Be inspired by today’s guest, Joshua Oak! He’ll share three capital hacking strategies that helped him fund his deals. His first attempt to raise capital failed, causing him to lose a great deal which he still regrets up to this time. But he didn’t stop there.
He’ll talk about how he loaned money off his retirement fund, cross-collateralized it, and bought five houses. He’ll also share how, just by talking to people about real estate, he came across a 12-unit apartment deal. He blended his cash with human capital and became successful even though he bought it at the beginning of Covid in March 2020. They’ve had these apartments for two years, and it has cash-flowed like crazy! Listen to his story now!
Key Points from This Episode:
- Josh’s backstory from 2013 about learning how to invest in real estate through podcasts.
- Josh’s first property and cash flow.
- His first attempt at raising money that didn’t work.
- How Josh used his Thrift Savings Plan (TSP) to loan $30,000.
- Josh’s strategy of blending his cash with human capital to create wealth.
- His six-unit deal that didn’t happen because of a lack of funds.
- Finding a deal simply by networking.
- Why and how to support Josh’s investment deals.
Tweetables:
“Podcasting is where I’ve gotten all that education.” – Joshua Oak
“Formal education will make you a living, the self-education will make you wealthy.” – Jim Rohn
“Anybody can do this (podcasting). I mean, I don’t have a college degree. I’m a firefighter. I’m not even a computer guy. So, you know, anybody can do this. It’s just getting the education. And frankly, podcasting is the best platform to do so. I’d like to think I have a college education for free through podcasting.”
Links Mentioned
E16: Cashflow Ninja and Wealth Strategist MC Laubscher
E125: “Clues in the News” with Russell Gray of The Real Estate Guys Radio
Contact no. 620-804-1874
About Joshua Oak
Joshua’s current investment portfolio includes partnerships in a 12-unit apartment complex and 5 single-family homes. The 12-unit complex deal took creativity to put together and formed a $20,000 personal loan from Josh’s coworker to pull it off! It is a fantastic deal and has provided Josh cash flow every month and solidified his desire to be financially free with real estate. He also owns 5 single-family homes as a 50% partner. These houses were his ‘foot in the door’ to real estate investing.
Josh loves real estate. He got his real estate license in 2017. His current strategy includes working on a cash-out refinance on the five houses and trying to save as much money as possible to take advantage of any opportunities that are about to present themselves, given the current state of the economy. His future goals include working on syndications or partnerships for larger investments, gaining experience with podcasting, and expanding his network.
