059 - Tony's First Deal

Tony has a few different partnerships and businesses. He needs to be answering his phone almost at any minute. Is it really possible to have FI in a situation like this?

Is it really possible to become FI in 10 years without having a trust fund? What if you have debt? What if you don't know rich people to lend you money? John and Tony talk about a simple path to FI, what that "FI" means, and how it is available for anyone willing to make some sacrifices today for FI tomorrow.

I know when I was first getting started, there was a lot of mixed advice on LLCs and how to best protect yourself.  ANNOYING CYA DISCLOSURE: WE ARE NOT REAL ESTATE ATTORNEYS AND ALL COMMENTARY IS OPINION AND NOT ADVICE In this week's episode, we field questions related to how to structure your RE deals. A quick download on how we feel about LLCs If you are doing commercial real-estate, it probably makes sense to use one. If you are doing a house-hack, it probably makes sense to skip the LLC and use an umbrella policy instead If you are in the middle, ... well you gotta listen to the details! Also Tony called a guy renting his place out and got his first deal (that way).  As always please send in your questions to  ‪(412) 212-8366‬  https://www.instagram.com/befreere/ 

Listing in to find out how Tony has built several businesses to take care of his financial needs, all centered around real-estate. How he found his partners How he left his job How he grew his project from partnership to organization How he thinks about growing things further and giving opportunity to employees

With only 3 duplexes under his belt, can John transition into more relaxed and enjoyable lifestyle?

Tune in to learn some tips on buying your second (or first!) deal. How did Tony get into his second real-estate deal? Why did he even buy a second deal? Learn how Tony only put 10% for an investor loan

How can you save money for your second real-estate deal?  What kind of mindset is needed to get into your second deal?

A more quantitative look at Tony's first deal.

Learn how to think about your first deal by listening to Tony recount the W's and L's from his first purchase.

UPDATE - sorry folks! The proper audio is on this episode now. -- John John and Tony talk about John's first foray into real-estate as they progress towards FI