Some would say 2009 wasn’t a very good year to start a real estate investing business. Just 12 months removed from the biggest housing market crash in history, not many people were thinking about fixing and flipping houses for a living.
But we saw an opportunity.
It was an opportunity to make a lot of money. But more importantly, it was a way for us to get our time back. We didn’t want to be an employee working on someone else’s schedule anymore. Or be told what to do 8 hours day, 5 days per week.
We wanted to be there for our children’s birthday parties, and coach their baseball teams. We wanted to take last minute vacations to Mexico without having to ask someone for permission. And, we wanted to sit at the 50-yard line to watch our favorite football team.
But the truth is, we had our doubts. Most of our friends and family thought we were crazy. Give up a steady paycheck to fix and flip houses after the real estate market collapse?
Fortunately, we had a road map. Call it divine intervention, fate, or just dumb luck. A church pastor introduced us to a successful real estate investor in Phoenix. This investor mentored us for an entire year and taught us his system for buying houses at the courthouse steps and flipping them to retail homebuyers.
In our first year in business together, we made $120,000. Not a lot of money, but enough to support our families. The following year, we doubled our income.
Along the way, we developed our own system for "creating" fix and flip deals no one else was buying. Then, we expanded our operation to Milwaukee, Wisconsin.
Now, we fix and flip houses in two real estate markets, and have an outstanding team of Realtors, wholesalers and contractors that help us rehab more than 30 houses a year.
We’ve been out of the “rat race” for 8 years. We’ll never go back to punching a time clock again. It’s a rewarding feeling to know that not only are we cleaning up neighborhoods and providing jobs to so many, we also have time and money freedom.