Cashflow Diary™

Author  of  the  book “Free  Houses”,  Austin  Miller  has  built  a  real  estate  portfolio  of  16  units  worth over  1.2  million  dollars  with  little  to  zero  of  his  own  money.  Over  the  course  of  acquiring  several properties,  he  is  fittingly  labeled  as  a  creative  financing  real  estate  investor.  Thinking  outside  the  box from  traditional  investing,  Austin  has  outlined  each  of  his  strategies  chapter  by chapter  in  his  book.

After  working  for  corporate  America  for  five  years,  he  was  able  to  quit  his  job  to  pursue  real  estate and  small  business  ownership  full  time.  Aside  from  real  estate,  Austin  enjoys  spending  time  with  his family  and  his  church  group.  His  other  passions  include  music  and  hunting.  He  also enjoys  talking about  real  estate  with  anyone  interested—veterans  and  rookies  alike.  He  is  active  in  his  local investors  club  and  serves  as  a  mentor  for  new  investors.

Podcast Highlights

• Who is Austin Miller?

Austin wears a lot of hats but at the end of the day he’s someone who is willing to work really hard to achieve his goals. He has always been a collector and really liked acquiring capital and assets as part of his business.

Living in the midwest gives Austin a unique perspective from the cities on the coast, he knows that slow and steady strategy is the way to win the race.

• Cards To Real Estate Investing

It takes the innocence of a child to point out the obvious. Seeing developers as a child put Austin on the path to real estate investing.

After getting a job with a commercial real estate builder in 2009, he observed the economy turning around and decided to pursue his dream of real estate investing. Austin needed to get some additional education in order to get started with real estate. Austin feels that he learned more in the six months after he graduated than during his whole time in school.

• Free Houses

There is no secret in real estate, the education is out there if you look for it. Especially now with the number of podcasts available.Just being around people that want to do the same thing as you is very helpful.

There is no such thing as a free lunch, but as long as you are willing to exchange time and effort, you don’t need any money.

There are a lot of different ways to access cash to fund your deals and it’s normally the first hurdle people face. You have to start thinking in terms of possibilities instead of limitations.

You can Google private money and you can find a funding source. Your average bank wants 20%, but when you change the conversation beyond the usual perspective you can open a lot of opportunities.

Some people have a lot of drive, and some don’t. The world is made for disciplined men, if you get distracted you will never achieve your dreams. Most people will find excuses instead of doing the work.

Real estate investing is an evolving game. Single family homes is one of the most solid investments you can make but there are lots of other opportunities on the market.

Those who walk with the wise, become wise. If you want to learn, teach.

Reference: Free Houses, Austin Miller

• Austin’s Takeaway

Remove the naysayers, internal and external. If you have a goal, remove the negativity because it will only slow you down.

Links:

Free Houses

austin@hickoryhomebuyers.com

Thank you for listening! If you enjoyed this podcast, please subscribe to the show on iTunes!