Wealthy Way How to be a SUCCESSFUL Real Estate Agent & Investor in 2023 | Ricky Carruth
This podcast episode features Ricky Carruth, a prominent real estate agent known for flipping over 150 homes and having a significant presence on YouTube with more than 500 million views and over a thousand videos.
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Connect with Ricky!
Instagram - https://www.instagram.com/rickycarruth/
YouTube - @RickyCarruth
Ricky's approach to real estate aligns with Ryan's vision of a successful realtor.
Interestingly, a large number of real estate agents don't invest in real estate themselves. Ricky is an exception, generating over a million dollars annually as a realtor while also investing in real estate. He believes in providing advice based on personal experience.
The emotional journey of a real estate agent can be a roller coaster due to disappointments and frustrations. Success in this field demands the resilience to handle these ups and downs. Transitioning from a W-2 employee to a 1099 independent contractor brings its challenges. Ricky and Ryan advise that joining a real estate agent team offers security but limited growth, while going solo presents more income potential but higher risk. Finding a mentor is the optimal approach, but it's not the norm due to the nature of the industry.
Ryan shares his experience with a brokerage where he invested in new agents who didn't reciprocate the effort. Confidence is crucial for real estate success. Faking confidence until it's ingrained, surrounding oneself with confident individuals, and continuous education contribute to developing
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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