How to Quit Your Day Job To Become A Full Time Real Estate Investor with Billy Keels Let's Talk Real Estate Investing with Sharon Vornholt

Part-time investors often long for the freedom full-time investors have. They want to know how you quit your day job to become a full-time real estate investor. What are the steps to successfully making this transition? My guest today is Billy Keels who lives in Barcelona, Spain. Billy has lived in Europe for many years however he invests right here in the US where he grew up. Billy had a great high-paying career that he liked, but it came at a cost of his freedom. Freedom over his time. He wanted control over his time. Today he is going to talk about how he strategically made the transition from his demanding career to full-time real estate investing. Listen and enjoy!
Key Highlights:
[00:01 - 07:10] Opening Segment
• Billy's background and story
Why he decided to become a full-time real estate investor Long-distance investing • How Billy has achieved his goal of leaving his high-paying job to do real estate full time
[07:11 - 14:00] Going Into Real Estate Full Time
• Why real estate is a great way to build wealth and provide financial security for your family
• Billy's experience in convincing his wife to invest in real estate full time
• Be transparent with your goals, learn how to talk about money, and be clear on your why
[14:01 - 20:26] From Corporate Work to Real Estate
• Scarcity creates value
• Why you should invest in passive real estate projects
Generate more income by operating multiple passive streams of income • What can lead you to increase financial security and retire early
[20:27 - 27:09] How to Successfully Invest in Real Estate without Breaking the Bank
• The biggest key to success in real estate is taking calculated risks and investing with other people
• Have a clear vision for your life and what you want to achieve
Find the right real estate investment opportunity to help you get there • Make sure you build a team of people who you trust and can help hold you accountable
[27:10 - 33:33] It's Not About How Much Money You Make
• How to do a deep dive on location before investing in a foreign country
Make sure it is the right fit for your business Reach out to people you know and network with online • The next thing to do once you have a good understanding of the location and the market
Put your money where your mouth is and invest in property there [33:34 - 40:56] Closing Segment
• Be clear on what outcomes you're looking to achieve when you leave your job
• Be clear on your revenue model and how much money you'll need to generate to support your new lifestyle
• Figure out how to keep more of your capital while generating consistent returns
Be sure to check out Billy’s previous show, Tips for Buying and Managing Long Distance Rental Property
Want to connect with Billy? Follow him on LinkedIn, Instagram, and Twitter.
Visit KeePon Cashflow,Facebook & YouTube.
Resources Mentioned:
Sharon's episode #107 on the Going Long Podcast
Going Long Podcast
Pay Less Tax
Key Quotes:
"It's not money for money's sake, but it's for the experiences that money can provide." - Billy Keels
"You need to rehearse the outcome. If you have not rehearsed the outcome and something happens outside of what you rehearsed, but you've never rehearsed. Then the anxiety levels are gonna increase." - Billy Keels
Want to Learn More? Connect with me through my website, Instagram, and LinkedIn
Or you can send me an email at sharon@sharonvornholt.com
Be sure to check out the Louisville Gals Real Estate Blog and my course Probate Investing Simplified.
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