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Side Hustles

 

The first steps of real estate investors are multi-diverse, especially when it comes to college degrees. We all have a general belief that having a degree related to your interests can lead us to great places if we keep pursuing our dreams. However, life can always turn 180º and change not only our passion but the way we want to pursue and achieve our goals and dreams.  This is when side hustles come into play. Our today’s guest, Jacob Ayers, is here to share with us how he went from finishing college with a degree in Fire Protection and Safety Engineering to acquire and promote a real estate investment lifestyle. After graduating from college, Ayers moved to Houston, to start working in the corporate world of ‘terrible coffee’ he says. But soon he realized that there was more to do in this life than working office hours for someone else and leaving behind dreams and passions to become a successful entrepreneur. Ayers has always found inspiration from his parents, who told him to never settle and pursue his passions no matter how much time and effort it costs. Constant learner, kayak fisher and the coolest uncle, Ayers's goal by 2020 is to acquire $4,000,000 of real estate and to keep learning to inspire other entrepreneurs to give the first step and change their lives, just as he did back in the day. Find out more about his journey and financial philosophy on this new Income Hacker episode.  “Whether you think you can or you think you can’t, you’re right.” Henry Ford

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Why investing away allows for not engaging emotionally, how it forces you to create systems and processes and unplug from the property to focus on growing passive income.

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 Doing nothing about the process can be a huge risk and how to take some action and figure things out by going along with the situation.

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Finding priorities outside regular office hours, making a hard commitment to yourself, and being intentional.

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Jacob’s steps, experience, and hurdles from single-family houses to large apartment deals and leading towards a larger portfolio

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Jacob’s ultimate goal to create a legacy for himself and his family. 

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Ryan’s brief explanation of the 1031 Exchange

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Lawn-mowing and how his parents influenced him to have an entrepreneurial spirit at a young age.

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Realizing the impact of other people’s money coming into your life as extra money after paying mortgage and expenses

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Constantly looking at the upside and not looking at the downside is one of Jacob’s Income Hacker mistakes. 

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Jacobs's perspective on the BRRR strategy and how it really worked out for him

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The importance of teaching financial literacy, leverage, cash flow, building wealth and how to achieve financial freedom to young people.  

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Jacob’s motivation: the excitement of unlimited potential in real estate investing.

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