How I Am Starting in REI

[John Leonard]

Years ago my wife and I met, and I discovered she wanted to own buy and hold homes the same way I did to generate cash flow. Fast forward 3 years... we’ve both built our credit, bought our primary residence, have two kids with a third on the way, solid middle class jobs, and some consumer debt. We were gung-ho to get going in 2019 after bonus and tax time to get a rental property finally. I started studying, reading, etc. we attended our local REIA and listened to Chad Carson. Great presentation. We left and on our 45min drive home decided the consumer debt had to go first. So that is what we are working on. But! The itch is there. So I thought, “How can I make money to invest that won’t detract from our debt pay down?” I’m an avid Gary Vee fan. And he got me thinking and I started recalling back in 2010-2011 I had a serious book flipping business going online. But I moved away from DFW and my supply is nonexistent in small town USA now. However....the Goodwills and yard sales abound! So I hatched a plan... I will start with old stuff laying around my home I don’t use. Sale it on eBay. Use that money to go find and buy stuff to flip on eBay. Build it, keep it growing with a goal of 12 months and $25,000! Think I’m crazy? I started on 11/1/18. Today is 11/11/18. I’ve made $600 profit so far! $500/wk gets me past my goal. I am so pumped it’s not funny. I’ll admit I’m in love with the entire story of this. I WANT to be able to tell people I bought investment property by flipping goodwill finds on EBay! I’m documenting the process on my YouTube channel, Twitter, Instagram. Going to stack paper, and then in 12 months unleash my army of dollars to go to work for me!