Episode 55: Jay Gonzales - Firefighter in Oklahoma, Making His Legacy Through Real Estate Investing.

Come join us today as we discuss a good topic that will be beneficial to not only first responders who wish to enter the real estate investing business, but also to all other people who have expressed interest in joining. In this episode, you'll get some great ideas on how you can start investing even if you only have a little money in your pocket. If you've ever wondered how you can start a real estate business and how to get your system started, this is for you.

Jay Gonzales is an Oklahoma firefighter. When he was in his early twenties, he didn't realize the importance of financial freedom, so he started his real estate business late. His wife, who is 8 months pregnant helped him realize the importance of financial stability when they started their family business together. His goal is to leave a legacy through this family business.

Why do you need to listen to today’s episode:

• 
  Discover how to buy your first house without millions of dollars in your bank account. Taking his first steps toward buying a home, how did our guest get started?
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  Explore how loans and amortization work as our guest describes his personal experience and how it might work for you.
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  Get a better understanding of how Virtual Assistants can help you manage your properties virtually. What were Mike and Tyler's recommendations on hiring one?

“You just got to run the numbers, every deal is different. And I don't want to leverage the bank, give me 8% 75% I don't want to leverage all of that, because my debt service would be too high.”
 - Jay Gonzales

 
Topics Covered: 

00:59 - “I kept applying and applying in four years, it took me four years to get on and probably like 10 to 12 different departments applications. So that was in 2014 I got picked up. So I love the job. It's awesome. And allows me, we're only working 10 days. So 20 days off, we can do whatever we want, hang on hold, make money, create wealth for our family, and all that.”

Jay shares his story of how he became a firefighter. Although it wasn't really his passion at first, he now realizes he needs to take things seriously, which is why he waited four years to apply for it.