Dude, Where's My House? (Jimmy Vreeland)

Jimmy Vreeland went from being an active duty Army Ranger (thanks for your service Jimmy!), to concentrating on building passive income thanks to Robert Kiyosaki's little purple book. His first deal wasn't a home run at first, but the longer he held it the more he realized it was turning into a grand slam.

And that's what he loves about real estate, as a long-term asset it's almost impossible to screw up. You just need to buy at a decent price and hold on to the property.

And if you think that's exaggerating, Jimmy actually forgot he owned a house but held onto it long enough that he still made money on it.

 

Resources Mentioned In The Video:

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Want to learn how to combine the VAULT life insurance strategy with Real Estate investing?

https://reiclub.com/cashflowtactics

 

Rich Dad Poor Dad - Robert Kiyosaki

https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612681123

 

Rich Dad's Conspiracy of the Rich: The 8 New Rules of Money - Robert Kiyosaki

https://www.amazon.com/Rich-Dads-Conspiracy-Rules-Money/dp/0446559806

 

⏰ Key Moments in this Episode ⏰

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00:00 Jimmy Vreeland - Real estate investor

02:00 Secrets the Wealthy Use To Print Money

03:15 "Throwing Darts at the MLS"

04:28 Newbies Survive the Great Recession

06:30 2 Huge Mistakes in Real Estate

08:40 The 4 Ways to Win in Real Estate

10:36 Forgetting You Own a House

12:27 CashFlow Tactics & Turn-Key Rentals

14:36 The VAULT & Velocity of Money

16:10 How Politicians Create Wealth

18:34 Interest Rates Doubled, Asset Prices Tripled?

 

Transcript

Jimmy Vreeland:

I forgot about a house I owned. I literally forgot about it. was still paying the mortgage, but didn't, was not, it wasn't in my property management software. I did. Wasn't in my mind that I owned this house. I drove by it like every day too.

George Uno:

Hey guys, this is George Uno from REIClub. Thank you so much for joining me again for another episode of First and Worst. Now today my guest is a guy who went off to West Point then he got deployed overseas, Iraq and Afghanistan serving our country. And he actually read the little purple book over there overseas and got into his mind, hey that passive income sounds really good compared to what I'm doing right now. So while he was still on active duty, he started building up that passive income, and from there things just snowballed and took off. And before he knew it he was, you know, had 60 doors of his own and was like, wow, this is amazing. but Jimmy, let's get to know you man. How are you doing over there in St. Louis?

Jimmy Vreeland:

Good , how you doing, man?

George Uno:

I'm doing great. So how many deals you guys have going on right now?

Jimmy Vreeland:

so, we'll, we'll do 120 turnkey, and we'll do around a hundred wholesale this year. So we got 20 to 25 deals going on at any given time.

George Uno:

That's crazy. All right, well so that's probably a lot to manage so I don't wanna keep you too long, but take us back. Take us back. So you're in Afghanistan, or sorry, Iraq. You read Rich Dad, poor Dad. And how does that change the way you're looking at life and, and planning for things?

Jimmy Vreeland:

Growing up, I thought the only way you could become wealthy was to be like to be f