Transitioning From J-O-B to Investor [AMA Recap With Steve Vigil]

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Steve Vigil is a real estate investor with 16 years of experience, who has successfully flipped over 350 properties. He is also the President of The Wealth Club Houston- A community where investors can connect and get help from other investors and professionals.

He sat down with us for a Facebook Live ALL access AMA (Ask Me Anything) round and gave us everything you need to know about how to transitioning from having a full-time job to becoming a real estate investor. If you missed our session with Steve, you can still view it here.

NOTE: We paused from 30:30 to 42:30 due to an internet issue, but came back strong after that.

 

Watch the REPLAY! Have you been dreaming of quitting your J-O-B to become a full time real estate investor?

Then you do NOT want to miss this Live Ask-Me-Anything with Steve!

It isn’t that you can’t just quit your job and start investing—you can…

But success isn’t very realistic when choosing this path. You need a PLAN before you clock out…

This is your plan. Steve is going to share the 6 principles you need to know. In our live Facebook event, Steve is going to cover:

– What it takes to make the transition
– How your mindset and commitment play a major role
– How to get the help you need
– Why you should surround yourself with a team
– How to define your business
– How to create consistent success

Come prepared to take notes…

NOTE: We paused from 30:30 to 42:30 due to an internet issue, but came back strong after that.

Posted by MyHouseDeals on Wednesday, September 12, 2018

Steve Vigil FB Live

Watch our talk with Steve and learn:

  • What it takes to make the transition
  • How your mindset and commitment play a major role
  • How to get the help you need
  • Why you should surround yourself with a team
  • How to define your business
  • How to create consistent success

For more info about Steve’s community, check out The Wealth Club.

Below, we’ve included the main topics Josh discussed during his conversation with us so that you can skip to the parts you’re most interested in learning about…

6:16 Tell me about your background?

7:53 What inspired to take a leap into investing in real estate?

10:30 What made real estate the thing to pursue?

13:02 What kind of deals were you transitioned into from rental properties?

16:18 What is your advice to investors who want to build a business investing in real estate? How do you acquire funding?

21:10 Do you still have contacts with your previous private lenders?

24:09 Is it worth it to do deals with little to no profit?

26:38 How can I get a (right) mentor?

30:20 As a newbie, how do I know what strategy is right for me?

48:37 Are there any resources to help me find a general contractor?

51:30 Is there a way that you can make sure contractors are able to stick to their timeline?

53:06 Do you pay bonuses to your crews?

Steve Vigil FB Live

54:05 Can you talk about the importance of understanding the market cycles, and being flexible when the market changes?

56:45 Are there key indicators for knowing what cycle we are on at the moment?

57:20 Are there any apps for estimating rehab expenses on the go?

1:03:00 Has the process of vetting private lenders changed when you first started investing?

1:05:38 Is owner financing a good strategy for long-term wealth?

1:07:40 What made you decide to start your own REIA?

1:11:08 Can you walk us through your calculation for when you should quit your job? What made you confident to quit your job?

1:17:00 How important is it to have your partner buy into your plan?

1:18:40 What is the most important thing a new real estate investor should do?

Steve Vigil FB Live

Alison Reeves

Author: Alison Reeves

After working for a large wholesaler in Houston for 4 years, Alison joined MyHouseDeals as Marketing Manager in 2016. Alison finds the ever-changing nature of real estate investing and marketing exciting, and loves working for a web services company that is hyper-focused on its customers. When she’s not marketing for MyhouseDeals, Alison enjoys cycling, running, fostering homeless dogs, and enjoying all of the art/music/outdoor public activities that Houston has to offer.