Scaling to 70 Doors and Financial Independence with Henry Washington

Passive Wealth Strategy Show - Real Estate for Busy Pros

Taylor welcomes Henry Washington, a real estate investor who scaled to financial independence with over 70 doors in just five years. Hear how Henry made the decision to become a successful real estate investor and achieved his goal within 90 days by leveraging his network, borrowing from 401Ks, and positioning himself for success. We hear all about the challenges new investors face in real estate and the advice to focus on finding a good deal and leading with service. Learn how providing value and helping others can help you stand out among other investors and how focusing on learning what a good deal looks like in your market can help you find success. Tune in now to get inspired by Henry’s story and learn strategies for becoming a successful real estate investor!

[00:01 - 08:10] Opening Segment

• Henry Washington scaled to financial independence through real estate with over 70 doors
• Started his journey by getting his financial house in order and saving money
• Realized the importance of owning real estate for cash flow, appreciation, passive income, and generational wealth

[08:11 - 13:55] How One Man Achieved Financial Freedom Through Real Estate Investing

• How Henry decided to become a successful real estate investor
• Surrounded himself with successful investors and attended meetings consistently
• Introduced himself as an investor to everyone
• Found first deal through a friend who needed to sell a property quickly

[13:56 - 21:08] Using Mindset and Networking to Scale Business

• Changing your mindset helps you position yourself for opportunities
• Mindset does not do all the work for you, it just sets you up to take advantage of opportunities
• Figuring out how to buy a house without a real estate agent
• Leveraging the network to find the money for a 15% down payment
• Borrowing against 401K pre-tax and tenants paid back the loan

[21:09 - 26:32] Finding Good Deals and Lead with Service to Stand Out as a New Investor

• Real estate can be overwhelming for new investors due to its flexibility and multiple exit strategies
• Focus on finding a good deal and buying it, as that is the lowest common denominator for success in real estate
• Lead with service by offering to help successful people in networking events without being asked
• Provide ideas on how you can help rather than asking someone to give you something to do
• Offer what you can do instead of asking a busy person how you can help them

[26:09 - 26:33] Closing Segment

• What is the best investment you’ve ever made?
  • Buying 8 units early on
• What is the worst investment you ever made?
  • Buying 12 units because they looked good on paper
• What is the most important lesson you've learned in business and investing?
  • The real estate business is a people business
• See the links below to connect with Henry!

Connect with Henry through Instagram, or visit www.HenryWashington.com.

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Quotes:

"Put the blinders on and don't do anything else until that's what you're good at, then you'll get to figure the rest out along the way." - Henry Washington

“It's that your mindset helps you put yourself in a position to be ready to take advantage of the opportunities when they come.” - Henry Washington