The more “traditional path” encourages a lot of waiting: waiting to get into the right school, waiting to get the right degree, the right internship, and the right job, but what about the right now? As every current and aspiring entrepreneur knows, time is money so capitalizing on the right now is essential. How do you do that? Real estate investing!
Today’s guest, Rachel Morrow, knew the importance of capitalizing on the right now. At merely 20 years old she was on her way to med school when she realized she wanted to start building wealth. During her warehouse shifts, she began listening to real estate podcasts and recognized real estate was not only something she wanted to do but something she could do. This led to a big transition period in her life from the path she had always known to the path less traveled, but once she made that mindset shift, that was it.
The change didn’t happen instantaneously. She had to completely start anew and work towards her goals which at one point meant working 60 hours a week for a year to get pre-approved for a loan. Her drive and persistence allowed her to close on 4 units with hopes of closing on more single-family homes in the future. We touch on topics like creating value, breaking from the “traditional” path, self-managing a house hack, finding a mentor, and being a young investor.
Ashley:
This is Real Estate Rookie episode 131.
Rachel:
How bad do you want it? I wanted it so bad. Every time I would lay in bed, I’d think, “Should I go into work today?”, but then I’ll think, “I just need to bear it out for a little bit more.” To think that it’s building my retirement, I will look back on these years and not regret it.
Ashley:
My name is Ashley Kehr. I am here with my co-host, Tony Robinson. Tony, what’s going on? What do you want to banter about today before the episode?
Tony:
I like the little life updates we’ve been doing. That’s been a fun little addition. So, I’m trying to think what’s…