REPLAY: WHY One Rental at a Time is EASY PATH TO WEALTH

SPEAKER_1 (0:00)

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Michael Zuber (0:30)

All right, so I guess I should do my introduction. You'll see a little bit more of this in detail on one of the slides.

I've been investing in Fresno for 15 years. So I started actually in 2003 So last seller's market, anybody remember the last five years? So I invested in 2003 up through the crash, through the crash and back. So we'll talk about all of that today and what that felt like, all of that.

I have just shy of 200 units today. Started with a single family home on Norris Drive, which we have a story about, I will tell you. Did a bunch of 1031 exchanges. We'll go through the whole story here. But basically, I did what a lot of you said. I had a day job. I worked for technology companies in the Silicon Valley selling software. I was a commissioned sales rep, commissioned sales manager, commissioned sales VP. So I ran things from the west coast to the country to the world. So I know what it's like to travel and build this as a side hustle. And I successfully replaced my wife's income five years ago, or now six years ago, and replaced my income about 18 months ago. So I left the rat race at 45 because of Fresno rental properties. So we're going to talk about how that happened and all of that. The last thing to say is, I used to present for a living. So I'm here for you. So if you have a question or something doesn't make sense, just do me a favor and raise your hand, and hopefully we interact. If I go 20 minutes and I'm the only one talking, I might have fun with you and just stop and ask somebody a question. So it might be better for you to ask me questions so I don't call on you by accident, Michael. I'm just saying. He was with me before. So is that fair? Does that make sense? And you can hear me okay, right? Awesome.

All right. So this is what we're going to do. I actually start all of my meetups now talking about uncomfortable truths. I think getting excited about real estate investing is easy to do, right? That adrenaline we all feel. We start to vibrate at this low rate, right? But there's some uncomfortable truths that, if we let them consume us, can just take us out of it. So we're just going to talk about them. There's actually more than this, but I like to talk about these five. Just to level set kind of who I am and the kind of value you're going to get out of it today. I did create one slide on our story from a single house to financial freedom, so we'll go through that in detail.

I do have keys to success, because Stratton was nice enough to prep me on this group who was going to be here, so I thought about it, and I created my keys to success, what I would hope to in part, because 16 years ago, I was you in a chair, right? I started back in 03, but I was coming to meetups in 2002, just like you, going, I don't know anything, I want to network, I want to meet folks. So I know what it feels like to be you sitting in a chair listening to someone, because I was you 16 or 17 years ago. So I want to tell you what I think the keys are, just starting out.

The other thing is, I talk to a lot of new people that get stuck. They feel like they're being active, right? They're going, I'm busy, but they are not making progress. Do you know what I mean? Being busy, but no progress? So I have four questions, it says three, but there's actually, oh, it doesn't say three anymore. There's four questions that I'm going to propose to you, and if you can answer at least three of them, you're in good shape. But if you can't answer them, that's self-reflection time. It's like, okay, I got to stop being busy and feeling good. I need to have a direction. So we're going to talk about that today. I'm going to highlight some early mistakes. It's great to sit here and talk with you, and I can tell you all these great stories about all these great units, but that would not do you any good. I got to tell you about the mistakes I made at the beginning and the things that I would do different.