Learn how to retire early through real estate investing with best practices from top investors.
In this video, I’m going to show you how to have a better life through real estate investing.
I’ll cover the basics of finding properties and negotiating deals, as well as take you out on an adventure to see what else is possible.
Transcripts:
Rob Trigg:
They want to retire early, and they want to figure out how to do it and how they get there quickly. You know, I always tell people, the most passively way that you can invest,”Hey, you can send money to jet lending, and and get a six to 8% return”. Because we accept private lenders here.
And we’ll put that money to work for you very easily a lot of investors like that model, because at the end of the day, that it’s kind of a fire, fix and forget, you know. They give it to us, they trust us to use that money and get them a return. I personally have a large sum here jet lending myself because you know, it’s given me a pretty good return, far better than you’re gonna get sitting in a bank account, that’s for sure.
Chris Bounds 03:07
Oh, yeah.
Rob Trigg 03:07
Far better, far better. I mean, you know, 68%, that’s pretty good. Especially, when you know, you don’t wanna, you don’t wanna really have to work or do anything to manage that.
Chris Bounds 03:21
And you’re not worrying about Russian events, or economic cycles, or new tweets from Elon Musk, or whatever. Triggering a Yo-yo effect on the market.
Rob Trigg 03:31
Absolutely. So, that’s a consistent, you know, a passive flow of money that’s coming in every month. If you’ve got, let’s say, you’ve got a self directed IRA or something like that we can we can use those. Or, you know, you just wanna give us cash just sitting in your bank account.
It doesn’t matter what the amount is, it doesn’t matter, you know, it’s not gonna be $5,000. And I won’t get much of a return. But, you know, at the end of the day, if you’ve got a pile of cash sitting in a bank account, it’s not giving you the return you want or is sitting over request not really doing anything, send it over to us, you know, we’ll put it to your (inaudible)
Chris Bounds 04:13
Investors in their- they’re saying they want to quit their nine to five, which I mean, I totally empathize with that. That was me.
Rob Trigg 04:19
Yeah. We talked about that, too.
Chris Bounds 04:22
But like, do they go into why? Like for me, from the age that the earliest age I can remember, I was an entrepreneur, I was selling candy to my friends. I was like, creating these membership clubs that my friends would be in and I was selling other things that I probably shouldn’t be selling at school.
So, that’s been me. I never expected to have a job I did and it worked out great. I made a lot of money in it. I learned new skills and then for I went on full time real estate. But is there any common themes that you’re seeing out of, maybe they just don’t like it? It doesn’t fulfill them. And-
Rob Trigg 05:01
I think a lot. I think times have changed. As far as in this is my opinion, I think times have changed as far as people and the freedom that they want to have. To be able to maneuver and do things that they enjoy and do it sooner than 65 years of age. I mean, you know, you work, you work so hard your whole life. And by the time you get to 65, and get a retirement or or whatever you’re trying to do in your nine to five job. At the end of the day, you only got a few years left, I think people
Chris Bounds 05:35
70 percent of your entire life will be spent working and sleeping.
Rob Trigg 05:39
Yes.
Chris Bounds 05:39
And you can’t, you can’t you can’t change sleep.
Rob Trigg 05:42
No, you can’t take that one away. Oh, hopefully everybody’s getting good sleep. But at the end of the day, I think people are starting to realize that there’s pathways to not sit at that, that job is draining the life out of them. They want, they want a way that they can go enjoy their kids, go enjoy time with their families, and be able to just have time.
Time is the one commodity we can’t get more of. And that’s been the, I guess the general theme to everybody I’ve interviewed the 25 podcasts that I did last year. It’s time. People want their own time and don’t want to give it to somebody else. They want it back it in their control.
And passively doing that. I mean, you can, you can get long term rentals. There’s an argument, like we said yesterday for short term Airbnb rentals. You can set those up for fire, fix and forget, if you do everything the right way up front.
Chris Bounds 06:50
And there are management companies out there that manage those and take the day to day away.
Rob Trigg 06:55
And then and then private lending, putting it to work within have in a vehicle to where somebody else is managing it for you.
Chris Bounds 07:04
Well, one thing that I’ve told folks is, every dollar that you create its passive. It’s one less dollar you have to work for, not that you wouldn’t quit your job. Some people, a lot of people want to. Maybe to get a different job if it fulfills them. Or maybe it’s to do you know, real estate full time, but for every dollar you create this passive is one less dollar that you have to actually work for.
So, one rental property make 100 bucks a month. It’s not life changing. But that is $100 less that you have to work for. And then you get another one and then another one. And then of course real estate has multiple components to it from a tax advantage, appreciation, debt pay down. And all these other sorts. It just comes with adding that every single like stacking dominoes, you’re stacking another one. Well, one and another one and over time. It and it doesn’t take long it can it can grow.
Rob Trigg 08:00
Yeah, I’m gonna quote Robert Orofino. Real quick. If I could take you back in a time machine, five years, back in time, would you buy real estate at retail?
Chris Bounds 08:16
Oh, Robert, I can hear him saying that. And yeah, it’s a no brainer. Best time to plant a tree was 10 years ago, the next best time is today. Same thing real estate.
Rob Trigg 08:26
Yeah. I mean, I mean, the answer is, I would definitely say yes. If I could go back five years ago, I wouldn’t have sold my rental that I had then.
Chris Bounds 08:34
I really think in will wrap up here. I think even today, and I’ve told the folks. I mean, you’ll get smaller returns. But if you just have the cash and you got a good job or whatever, you can pay full retail and I’ve had an investor and I helped him. He bought new construction for rentals.
Rob Trigg 08:54
I like to do that.
Chris Bounds 08:56
But you can do that.
Rob Trigg 08:57
Yeah, I’ve got guys that I’ve done 30 year long term loans, non QM loans for that are buying new construction and putting renters in immediately.
Chris Bounds 09:06
Yeah, I mean, it’d be lower returns initially, but the overall wealth and equity play over time. It will work in your favor.
Rob Trigg 09:15
One last thing. One last thing. If people didn’t know that the price of rents are going up. This happened to somebody personally to me. The landlord is renewing their lease, going up $500 in Atlanta, Georgia, right now. I know that’s outside of Texas. But still that’s how crazy the real estate market is right now. The demand is going up from I think it’s 1650. And now they’re gonna charge them $500 more.
Chris Bounds 09:44
Jesus.
Rob Trigg 09:45
Yeah. So, I mean, it’s a good time to be in real estate. It really is.
Chris Bounds 09:50
Especially the landlord.
Rob Trigg 09:51
Oh yeah.