Episode 136: How to Save Money for Real Estate Investments with Rylee Knox
How does one start saving money for real estate investments?
In this episode of The Real Estate Mindset podcast, our guest Rylee Knox, we follow his fascinating journey from working for the Department of Defense to a successful career in real estate. Riley shares his wake-up call that led him to reevaluate his life and pursue his passion in real estate. Listen as he reveals how he and his wife started with just two rental properties, used their incomes and built relationships with local banks to create a real estate empire that now consists of 70 units.
We also discuss the advantages and misconceptions surrounding the wholesaling business model, and how creating win-win solutions can be a powerful approach in real estate. Finally, Riley shares his views on wealth building and education. He emphasizes the importance of understanding oneself and one’s goals, and challenges the notion that college is the only path to success. His experiences reveal the power of discipline, time management skills, and not being afraid to ask for what you want. Moreover, he speaks on the importance of prioritizing family and making financial decisions that align with one’s values.
What we discuss:
00:02) – Riley Knox’s Journey Into Real Estate
(09:10) – Miscarriage, Faith, and Transition to Real Estate
(16:09) – Real Estate Investments and Win-Win Solutions
(29:47) – Wholesaling and Win-Win Business Solutions
(38:27) – Building Wealth and College Education
(48:49) – Prioritizing Family and Creating a Valuable Life
To learn more about Rylee: