The life-changing impact of adopting the investor mindset
The SFR Show - A podcast by Roofstock
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Real estate investor, author, and podcast host Henry Washington entered the industry in search of building passive income to achieve financial freedom. In just three and a half years, Henry built an impressive rental portfolio and now turns his focus to teaching others how to create wealth through real estate investment. Listen in todays episode where Henry talks us through how to work with small banks to get initial loans, make contractor connections, market effectively to generate leads, and adjust your mindset for success. Episode Link: https://henrywashington.clickfunnels.com/order-485129501621009952063 --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals. Michael: Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum, and today I'm joined by Henry Washington and Henry is an investor and he's gonna be talking to us about how he went from zero to like a gazillion doors in a very short amount of time, and what he did to get there. So let's get right into it. Henry, what's going on, man, thanks so much for coming on and hanging out with me and I really appreciate you. Henry: Hey, man, thanks for having me, I appreciate it. Michael: No, it's gonna be a lot of fun. So I know a little bit about your background but for those of our listeners who might not be familiar with the Mr. Henry Washington gave us the quick and dirty who you are, where you're coming from and what is it? You're doing real estate today? Henry: Yeah, Henry Washington, I'm a real estate investor based out of the Northwest Arkansas market. So it's the northwest corner of the state. It's this like little unique bubble have an area. There's so much huge recession proof industry here. So it's a lot of money in this little part of the country that makes this market pretty unique and so I've been investing here, four and a half years, I'd say close to five years now I bought my first house five years ago and prior to that I was a nine to five or working for I worked for Walmart and so they're headquartered out here. It's one of the companies, you know, that's, that's based out here and so I did data analytics and software development for them for 10 years, and made a great salary and I also spent a great salary and so I often found myself not having money before I was to get paid again and, you know, I think a lot of people find themselves in that situation. My, I guess the pivot for me came when I got married, got married fairly quickly, my wife did not want to run out of money before we got paid again and that was that was the first time where… Michael: A reasonable request… Henry: I guess. It's so I, you know, I started to realize that the path I was on financially wasn't going to provide me the life that I truly wanted and I knew that but when it was just me, like, there was no like, I was okay, I was like, whatever, I'll figure it out but like, when you have somebody else who's depending on you, you know, a lot of those things become a lot more real and so I had a panic attack one night, after we tried to buy a house together, and I couldn't be on the loan, because my credit was so bad and the bank said, hey, you're gonna ruin this for your wife, if you guys want to be able to buy a house and so then we, you know, we had conversations as a couple of about our future and what we wanted and kids and dream houses and you know, all the things married couples, young new married couples talk about, and I was like, I can't afford any of this. Like, I just, it was just as unse