year to start.
Yianni: [chuckles] I know. My timing was very lucky, I would say. I feel very blessed about that. My very good friend Zeona McIntyre invited me to a Real Wealth network event in the fall of 2019 in Jacksonville. That's where we met. I got exposed to so many people in the network. It was like a crash course of 20 plus different markets. That's really where the lightbulb went off. I said, "Okay, I really want to stay tuned in and see where I can find my first investment property."
After I did that, [00:02:00] I started just every week, tuning into webinars and reviewing listings that I would get from different agents within the networ
Published on 4 years, 2 months ago