How To Retire In Your 30's Part 3

How To Retire In Your 30's Part 3

Some people ask me "why did you retire so early, you could have stayed working even though you own rental property?" That is a good question and the truth is I could have kept working, but their are some very important reasons why retiring early makes a lot of sense. One big reason is the mental shift one makes when you no longer have a job you can count on. I was not the first one of my friends to leave my job and "retire" early. I have 3 friends that left their jobs in their 20's, and three more that left their jobs in their 30's. They all live great lifestyles.

None of them created their wealth through real estate, but I could tell early on that they "thought" different from me. Imagine the peer pressure I was going through when so many of my friends retired early and I was still working a job! At least I wasn't the last one to retire! I am so thankful that I had the opportunity to know such people. They gave me the hope that I could also do it. And so can you! Another big reason to retire early is due to the current economic climate we are in. Job security is a thing of the past. If you think you have a secure job you are in trouble. If you don't have to rely on a job for income then you are ahead of the curve. Being able to create income out of nothing is a very important concept. As long as you can do that you will not have to have a job. One year ago from today I had done 19 deals (in my first 2 years) now I am well over 40 deals heading towards 50 and a big part of that is not having to work a job. I have never used much of my own money to fund deals-that is a key to velocity! I currently have 6 deals pending a close in the next 30-40 days (I don't have the funding to do every one of these deals so I may have to assign a couple of them). I wouldn't be able to do that if I was working a job.(By the way, if you think millionaires never have money problems think again! I am always over extending myself, doing deals that I don't have the money to do!-That process is what makes me stronger.) Now let's talk stategy.

The ultimate way to build wealth:

I hope that everyone reading this realizes that one real estate deal will not make you rich. You have to do several real estate deals, in as short of time as possible, to get free from your job.

Here is the problem that everyone faces. Most people can't buy real estate right now because the banks are asking for a down payment. That is a fact. Even my bank won't allow me to do a deal without a down payment! So the question that most people are asking right now is this: How am I going to do 10-12 real esate deals in the next 12-18 months when I can't even come up with the money to do my first one?! That is a great question and I will answer it in detail in Part 4!

How To Retire In Your 30's Part 1
How To Retire In Your 30's Part 2


You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!

part 3

Thanks CBR, Looking forward to the details in part 4!




Watch your thoughts; They become words,
Watch your words; They become actions,
Watch your actions; They become habits,
Watch your habits; They become character,
Watch your character, it becomes your destiny.

Frank Outlaw

Part 3 Job Security (or lack thereof)

CBR, thanks for Part 3.
I have to say the "jobs" I've had have just been things I love to do that I ended up getting paid for, so they were no burden. But they still got in the way of Real Estate Investing when it came right down to it. I have eliminated one, and have almost phased out the other (I hope to have more time later to strictly volunteer again in these areas). BUT I also know that my husband's job, which has been our bread & butter, is not necessarily a guarantee, nor will his body be able to hold up to the grueling demands of the construction business as we get older. I am glad to know (even if he doesn't believe me yet) that there is hope in the near future of him being ABLE to retire much earlier, with the newfound knowledge I have and the rate at which we are gaining passive income.

All the REI I've done has basically been No Money Down, as well. I think lately I've put a mental roadblock in my mind telling me it's going to get harder (because of things I've read/heard). I know better than to listen to that and, CBR, I look forward to hearing the answers in Part 4. Thanks again for sharing all that you've learned with us. (And I have taken everything you've told me to heart, not lightly. Thank you.)


P.S. Congrats again on your retirement!


"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)

"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11

For a little about me, welcome to the site, and a few tips for new DG family members, click on this link:


I enjoy always enjoy your post. It gives me an edge to keep pushing forward. I will be on the look out for Pt.4



"The entrepreneur always searches for change, responds to it, and exploits it as an opportunity." β€” Peter F. Drucker

down payments

all banks want/need where does your down payment money come from? We always hear no money down, but we also all know that there has to be money down!

So everyone, please list the places you get your down payment from... I'll start.

I finally did my first deal(still waiting on closing)I got my DP money from myself. I was fortunate to have grown up a saver! From watching everyone else around me have nothing, I acted differently than them....I SAVED!

After this deal goes through I will refi and get my DP money back...then do it again, and again...


Don't Wish the Past, Create the Future! - DH

Cant wait for Part 4!!

Thanks for a great Part 3 - and the suspense ending for Part 4 has me crazy Smiling
Hazco - with regard to down payments - I too grew up a saver...and since I own my home outright I have a Home Equity Line of Credit I used for my first DP and rehab....paid it all back and have it ready and waiting for my next deal, which I am having a hard time finding believe it or not!
But CBR, I cant wait to hear your great wisdom of how to do MANY deals in a short time! This is my dream...and while I only wish I had found real estate in my 20s or 30s (I'm in the 50 something club)I still believe that this will be my answer to retiring from my 'regular' job. My goal is to be doing RE full time by end of next year!

Welcome to the Club Laura

Like you, I am in the fifties club. However, it is never too late to acquire the millions. Well done CBR, as one will say your Part 3 was user friendly and to the point. It is like reading a good book and hoping that the end will never come. You keep us thirsting for more i.e. knowledge. Addressing the no down payment issue is something that needed to be addressed, more sooner than later. This is the point in time where the answer to the question of where the down payment may arise will be helpful to all of us. There is no need to feel guilty when finances are unavailable. As individuals, at times we are thrown in situations where we have to overextend ourselves. In addresses obstacles and challenges to success mean doing a reality check of ourselves and putting plans into action. CBR has been honest by explaining that at times not having funding is not a hindrance, but rather another way of "taking the bull by its horns", that of still doing the deal, even if it means reassigning. Great posting CBR, anxiously awaiting Part 4.



"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.


Congratulation on your retirement CBR! Thanks for the great post and i wish you all the best. You have inspired me to go after my dreams and so far i've purchased 4 properties in the last six months. I know that's nothing to you in terms of properties, but i think it's a great start. I'm setting goals to get 10 in 2009. Once again, congratulation and enjoy your retirement!



4 properties is fantastic! Do you rent them out, or did you 'flip' them?


Thanks Laura! They are all rented out. I'm going to hold on them for a while until the RE market recovers. The mean time, i'm getting cash flows on all of them.

Looking forward to Part 4

Looking forward to Part 4. Although i've managed to get one property on 95% financing, but i'm looking forward to part 4 and how Matt is making $$ without any $$ down.



Are your mortgages financed as owner oc or investment properties. If owner oc can you mention how you were able to do that?

Really looking for forward to Part 4

Well CBR, I can't figure out if I love ya or hate ya (LOL--probably just somewhat envious of your success and confidence although I can be happy for other's victories--Congrats!). I definitely admire you and very much appreciate your willingness to share your wisdom! I will be watching for part 4. Maybe it will be the answer I need to help me confirm that I ought not even be thinking about accepting full-time employment with one of my other jobs and should absolutely focus on real estate. There is the battle in my mind that says a full-time job sure would make it easier to get loans and give me more of a cushion to work with but I also know having something else to fall back can prevent success. I'd be interested to know how long and how many deals you had to do to replace your income.

HAZCO..As far as answer to down payments I have (in the past) used equity from one property for down payment on the new and like everyone else who has replied, been one who saves. My latest deal will be funded almost entirely by a family member. My mom got me into this business years ago so she knows it works and completely trusts me.

I am sure that CBR would confirm that once you have established credibility, other want in.


"Whether you think you can or can't, you are probably right" Henry Ford


I purchased them both as owner occupancy and investment properties. The first house i've purchased in May 1, 2008 was an owner occupancy. It needed some work of which i moved in as the repairs were being done. While i was staying there, i've purchase others homes as rental properties. The seller was an out of towner and wanted to get rid of the property. I made an offer which was 20% less then the FMV. This particular property has renters living there for about twenty years. I did not have to do any advertising as they were already living there. It's an older couple, and they were happy with everything given that they had lived there for almost twenty years. They did not want me to do any upgrade on the house and they were just as happy with everything as is. This particular property has cash flow over $200.00. The other property i just purchased last month, i just moved in, i bought for 30k less then the appraised value, (apprasided at 140k and bought it at 110k) and the bank has financed for 95 percent. The the first property i purchased in May has turned into another rental property with $185.00 cash flow. I have another property in Utah is also being rented out and has over 60k equity. This particular property does not have a cash flow as the renters are paying $1,725.00 per month, but they are building more equity for me. I have two more properties i purchased in tax sales of which i just paid taxes for 2008 yesterday, and it's just a matter of time before i turn them into rental properties as well, and another deal in place hopefully i get to close on it by the end of the week before i take a much needed trip for a month back to the island. I hope this help and feel free to pm me if you have any further questions!


Tax Sale Properties

Hi Lloyd,

My question is how do I find tax sale properties?

Thank you!


What about Part 4?!

ok Matt, we've read 'How to Retire in your 30's Part 1', Part 2, and Part 3...
are you going to post Part 4??

I'm sure everyone here would love to read it if you post it...

Learning and progressing every day,



β€œAnd will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss

"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown

My journal:


where is part four hello MATT


up up


Mike Free tools

Yes, I am looking forward to part 4

as well. Hope that it is still coming as this was several years ago. Bump!

__________________ website FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.

Matt said:

"Here is the problem that everyone faces. Most people can't buy real estate right now because the banks are asking for a down payment. That is a fact. Even my bank won't allow me to do a deal without a down payment! So the question that most people are asking right now is this: How am I going to do 10-12 real esate deals in the next 12-18 months when I can't even come up with the money to do my first one?! That is a great question and I will answer it in detail in Part 4!"

This answer should be EASY for most of you that have been here a while and have read and studied REI


Mike Free tools

are we STILL waiting on part 4?

or did I miss it?

3 months later......and waiting


Mike Free tools

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