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Updated over 1 year ago, 06/07/2023

User Stats

5
Posts
17
Votes
Phil Nelson
  • Investor
  • Greensburg, IN
17
Votes |
5
Posts

Finally Left the Rat Race

Phil Nelson
  • Investor
  • Greensburg, IN
Posted

Hey BP! Thanks partly to BP podcast and this great community I was finally able to leave the rat race and quit my factory job. I'm up to 37 doors, mostly single family houses, and I was able to pull out some equity recently and purchase a flooring store in Indianapolis, IN. Thank you everyone! Feel free to connect with me anytime. 

User Stats

104
Posts
57
Votes
Tatum Littleton
Agent
  • Real Estate Agent
  • Austin, TX
57
Votes |
104
Posts
Tatum Littleton
Agent
  • Real Estate Agent
  • Austin, TX
Replied

Amazing, Philip! What a great accomplishment, happy you are on to new endeavors. Good to know someone in the flooring business who has like-minded goals! I currently am investing in Texas but have been thinking about looking out of state and I hear good things about Indianapolis. I really enjoyed my Spring when I interned downtown in 2019 and it's pretty cool to see that it's a good place to invest!

If you are ever interested in looking into Texas I'd be happy to help you out... I'm sure you've heard it's a great place to be, LOL! 

business profile image
eXp Realty-Tatum Littleton
5.0 stars
2 Reviews

User Stats

1,454
Posts
986
Votes
Benjamin Aaker
Professional Services
Pro Member
  • Rental Property Investor
  • Brandon, SD
986
Votes |
1,454
Posts
Benjamin Aaker
Professional Services
Pro Member
  • Rental Property Investor
  • Brandon, SD
Replied
Congratulations. It's nice to see another real estate success story!
  • Benjamin Aaker
  • Rent To Retirement logo
    Rent To Retirement
    |
    Sponsored
    Turnkey Rentals 12+ States. SFR, MF & New Builds, High ROI! 3.99% rates, 5% down loans, below market prices across the US! Txt REI to 33777

    User Stats

    58
    Posts
    21
    Votes
    Brady Ferguson
    • Rental Property Investor
    • DFW / Lubbock, TX
    21
    Votes |
    58
    Posts
    Brady Ferguson
    • Rental Property Investor
    • DFW / Lubbock, TX
    Replied

    Congratulations, Philip! Always great to see other people succeed. 

    User Stats

    1,190
    Posts
    586
    Votes
    Nick Giulioni
    Pro Member
    • Rental Property Investor
    • Carmel, IN
    586
    Votes |
    1,190
    Posts
    Nick Giulioni
    Pro Member
    • Rental Property Investor
    • Carmel, IN
    Replied

    Welcome to the full time/entrepreneurial side of the house! You won't look back!

  • Nick Giulioni
  • User Stats

    242
    Posts
    147
    Votes
    Brandon P.
    • Lakeland, FL
    147
    Votes |
    242
    Posts
    Brandon P.
    • Lakeland, FL
    Replied
    Your story is inspiring, it's good to keep seeing and hearing these experiences from others. Great work!

    User Stats

    289
    Posts
    361
    Votes
    Harrison Chow
    • Real Estate Agent
    • Columbus, OH
    361
    Votes |
    289
    Posts
    Harrison Chow
    • Real Estate Agent
    • Columbus, OH
    Replied
    Quote from @Phil Nelson:

    Hey BP! Thanks partly to BP podcast and this great community I was finally able to leave the rat race and quit my factory job. I'm up to 37 doors, mostly single family houses, and I was able to pull out some equity recently and purchase a flooring store in Indianapolis, IN. Thank you everyone! Feel free to connect with me anytime. 


     Wow, congratulations!!

    User Stats

    2,606
    Posts
    2,988
    Votes
    Scott E.
    • Developer
    • Scottsdale, AZ
    2,988
    Votes |
    2,606
    Posts
    Scott E.
    • Developer
    • Scottsdale, AZ
    Replied

    Nice job! 37 single family homes ... that is quite an accomplishment (especially considering you look pretty young in your profile picture). Best wishes on your next flooring store venture.

    User Stats

    551
    Posts
    377
    Votes
    Nathan Harden
    • Real Estate Agent
    • Puyallup, WA
    377
    Votes |
    551
    Posts
    Nathan Harden
    • Real Estate Agent
    • Puyallup, WA
    Replied

    Well done!!

    You are now living the dream, 37 homes in impressive as well. If you don't mind me asking, how long did it take for you to acquire that many doors? Any specific strategies that you wish you knew earlier?

    User Stats

    254
    Posts
    173
    Votes
    Ran Iarovich
    • Real Estate Agent
    • Washington
    173
    Votes |
    254
    Posts
    Ran Iarovich
    • Real Estate Agent
    • Washington
    Replied

    So inspirational. As someone who is 19 years old. What are some lessons can you advice to save time and money? 

    User Stats

    17
    Posts
    6
    Votes
    Breanna Mason
    • Rental Property Investor
    • Reno, NV
    6
    Votes |
    17
    Posts
    Breanna Mason
    • Rental Property Investor
    • Reno, NV
    Replied

    Congratulations! This is such a motivation to see! 

    During your venture, what lessons did you learn along the way? 

    User Stats

    3,265
    Posts
    2,854
    Votes
    Joe S.
    Pro Member
    #1 Investor Mindset Contributor
    • Investor
    • San Antonio
    2,854
    Votes |
    3,265
    Posts
    Joe S.
    Pro Member
    #1 Investor Mindset Contributor
    • Investor
    • San Antonio
    Replied
    Quote from @Nathan Harden:

    Well done!!

    You are now living the dream, 37 homes in impressive as well. If you don't mind me asking, how long did it take for you to acquire that many doors? Any specific strategies that you wish you knew earlier?

    I second what Nathan said. More details would be helpful in order to fully understand your journey.😁
  • Joe S.
  • User Stats

    2,787
    Posts
    1,973
    Votes
    Alecia Loveless
    Pro Member
    #5 General Landlording & Rental Properties Contributor
    1,973
    Votes |
    2,787
    Posts
    Alecia Loveless
    Pro Member
    #5 General Landlording & Rental Properties Contributor
    Replied

    @Philip Nelson Congratulations Philip! I’m happy to say I’ve got 20 doors and today is the last day for me at my second job so I can focus more time on my real estate business. Only 4 hours left till I get my Saturday and Sunday back from the 16 hour shifts I was working and I couldn’t be more thrilled!

    I’m so happy for you! You’ve met my goal and I can’t wait to get there. I’ve got 3 more years in my master plan of getting enough units to quit my full time W-2! You’ve inspired me to work harder and it couldn’t have come on a better day to see your post than on the day that I step away from a position I’ve held for 14 years! Thanks for the inspiration and once again CONGRATULATIONS!

  • Alecia Loveless
  • Baselane logo
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    User Stats

    150
    Posts
    59
    Votes
    Mark Jones
    Property Manager
    Pro Member
    • Property Manager
    • Indianapolis, IN
    59
    Votes |
    150
    Posts
    Mark Jones
    Property Manager
    Pro Member
    • Property Manager
    • Indianapolis, IN
    Replied

    Great story!  Thanks for sharing Phillip!  I will get in contact with you about your flooring store.  Always looking for great products for my investors! 

    User Stats

    8
    Posts
    0
    Votes
    Carmen Cabrera
    • New to Real Estate
    0
    Votes |
    8
    Posts
    Carmen Cabrera
    • New to Real Estate
    Replied

    Congratulations, that is amazing, your story is inspiring, and it's good to keep seeing and hearing these experiences from others. Great work!

    User Stats

    933
    Posts
    408
    Votes
    Melanie Thomas
    Property Manager
    Pro Member
    • Real Estate Broker
    • San Antonio
    408
    Votes |
    933
    Posts
    Melanie Thomas
    Property Manager
    Pro Member
    • Real Estate Broker
    • San Antonio
    Replied
    Hi Phillip, thank you for sharing. Congrats on the big move and wishing you continued success. Looking forward to your next awesome move/updates! Good luck & happy investing!
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