The #DoItMovement® Podcast

Building a Rental Empire with Will Galloway

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Description

In this episode of the #DoItMovement® Podcast, host Martine Richardson and co-host Lori Eubanks interview Will Galloway, who shares his inspiring journey from struggling in real estate to becoming a successful wholesaler and property manager. Will discusses his early experiences in real estate, the challenges he faced, and how he pivoted to wholesaling and Section 8 housing. He emphasizes the importance of community, education, and mentorship in achieving success in real estate. In this episode, Will Galloway shares his journey in real estate, emphasizing the importance of networking, coaching, and continuous learning. He discusses how surrounding oneself with the right people can lead to significant personal and professional growth. Will highlights the transformative power of masterminds and the invaluable relationships formed within these communities. He also touches on the necessity of investing in oneself, the impact of reading, and the joy of giving back to others in the real estate space.
takeaways
  • Will's journey in real estate began in 2007 with his first house purchase.
  • He faced significant challenges during the 2008 market crash, leading him to exit real estate temporarily.
  • Will discovered wholesaling in 2012, which allowed him to enter the market without significant capital.
  • He built a large rental portfolio by reinvesting his wholesale profits into properties.
  • Section 8 housing provided a stable income stream and reduced vacancy rates for Will's properties.
  • Networking and community support were crucial in Will's real estate journey.
  • Education and mentorship played a significant role in Will's success.
  • Will's determination and hard work were key factors in overcoming obstacles.
  • He learned the value of patience in holding onto properties for long-term wealth.
  • Will's story highlights the importance of adapting strategies in real estate. The power of networking and relationships is invaluable.
  • Investing in coaching is investing in your future.
  • Breaking through plateaus requires surrounding yourself with smarter people.
  • Environment plays a crucial role in personal growth.
  • Transformative coaching experiences can change your life.
  • Continuous learning is essential for success.
  • Reading can significantly impact your mindset and knowledge.
  • Investing in yourself leads to better outcomes.
  • People in different markets often share valuable insights.
  • Giving back to the community is a rewarding experience.
Sound Bites
  • "I'm so blessed to be here."
  • "I closed my first deal in 2013."
  • "I lived and breathed it."
  • "I had to believe that it worked."
  • "I had to get further education."
  • "It's all about environment."
  • "It changed my life."
  • "You need a mindset shift."
Chapters
00:00Introduction to Will Galloway's Journey
03:11From Real Estate to Nightclubs and Back
05:59The Shift to Wholesaling and Building a Portfolio
08:58Exploring Section 8 Housing
11:57The Importance of Community and Networking
15:06The Role of Education and Mentorship
18:01The Drive to Succeed and Overcoming Obstacles
23:33The Power of Networking and Coaching
24:48Investing in Your Future
25:40Breaking Through Plateaus
26:38The Importance of Environment
29:08Transformative Coaching Experiences
31:00Continuous Learning and Growth
32:21The Impact of Reading
34:34Investing in Yourself
36:20Building a Community and Giving Back
 
Contact Martine Here:
linktr.ee/martinerichardson
 
Contact Lori Here:
vitalizedproperties@live.com