Real Estate Investing and Financial Freedom: Firefighter Turned Investor Brett Aller
Manage episode 476073859 series 3658150
Episode Title: Real Estate Investing and Financial Freedom: Firefighter Turned Investor Brett Aller
Hosts: Tyler Thrush, Aaron Foster, and Mike Webb
Guest: Brett Aller, Real Estate Investor and Advanced EMT
Summary: In this episode, Tyler Thrush, Aaron Foster, and Mike Webb sit down with Brett Aller, a full-time firefighter and advanced EMT who pivoted into real estate investing to achieve financial independence. Brett shares his journey from his initial interest in side hustles to becoming an experienced flipper and wholesaler. They discuss the importance of networking, building a solid foundation, and diversifying strategies in smaller towns. Brett also emphasizes how his "why" drives him to succeed in real estate. This episode is packed with actionable advice for anyone looking to balance a demanding career while building wealth.
Key Points:
- Introduction to Brett Aller:
- Brett is an advanced EMT and full-time firefighter who began investing in real estate as a side hustle. Recently, he co-founded Lift REI, a real estate investment company focused on flipping and wholesaling.
- Getting Started in Real Estate:
- Brett transitioned from being an agent to a flipper after reading "Rich Dad Poor Dad" and discovering BiggerPockets. His first flip netted a $75,000 profit, inspiring him to pursue more projects.
- First Flip Story:
- Brett explains how he acquired and funded his first flip across the street from his home using a commercial loan, a HELOC, and 0% credit cards, underscoring the importance of funding creatively for new investors.
- The Power of Networking and Mentorship:
- Joining Bill Allen’s Seven Figure Flipping group helped Brett find direction and hone his skills in wholesaling and flipping. He highlights the importance of investing in mentorship for fast-tracking success.
- Growing a Business and Finding a Partner:
- Brett's shift to Lift REI stemmed from the need for a reliable partnership and clear roles. He discusses his focus on acquisitions and how he evaluates deals to flip, wholesale, or "whole-tail."
- Challenges of Investing in Small Markets:
- Investing in smaller markets requires adaptability, accurate comps, and creativity with exit strategies. Brett shares his experience and tips for handling unique challenges in smaller towns.
- Setting Goals and Defining His “Why”:
- Brett shares his motivation to create financial freedom for his family, allowing flexibility and control over his future.
Insights and Reflections:
- Brett advises new investors to stay focused, choose a path, and avoid “shiny object syndrome.”
- He highlights the value of surrounding yourself with positive influences and networking with people who are aligned with your goals.
Conclusion: Brett’s story underscores the power of real estate investing as a path to financial independence and career flexibility. His journey exemplifies taking action and leveraging the resources around him to create a better future for his family.
Call to Action:
- Follow Brett on social media and connect with Lift REI to learn more about real estate investing and wholesaling strategies, especially in smaller markets.
116 episodes