Transitioning From High Pay Job to Full Time Real Estate with Doug Meyers

Property Profits Real Estate Podcast

Doug Meyers is a former mining engineer who used real estate investing to provide the income to leave his previous full-time employment. This gave him the opportunity to pursue other passions and business interests with his full attention. He has a portfolio of condos, duplexes, and triplexes across Western Canada, and is a partner in an active flipping business in Saskatchewan.

An award-winning investor and Keyspire Success Story, Doug is the host of RevNYou’s very own RevNYou with Real Estate Podcast where he interviews real estate investors in all walks of life. He is also the host of The Grow Give Expand Podcast, where he speaks with entrepreneurs and business owners, uncovering the personal practices and systems that help them live successful, meaningful lives.

In this episode, Doug shares how he left a good-paying job as a mining engineer to pursue a real estate business full time. And how he has never looked back since as he enjoys owning a portfolio of different properties and impacting other's lives, as well.

Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/

What you'll learn in just 17 minutes from today's episode:

• Find out the different investment strategies to employ to get deals one after another
• Learn how he cash flows from the first properties he bought and scaled into something bigger and finally quit his day job in so short a time
• Find out his two cents worth about getting good property management

Resources/Links:

• Website: https://www.revnyou.com/

Topics Covered:

01:57 - How his journey in real estate went from being a hobby to one of a full-time business 05:17 - How he started buying properties in places where he’d lived and worked as a mining engineer and cash flowing from them 07:57 - What his second and third deals are and how he came to realize to scale up even bigger from then on 10:17 - How he got deals one after another 13:19 - What he says about looking for good property managers

Key Takeaways:

“And here are some things that you can do to purchase more property -- learning about joint ventures, learning about private lending and borrowing, learning how to create a deal as opposed to just going on the MLS and hoping to find something. That's what I did. We doubled the portfolio within a matter of a year. That was my goal. So, I went from three to six properties and did it in a variety of ways.” - Doug Meyers

“I'm not perfect at it by any means, but having good communication with your tenants where something's going wrong. You're very civil and how you communicate, you're very fair. And I think that alleviates a lot of the problems that are otherwise caused by being a manager from afar.” - Doug Meyers

“For me, it's been about finding people to help do the things that I can't do physically. So, it's finding tenants. Personally, I don't have a problem with the afar management of taking calls and all those kinds of things.” - Doug Meyers

“When it comes to doing a move-out inspection, or moving inspection and doing showings, that's where for me, it's about establishing a relationship with somebody who can do those activities paying them to do so, and then they come into my loop. And I think it highlights the importance of just having really good communication.” - Doug Meyers

Connect with Doug Meyers:

• Website: https://www.revnyou.com/
• LinkedIn: https://www.linkedin.com/in/doug-meyers

Connect with Dave Dubeau:

• Podcast: http://www.propertyprofitspodcast.com/
• Website: https://davedubeau.com/home
• Investor Attraction Workshop: http://www.investorattractionworkshop.com/
• Facebook: https://www.facebook.com/thedavedubeau
• LinkedIn: http://linkedin.com/in/davedubeau

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