Epic Real Estate Investing - Another Day Job Bites the Dust! How Josh Miller Did It | 1061

Episode Date: June 26, 2020

Another day job bites the dust on The Epic Real Estate Investing Show! Tune in and find out how Josh Miller, a talented real estate investor, did it and how you can do it, too! More specifically, you will learn how to carve a path to financial freedom with piles of cash and streams of cash flow! Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Terrio Media. Success in real estate has nothing to do with shiny objects. It has everything to do with mastering the basics. The three pillars of real estate investing. Attract, convert, exit. Matt Terrio has been helping real estate investors do just that for more than a decade now. If you want to make money in real estate, keep listening. If you want it faster, visit R-E-I-A's.com.

Here's Matt. All right, hello, and welcome to Epic Real Estate Investing. Glad you found us. And today, I'm joined by one of my clients who has taken what he's learned inside of the Epic Pro Academy and through the multiple channels of support. And he's gone out there and created some really amazing results for himself. And I invited him onto the show to share what he's doing and what's working for him. So please help me welcome to the show, Mr. Josh Miller.

Josh, welcome to the show. What's up, Matt? Thanks for having me on. This is cool. Hey, you bet. Yeah, actually, I'm just thinking about this. I had you on just recently, and a lot has changed since then. So that was just a month ago, a month and a half, six weeks ago, maybe.

So I guess bring us up to speed. What's happened since we last talked? Well, we bought another six, eight homes. So that's always good. Yeah, just expanding the business, just growing every day. Sure. And I got a list of questions here. I was going to ask you, but as I was going through that introduction,

I was like, wow, you were just here and there's something much bigger that has happened. Why are you being so humble? Oh, well, I have actually have the countdown right here. 24 days, 8 hours, 18 minutes, and 9 seconds until I quit my job. Got it. Okay. So you haven't officially quit, but you put in your notice. Yes.

Yeah. I give my, I guess, a couple of week notice. That's fantastic. So what were you doing before then? What is that job that you're leaving? So I worked for Chevron. I'm an engineer for them. So really just a big corporation.

And I was making them tons of money. And yeah, I realized like, hey, if I can make them a ton of money, probably doing better for myself. Fantastic. Fantastic. So I was going to ask you in what ways has life and business changed since working with Epic? But that kind of puts it right there, right? Anything to add other than doing a bunch of deals and quitting your day job? Oh, shoot. I mean, I'm still working, but the big difference now is I have a plan to stop working. So if I was to keep going with my corporate job, my plan is to stop working in 30 years. Now, since I started working with Epic, my plan is to stop working in three years. So kind of a big difference, yeah.

Nice, nice. Okay, perfect. So what does your current day look like now then? So you're on the real estate side? On the real estate side, yeah, so I'm still working, you know, my nine, ten hours for my corporate job. But on the day-to-day basis, it's really about purchasing homes and I'm really going after cash flow right now. So whereas before every single house we got, we would try to wholesale it and make a quick 10, 15K. What I realized is that by keeping it and selling it to a homeowner, I can turn that 1015K into 50K. And instead of getting it all in one, I can spread it out and really put myself out of a job, which is what I'm after. So with regard to creating cash flow, I mean, kind of walk me through what you're actually doing with resident owners. What does that look like?

Yeah. So when people ask me this, I just say, I'm a bank, which is really cool. Because if you look at really all the largest companies in the world, they're, you know, oil or a bank. And really, that's what I'm creating for myself. So what I'm doing is I am purchasing a home using other people's money and then I'm selling the home to a homeowner. I create a note and I sell it to them on finance terms. So I'm really just a middleman acting like a bank where I paid for the home using other people's money and then I have a homeowner living in it paying me money. Because I really didn't want to get into the property management rentals.

and yeah, I mean, this is something that you taught and you said it's working for you. Right. It's helping what you're doing. Awesome. Cool. So the next intensive, it's approaching pretty quickly. And I'm going to be doing something this intensive. I've never done before as I think it's going to be fitting with the amount of successful case studies that we've had here this year.

They've really ramped up. And I'm inviting a few students to actually teach and train it at what it is that they do. And they're going to be up there training with me and showing what they do. So you're going to be sharing this. I've invited you to come out and your specific approach, give you little nuances and share the nuances to your strategy. Someone that's thinking about attending, why should they attend? What can they expect to see from you, Josh?

Yeah, I'm going to just walk through step by step exactly what I'm doing. I mean, there's no secrets. It's literally from A to Z every step of the way and how I do it, how I buy my homes, what's working for me there, how I'm getting my discounts, how I'm structuring my contract, how I figure out how much I can sell the house for, which is often a lot more than the house is actually worth. If I'm selling it to a homeowner, they're willing to pay that. And then I'm walking through exactly the way I find that homeowner, because that's another part of the business that I had to learn.

Yeah, so essentially A to Z exactly the steps that I'm taking and how it works. Perfect. Great. Well, I'm looking forward to it. I'm going to let you go. I know you're busy. But thanks for sharing that and giving people a little bit of a sneak peek

of what they can expect to experience. Hey, who's the community? Hello, girl. This is why I'm quitting my job so I can hang out with him. That's fantastic. All right. Josh, I'll let you go, bud. Take care.

All right. Thanks. Bye-bye. Yeah, yeah, we got the cash flow. Yeah, yeah, we got the cash flow. Yeah, yeah, we got the cash flow. You didn't know homeboy. This podcast is a part of the C-suite radio network.

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