116: How to Quit Your Job Through Wholesaling, Flipping, and Taking Action with Nasar Elarabi

On this episode of the BiggerPockets Podcast, learn what it took for Nasar Elarabi to quit his dead-end job and become a full time wholesaler, flipper, and landlord. Tune in for discussions covering how he funds his deals, what makes him a better landlord, and why he’s tried his hand at many avenues of real estate. In this not only informative, but also wildly entertaining episode, Nasar shares his tales of success and the failures that helped him learn — including the first flip he ever undertook (that turned out to be disastrous). This show is packed with a heavy dose of motivation and miles of actionable content, so don’t waste another minute. Just hit “play!” In This Episode We Cover:How Nasar got into real estate The story of how he got it all wrong with his first flipWhat he learned from those mistakesHow he shifted to buy & hold propertiesWhat you should know about debt to income ratiosHow Nasar funds his dealsHow he became “too stupid to quit“Why he shifted once again to wholesalingWhat makes him a better landlord nowInteresting information on owner financingHow to know when to quit your jobThe ins and outs of achieving a “slam dunk deal“The importance of working with the right peopleWhat exactly code enforcement leads and delinquent tax leads areWhat makes him different from other investorsAnd SO much more.Links from the Show:BiggerPockets Forums: Success StoriesForum Thread about the Danger of WholesalingIs Real Estate Wholesaling Illegal?BiggerPockets Webinar ReplayAgent’s GuideBiggerPockets Ultimate Beginner’s Guide to Real Estate Investing99DesignsBiggerPockets Podcast Show 100BiggerPockets’ FacebookBiggerPockets’ TwitterBooks Mentioned in this ShowThink and Grow Rich by Napoleon HillBrandon Turner’s The Book on Investing in Real Estate with No (and Low) Money DownYou Can Make It Happen: A Nine Step Plan for Success by Stedman GrahamTweetable Topics:“Slow down and learn to focus on that one thing that you want.” (Tweet This!)“Just because you own four houses does not make you a real estate expert.” (Tweet This!)“Sometimes you’ve got to jump off the roof and get your wings on your way down.” (Tweet This!)“You’re going to learn more doing it than reading a book.” (Tweet This!)Connect with NasarNasar’s WebsiteNasar’s BiggerPockets ProfileNasar’s YoutubeNasar’s FacebookNasar’s Twitter