Retiring Early with Real Estate, a True Story! with Veronica & Will Pritchett
08/02/22 • 38 min
1 Listener
Will and Veronica Pritchett are truly a power couple! He is a Firefighter, and Veronica quit her job as the assistant principal of a high-school to work full-time on their real estate business! They started with a simple rental, and are now avid users of the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat). They have gotten so good at this that they have private lenders lined up to invest with them. This allows them to purchase the property with ZERO money out of their own pocket!
[00:01 – 05:39] Opening Segment
- Retirement through real estate investing with the firefighter-educator couple, Will and Veronica Pritchett
- Financial freedom is possible even if you’re not from extreme wealth
- Will talks about their experience using BRRRR Strategy
[05:40 – 15:07] Building Business towards Financial Freedom
- Will shares about their experience in creating first partnerships with lenders
- Veronica talks about their roles in their business
- Success is earned through a team approach
- The difficulties of being a woman in a man-dominated field
[15:08 – 29:01] Strategies to Keep Your Business Growing
- Always have multiple exit strategies
- Business takes risks and sacrifices
- Personal and Business goal settings
- Constantly Moving and Adjusting goals
[29:02 – 36:58] Closing Segment
- Quick break for our sponsors
- The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com
- What is the best investment you've ever made other than your education?
- Prioritizing travel as a family
- Network building and network maintenance
- Will and Veronica’s worst investments
- Locking up too much money for long, long term
- Selling properties outside the 10:31 exchange
- What is the most important lesson you’ve learned in business and investing?
- “Remain patient and consistent”
- “Understand the reason why you’re doing this.”
Connect with Will and Veronica Pritchett through homeagainessay.com and Instagram.
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
Resources Mentioned
Tweetable Quotes:
“It does feel slow starting out, one rental is probably not gonna get you there. But start with the first one, learn what you can, continue to educate yourself.” – Will Pritchett
“I think you have to have a plan. You've got to readjust as things happen.” – Will Pritchett
“I think the biggest lesson was to be really patient and consistent” – Veronica Pritchett
Will and Veronica Pritchett are truly a power couple! He is a Firefighter, and Veronica quit her job as the assistant principal of a high-school to work full-time on their real estate business! They started with a simple rental, and are now avid users of the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat). They have gotten so good at this that they have private lenders lined up to invest with them. This allows them to purchase the property with ZERO money out of their own pocket!
[00:01 – 05:39] Opening Segment
- Retirement through real estate investing with the firefighter-educator couple, Will and Veronica Pritchett
- Financial freedom is possible even if you’re not from extreme wealth
- Will talks about their experience using BRRRR Strategy
[05:40 – 15:07] Building Business towards Financial Freedom
- Will shares about their experience in creating first partnerships with lenders
- Veronica talks about their roles in their business
- Success is earned through a team approach
- The difficulties of being a woman in a man-dominated field
[15:08 – 29:01] Strategies to Keep Your Business Growing
- Always have multiple exit strategies
- Business takes risks and sacrifices
- Personal and Business goal settings
- Constantly Moving and Adjusting goals
[29:02 – 36:58] Closing Segment
- Quick break for our sponsors
- The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com
- What is the best investment you've ever made other than your education?
- Prioritizing travel as a family
- Network building and network maintenance
- Will and Veronica’s worst investments
- Locking up too much money for long, long term
- Selling properties outside the 10:31 exchange
- What is the most important lesson you’ve learned in business and investing?
- “Remain patient and consistent”
- “Understand the reason why you’re doing this.”
Connect with Will and Veronica Pritchett through homeagainessay.com and Instagram.
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
Resources Mentioned
Tweetable Quotes:
“It does feel slow starting out, one rental is probably not gonna get you there. But start with the first one, learn what you can, continue to educate yourself.” – Will Pritchett
“I think you have to have a plan. You've got to readjust as things happen.” – Will Pritchett
“I think the biggest lesson was to be really patient and consistent” – Veronica Pritchett
Previous Episode
From $600k in Debt to Inc 5000 Fastest Growing Business (6 Times!) with Todd Palmer
Todd Palmer is a highly sought-after speaker, executive coach and longtime CEO committed to supporting entrepreneurs because he believes that an entrepreneur alone, is an entrepreneur at risk. As the CEO/Entrepreneur of Diversified Industrial Staffing for over 25 years, Palmer knows the struggles business leaders face in creating work/life integration. With the mindset shifts and business techniques shared in his new book From Suck to Success: A Guide to Extraordinary Entrepreneurship, he transformed this company into one of the fastest growing companies in America, landing it on the INC 5000 list an impressive six times. He brings a unique blend of authenticity, transparency, and vulnerability to help leaders and organizations achieve their highest goals, helping CEOs and entrepreneurs create a life by design with his proven framework for helping business owners achieve success. Todd Palmer is an opinion columnist for CEOWORLD magazine.
[00:01 – 07:56] Opening Segment
- Extraordinary Advisors with extraordinary advisor, Todd Palmer
- Todd talks about his experience the Imposter Syndrome
- The Problem Couldn’t Be Solved Alone!
[07:57 – 14:57] From $600k in Debt to Inc 5000 Fastest Growing Business (6 Times!)
- Micromanagement mistakes that led to Todd’s ‘Hire for DNA not for resume’ model
- How to Be a Better Leader by Running at an Optimal Level
- Intention versus Expectation
[14:58 – 25:10] Strategies to Keep Your Business Growing
- Why You Should Focus on Margin over Revenue
- How to Shift Your Model to be Margin over Revenue
- Be flexible and sustainable
- Strategies to Get the Best Employees
[25:11 – 30:11] Closing Segment
- Quick break for our sponsors
- The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com
- What is the best investment you've ever made other than your education?
- Committing to become a lifelong learner and on himself
- Todd’s worst investment
- Thinking that experience trumps talent
- What is the most important lesson you’ve learned in business and investing?
- “Success is freedom and flexibility.”
Connect with Todd Palmer through [email protected]. Grab your copy of From Suck to Success(fromsucktosuccess.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
Tweetable Quotes:
“A lot of entrepreneurs build themselves jobs but do not know how to build themselves a business.” – Todd Palmer
“People don’t leave a company. They leave a boss. First thing you want to be is to be an employer of choice.” – Todd Palmer
“You still need people.” – Todd Palmer
Next Episode
The Good, Bad, and Ugly of LLCs for Real Estate Investors with Garrett Sutton
Garrett Sutton is a rich dad advisor and an attorney at law is dedicated to helping business owners protect their corporate veils from being pierced by numerous liabilities and lawsuits. Sutton has been a business owner for over 35 years, and with a background in law, he is an expert on the various legal formalities and how to protect corporate companies from unwarranted liabilities. In his most recent book, "Veil Not Fail," he discusses a wide range of difficulties and lessons learned as well as several methods and approaches for avoiding these mistakes. He shares his authenticity, honesty, and lessons learned from his experience in order to assist entrepreneurs in becoming familiar with and establishing themselves in the formalities of the law and effectively protecting their hard-earned businesses.
[00:01 – 06:30] Opening Segment
- Corporate entities with rich dad advisor, Garrett Sutton
- Garrett talks about his law background and how he ends up being a rich dad advisor
- Veil not stale by Garrett Sutton
[06:30 – 18:03] The First Steps of Creating Protection of Your Business
- Publicize yourself operating through an entity rather than your own
- Why you should choose LLC as your business entity
- State corporate laws and which state is best to choose
- Have an umbrella policy of insurance
[18:03 – 27:36] Strategies to Protect your Business
- Be educated on the formalities of the law
- Have a registered agent in the state where the company was formed
- Follow the formalities of state laws
[27:36 – 30:11] Closing Segment
- Quick break for our sponsors
- The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com
- What is the best investment you've ever made other than your education?
- Learning about tax liens
- Garrett’s worst investment
- Investing in a publication called Sonoma monthly
- What is the most important lesson you’ve learned in business and investing?
- “You need to have the right partners on the team”
Connect with Garrett Sutton through corporatedirect.com/schedule. Grab your copy of Veil Not Fail.
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
Resources cited
Tweetable Quotes:
“You don’t want anyone to think they’re doing business with you personally.” – Garrett Sutton
“You can't have a good business with a bad park, you know, you need to have the right partners on the team.” – Garrett Sutton
“You can't run your LLC operations through your personal bank account, they're going to pierce the veil in that situation. – Garrett Sutton
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