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☆ 9 entrepreneurs who left corporate America share the biggest challenges of running a business — and what to expect before quitting to work for yourself
▼ + stars: | 2023-10-23 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "Entrepreneurship can get overglamorized," said Tyler Wright, who left a sales job to build a personal finance brand and coaching business. "You have to manage yourself better and differently because you're working a job and you're trying to get something else off the ground, but you don't have to do it." Now, "I'm the CEO, I'm the CFO, I'm the head of content, I'm the head of accounting, I'm the head of everything," he continued. "When you're working for yourself, you're responsible for making the product, planning the product, marketing the product, maintaining your studio, training your assistant.

Persons: —, Tyler Wright, there's, Wright, Phil Thompson, Mike Gardon, Thompson, Ludomir Wanot, Katie Lauffenburger, Steph Gordon, Den Mathu, Den, Gordon, it's, Adah Fitzgerald, Lauffenburger, Katie McCarron, we've, I'm Organizations: Service, Entrepreneurship, Amazon, Evergreen Housing Network, Wonder, Portland Pet Food Company Locations: America, Toronto, Portland

☆ 5 successful real-estate investors who started with as little as $5,000 in savings explain how they leveraged FHA loans to buy their first properties
▼ + stars: | 2023-10-21 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Before writing off real estate as too expensive to invest in, you'll want to consider all of your options. Here's how it works and how you can use one to buy real estate and start building long-term wealth. How everyday people have leveraged FHA loans to buy property and build wealthBoston-based investor Karina Mejia used an FHA loan to buy her first property at age 22 . It's a joke but it is solid advice: Before you actually get married, you should each use your own FHA loan." You can get your foot in the door without too much upfront cash by using an FHA loan."

Persons: Ludomir Wanot, witxh, Wanot, Karina Mejia, Sasha, It's, Mejia, Avery Heilbron, Heilbron, Jervais, Jim Resonable, That's Organizations: Federal Housing Association, Evergreen Housing, Ludomir, Seattle, Department of Veterans Affairs Locations: Seattle, Boston, Georgia, North Carolina, North Carolina , California

☆ 8 entrepreneurs who left corporate America share the financial steps they took before quitting their jobs to work for themselves
▼ + stars: | 2023-10-10 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Entrepreneurs who left the corporate world to start businesses told Insider how they made the leap. They shared the financial steps they took, such as paying down debt and building an emergency fund. Ludomir Wanot, who quit a six-figure job at Amazon to build a real-estate-wholesaling business, took stock of his personal finances as he was preparing to leave corporate America. Steph Gordon and Den Mathu, a couple in Toronto, also considered their personal finances before quitting their corporate jobs to create online content full-time. You want to allow yourself as long a runway as possible to survive as an entrepreneur because, inevitably, you're going to make mistakes (and maybe costly ones).

Persons: —, Phil Thompson, Ludomir Wanot, Ludomir, Wanot, Steph Gordon, Den Mathu, Gordon, Mathu, Mike Gardon, Katie McCarron, Maggie, McCarron, It's, Katie Lauffenburger, Thompson, Tyler Wright, she'd, Wright Organizations: Entrepreneurs, Service, Amazon, Evergreen Housing, Portland Pet Food, Academic, Wonder Locations: Toronto, Portland, America, Chicago

☆ Don't think you have enough money to invest in real estate? Here's how 4 investors got started with less than $10,000 upfront.
▼ + stars: | 2023-02-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

They used strategies like buying with an FHA loan and partnering with someone to split the costs. Wanot isn't the only successful property investor Insider has spoken with who got started without much cash. Dominic Kosteris bought a modest starter home even though he could have afforded moreReal estate investor Dominic Kosteris and his family. Sean Allen bought out-of-state in a more affordable market and invested with a friendLos Angeles-based real estate investor Sean Allen and his fiancé. Becoming a property investor all started with a conversation with his friend back in 2013.

☆ 8 money books that can help you build wealth in 2023, according to real estate investors, 'super savers,' and finance experts who have read them cover-to-cover
▼ + stars: | 2022-12-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Another popular choice among real estate investors specifically is "Rich Dad Poor Dad." It was Ramit Sethi's popular money book that taught them how to be more intentional when it came to spending. Real estate"Retire on Real Estate" by Kai AndersonAvery Heilbron, who achieved financial freedom before 30 partly thanks to his investment properties, says that "Retire on Real Estate" is what nudged him in the direction of buying property to build wealth. Courtesy of Avery HeilbronIf you want to build long-term wealth, "I think real estate is 100% the best thing," Heilbron said. "Rich Dad Poor Dad" by Robert KiyosakiThis classic by Robert Kiyosaki is a favorite among real estate investors and early retirees, including Mike Zuber, who was able to quit his day job in his 40s thanks to his lucrative real estate portfolio.

☆ 8 'super savers,' early retirees, and money experts share their 'recession-proof' strategies and other top money advice as we head into 2023
▼ + stars: | 2022-12-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +12 min

One expert wants people to know that the stock market is just one way of many to invest. Beef up your emergency fundNew Hampshire-based real estate investor Matt "Lumberjack Landlord" and his family. For him, that means investing in real estate, which he's been doing since he was 23 years old. "If you take your money and buy real estate, you'll never make 30 times or even five times your money in one day. Get creative when it comes to financing your investmentsSeattle-based real estate investor and co-founder of Evergreen Housing Network Ludomir Wanot.

☆ A real estate investor and wholesaler who profited over $500,000 in 2021 shares 4 pieces of investing advice for 2023, including what not to do: 'Stay away from flipping'
▼ + stars: | 2022-12-24 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Ludomir Wanot, who is financially independent thanks to real estate, gave his top advice for 2023. For the next four years, Wanot continued investing in and learning the ins and outs of real estate while working full-time at Amazon. He discovered first-hand just how lucrative real estate wholesaling could be: On his first wholesale deal, he profited $160,000. You need a solid financial foundation before you invest in real estate. You can read more about how seller financing works and how you can find these types of deals here.

☆ A real estate investor has brought in $1 million on 5 wholesale deals in 2022. He explains what wholesaling is and how to make money doing it.
▼ + stars: | 2022-11-03 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +12 min

At 28, he became a multi-millionaire and felt comfortable leaving his 9-to-5 to double down on real estate. Today, the 30-year-old investor makes the majority of his money from real estate wholesaling. How to start real estate wholesaling in 4 stepsIf you want to give wholesaling a shot, it's possible to do so on a smaller scale. His favorite wholesaling books include: "The Real Estate Wholesaling Bible," "If You Can't Wholesale After This: I've Got Nothing For You," and "The Best Wholesaling Book Ever." Do a Google search to find a community in your zip code and start attending local real estate meet-ups.

☆ A real estate investor who is financially independent from his 25-unit portfolio that he built in 4 years shares his best advice to rookie investors and how to 'find good deals'
▼ + stars: | 2022-10-21 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Real estate investors agree that a key to succeeding is networking with the right people. Knowing very little about real estate investing at that point, Mark told her he'd think about it. He agreed, called up a real estate agent he knew in the area, and told her he wanted to invest in real estate. "The best way to network, no matter where you live, is to find a local real estate meet-up group." Anyone can use it to connect with real estate investors and find events to attend.

☆ How to achieve financial freedom, according to 11 couples and individuals under 40 who've done it
▼ + stars: | 2022-09-26 | by ( Business Insider | ) www.businessinsider.com time to read: +15 min

For many people, financial freedom means being able to retire early and work only by choice. He believes that real estate is the most tried-and-true way to build wealth, but he also invests in the stock market. If you want to achieve financial freedom and retire early, put in the hours, he advised. "As long as you can live within your means, and you understand your basic necessities, then it's very possible to create financial freedom." "Entrepreneurship has really accelerated our own path to financial freedom, which I would say we have achieved."

☆ How to build wealth from real estate investing, according to 7 couples and individuals who have done it
▼ + stars: | 2022-09-23 | by ( Business Insider | ) www.businessinsider.com time to read: +10 min

With patience and the right strategies, real estate investing can be a path to financial freedom. Several people who have used real estate to build wealth told us how they got started. Insider spoke to individuals, including Zuber, who have used real estate as a tool to build long-term wealth. When he was in high school, "I found online that 90% of all millionaires became so through owning real estate." From that point on, he decided that real estate would one day be his path to wealth.

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