Note: This first part was taken from another post, called “My First Real Estate Investment…Almost“.
We were in Arkansas and I was working as an intern at a big corporation–the kind you usually associate with job security, a good future, and a pension plan. My wife was working as a freelance designer from our 3rd floor apartment at a really nice apartment complex that was provided for us for the summer.
Everything was going so well on paper, but every day that I went to work I couldn’t help but think what things would be like if we didn’t have to work…at all.
A few months earlier some inklings of this wonder were creeping into my summer cubicle at my first call center job. They cheered me on as I packed “The 4-Hour Workweek” with my brown bag lunch every morning. Every now and then, I would find some downtime and start to think about how silly it seemed to be trading my time, which was my most precious resource, for money.
I started reading “The 4-Hour Workweek” during all of my 15-minute breaks and lunch breaks and my heart would literally pound faster as I imagined kicking my vocational concessions in the butt. I am so grateful for those lunch breaks.
Passive Income = Wealth
Back to Arkansas…
I started seriously considering what it would take to start working for myself, instead of working for other people who could control all of my time. I started reading some books and found out that working for yourself, or being a small business owner, is still tons of work.
I soon learned that multi-millionaires don’t work for themselves—they create a system for themselves—a system that creates passive income. They employ the magical wonder of compound interest to grow their wealth through many investments, whether it be real estate, the stock market, loans, inventions, or employees. I got so excited about this.
What About Real Estate?
I knew a little bit about the stock market, and I felt like the investments I had were set up pretty well—considering the small amount of money I had—so I searched for something bigger and better. My search eventually led me to real estate. In no other avenue of investing could I find a return on investment that was proportional to my diligence!
I could go on forever about why real estate is such a good investment. If you’d like to know why, just google “Why invest in real estate?” and find some books that look interesting to you. For beginners, I recommend “The Unofficial Guide to Real Estate Investing”.
Try, Try, Try, and Fail Fast!
I read and read and read about how I should invest in real estate. But there is only so much you can learn by reading books. If you don’t apply your knowledge, you’ll lose it. I was desperate for some action, so I took a dive! I lost some money, learned some lessons, and went back to reading.
My Introduction to Renatus
A few months later I saw a sign on the side of the road that said “Real estate investor seeks trainee”. I called right away and was soon invited to play a game called “Cash Flow” with other real estate investors in Sandy. I had a lot of fun. The game teaches you how to build long term wealth and escape the “rat race”.
The next week I attended a long presentation about real estate investing. Everyone was dressed up nicely and I felt a little bit out of place. I was really excited about all the things the presenter talked about, as I had read about all of it before, but I didn’t find out until the end that I was going to be pitched a product.
That kind of threw me off. I had read online about “real estate gurus” who try to sell you on seminars and boot camps to jump start your career in real estate investing. I was convinced that I had been a little mislead, and I was wary about coming back to learn more. All the information was great, but I just felt like I could become a successful investor without paying for an education product.
So I went home, read some more, and kept looking for another deal to get started on. Since I wasn’t able to get the financing for my first deal (co-signing with my parents didn’t quite work out), the lender said I had to wait a year to qualify for a loan (due to late payments), which made it difficult–in my mind–to buy a house at all.
So I determined to learn all I could that year and wait until I could qualify for a loan again.
My Second Introduction to Renatus
3 months later, I got talking to my brother’s friend at lunch and found out that he is part of Renatus! This shifted my thinking quite a bit. I knew that he was a smart guy and that he would never be involved with something like Renatus unless it really was what it claimed to be. He spoke very highly of it and I got really excited. The next night I went to another Renatus meeting and asked a lot of questions. I decided to give Renatus a second round of investigation.
This time I realized that the people made all the difference. This time I met some incredible people with amazing ambition. They had the life I wanted to have. I started to see the value of everything Renatus offered–especially the stalwart community (like in the picture).
I was a little apprehensive about paying for “real estate education” when there is SO much quality education available online, especially on BiggerPockets.com. At this point I had already read all the guides on BiggerPockets. I had read about 50% of their reading list, was active on the forums, and I was taking other investors out to lunch to ask them questions. I was not joking around. I was seriously committed to this thing. So why did I decide to get involved with Renatus?
The best resource I’ve found online for real estate investing is BiggerPockets.com. They have awesome, actionable content–including podcasts, beginner’s guides, weekly webinars, forums, a marketplace, and more. They have everything you need to know to get started.
The reason it took me so long to decide to join Renatus is that I thought I could get all the education I needed for free from BiggerPockets. That may be true, but the classes that Renatus provides are better than any of the college classes I’ve ever taken. These teachers are among the best in their industry, with years and oftentimes decades of experience. In my opinion, it’s definitely worth the price.
The education is fantastic, but Renatus’ big selling point for me was the one-on-one mentorship, frequent events (2-5 a week), workshops, study groups, and the expansive network of kind, dedicated, and educated investors. My friend and his mentor were making more progress with Renatus in weeks than I had in months or years. They had something that I didn’t and I was aching to get to where they were.
I went to various events and I started to see how incredible the opportunity was. I started to see the genius in merging the marketing side of Renatus with its investing side. I started to understand how critical it is to have a “master-mind” group (a term from Think and Grow Rich!), and to maintain a consistent mindset through event attendance and personal accountability.
What’s in it for you?
Oh yes, it’s possible to be a successful real estate investor without Renatus. It’s definitely possible. If you can get to where you want to be with BiggerPockets or other resources, then go for it!
You need to decide if it’s worth it for you. Analyze your situation and figure out what else you need to reach your goals. Is it knowledge? Is it motivation? Is it a mentor? A community? Obligations?
For me, It was all of those, but I especially needed a mentor, a friend, and motivation. I joined 2 weeks ago and I am so glad I did. Since joining, I have met millionaires who want to work on deals with me. I’ve joined a wholesaling team with free training. I have access to all the mentorship, motivation, and opportunity that I want.
I doubted that the education would be as “top-notch” as people said it was, but I was pleasantly surprised by the quality of the teachers that teach the online classes. It exceeded my expectations. There is SO MUCH actionable content available in the essentials course and advanced courses. I have downloaded it all so I can listen to it on the go.
My New Outlook
I’m so excited about all of this. I’ve never felt so happy to wake up and get to work on my dreams. I’ve even done some pretty corny things, like making a “dream board” for inspiration. I’ve never done this kind of stuff, but it’s because I’ve never been this excited about work! I don’t feel like I’m “working”. I can finally make more money than I ever thought was possible doing something I love to do.
For me, Renatus was the perfect fit. I know without a doubt that I will be where I want to be in 10-15 years.
Whether you choose to join Renatus or not, let me know how I can help with your investing! (or anything else)
If you’d like to get info about Renatus events in Utah, go here and sign up to get emails about them.