238: Becoming a Real Estate Millionaire on a Teacher’s Salary with Michael “Swanny” Swan

<p>Is it possible to invest in real estate if you live in an expensive market—and earn a teacher’s salary? According to today’s guest, it’s not only possible, but it can be incredibly profitable! </p><p>Today’s guest,&nbsp;<strong>Michael Swan</strong>, is a P.E. teacher who lives in San Diego but has used the valuable real estate concept known as “trading up” to acquire millions of dollars in real estate. You’ll learn why Michael liquidated his entire retirement plan to buy his first few deals, the truth about “luck” and real estate, and some fantastic tips for buying and managing properties—even from a distance. (And if you work a full-time job or make less than $100,000 per year, this show might just change your life!)</p><p>In This Episode We Cover:</p><ul><li>Why Michael’s nickname is&nbsp;<strong>Swanny</strong></li><li>How he realized his&nbsp;<strong>financial ladder</strong>&nbsp;was leaning on the wrong building</li><li>Tips for utilizing&nbsp;<strong>IRAs and penalties</strong></li><li>Whether purchasing&nbsp;<strong>11 condos</strong>&nbsp;is a good idea or not</li><li>The story of the&nbsp;<strong>15-unit</strong>&nbsp;apartment complex</li><li>How he went from $5k in&nbsp;<strong>cash flow</strong>&nbsp;to $24k</li><li>Whether&nbsp;<strong>luck</strong>&nbsp;had to do with his great deals</li><li>Tips for buying areas in with both&nbsp;<strong>cash flow and appreciation</strong></li><li>His formula for&nbsp;<strong>financial freedom</strong>&nbsp;(using multifamilies)</li><li>A discussion on&nbsp;<strong>single families versus multifamilies</strong></li><li>How to&nbsp;<strong>find deals</strong>&nbsp;in your market</li><li>Tips for seeking out the perfect<strong>&nbsp;property manager</strong></li><li>How many&nbsp;<strong>units</strong>&nbsp;he has now</li><li>How to tackle&nbsp;<strong>big projects</strong></li><li>How he manages his work with his time as a<strong>&nbsp;teacher</strong></li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li><a href="http://