Business
Don't forget to subscribe, leave us a rating and a review!This episode with Eric Bowie was inspirational and full of wisdom! Eric has been a landlord for over 20 years and currently is a personal finance coach, 6-figure ebay seller, author and much more. Eric's acquired his first property via seller financing and for two months he tried to get a squatter out. His turning point came when he was overwhelmed and sitting in a demolished kitchen questioning his decision to invest. After that, he shadowed a General Contractor for and worked for free to learn the ins and outs of rehabbing properties. Within his first 5 years of investing he scaled up to 6 properties. After the recession, he decided to scale down and sell some of his properties. In this interview we speak about the Kansas City market, making sure you don't over leverage, getting his daughter through college with his ebay business and more. Show Sponsor-- @mintinc_usaHow you can find himTwitter- @smartmoneybro1Facebook-https://www.facebook.com/smartmoneybro/https://www.smartmoneybro.com/Buy his books- http://bit.ly/ericbowieAccess all of our resources on our website- https://www.blackrealestatedialogue.com/Join the B.R.E.D Real Estate Investment Community- https://gum.co/LPizuBecome an Official Patron and get access to exclusive content and discounts! https://www.patreon.com/blackrealestatedialogueText BRED to 21000 to join our free VIP Text ListHighlights Don't study too long. You learn by doing the work, buying property and learning as you go. Get in the field, meet lenders, agents etc. Don't over leverage yourself- Put some money down on the properties and make sure you have cash set aside for each property. Aim for at least 5k. It's not about having many properties, take your time. Having 5 paid off properties renting for 800 per month is better than having twice the number of properties with the same total cash flow.