Despite what you might think, I was not born knowing how to invest in real estate.
I know, I know. Shocking, right?
Of course, no one knows how to invest in real estate innately! They must learn.
Now, if you've been around the real estate investing industry for any length of time, no doubt you've heard the term "mentor" before.
No, I'm not talking about some paid coach or guru course.
I'm talking about real-life, local individuals who can help a new investor on their journey toward success.
A mentor can show you what's working for them, what is not working for them, share the lessons and mistakes they've made, make introductions to others in the real estate market, and provide real-time feedback.
Having a mentor can truly be life-changing -- and today I want to introduce you to one of mine.
Kyle is an airline pilot who started investing in real estate almost by accident. Over the years, he's acquired a number of properties and made a lot of money from real estate.
In this video interview, Kyle and I talk about how he got started (almost on accident!), how he transitioned from flipping to rental properties, and why he decided to help out a young, dumb kid named Brandon. :)
If you are a fan of the BiggerPockets Podcast, I think you'll love this interview and will learn a lot.
So without further ado, here's my interview with Kyle:
Audio Only
Transcription
Brandon: Alright, hey everyone. My name is Brandon from BiggerPockets.com, and today, I am bringing you guys a special treat. In fact, I am doing an interview, my very first video interview in the same room as somebody, with a guy that I’ve looked up to for a decade, who is largely instrumental, if not the number one instrumental force, in everything that I’ve done so far in real estate. This is Kyle. I like to say my mentor. How are you doing Kyle?
Kyle: I’m doing well, Brandon. It’s nice to be here.
Brandon: Thank you. Thank you. Also joining us today here is Charlie Barkin. My dog Charlie. He is hanging out with us here today as well. Today, we’re pretty much talking about how Kyle here got started in real estate, what he’s doing to do that and kind of get into a little bit of our story of how we met, how we started working together a little bit. Hopefully at the end of the interview or throughout the interview, you’ll come away with some good tips for how you can build your own real estate business, how you can work with other people, and hopefully learn some good stuff from Kyle. Are you ready?
Kyle: Absolutely.
Brandon: Alright, so why don’t we start out with the question that we start out BiggerPockets podcasts with -- how did you get started with real estate?
Kyle: You know, it’s just as easy as just saying, you know, on this particular day, I started to do this. It -- I have to say, it’s a bit of a process, and it was unexpected at the time. My wife and I, when we moved out of the area and when we moved back to the area, we decided to buy a particular house. This house came with property. For all intents and purposes, we ended up buying the house, and on the property, our vision, I guess our dream was to build a house on this property adjacent to it. We progressed down that road, and at the end of the day, we ended up having two houses on this property, one being a manufactured home,