Creating a real estate side hustle can be a great way to hone your skills while continuing to build your primary source of real estate income. Today’s guest has a new book that teaches you exactly how to do it.
On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes returning guest Devon Kennard. Devon is a former NFL pro football player and author of the new book “Real Estate Side Hustle.” He is also an investor and a lender.
Jonathan and Devon dive into their conversation by discussing Devon’s new book, “Real Estate Side Hustle,” and what you can learn from it. Devon shares how he’s building systems to create processes using AI, the importance of identifying your side hustle goal, and why he dislikes the lack of control in syndications. You’ll hear the difference between fast and slow money, why you should be continuously learning, and the four components of a good real estate team. Finally, Jonathan and Devon cover why cheaper markets and properties aren’t necessarily the best investing method and why you should view your real estate business as a ticket to FIRE.
A career in real estate doesn’t mean you have to focus on just one component. Devon Kennard explains how creating a side hustle within the industry can help you achieve your goals faster.
In this episode, you will hear:
- Devon Kennard’s inspiration for his second book, “Real Estate Side Hustle”
- Calculated risk and building out systems to create a process using AI
- Identifying what’s most important in your side hustle and focusing on those goals
- Why Devon began lending primarily in his local area instead of across the country
- His experiences with syndications and why he dislikes the lack of control in them
- Fast versus slow money
- Creating a side hustle alongside your career and not idealizing retirement but instead creating time freedom
- The importance of continuous learning
- Devon’s ideal client for 42 Solutions and his preference for experienced borrowers
- The four components of a good team: deal finder, contractor, property manager, and lender
- Why starting in the cheaper markets and properties isn’t always the best investing method
- The social media influence to count doors and why it isn’t always the best indicator of wealth
- Business as the ticket to FIRE
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Supporting Resources:
Devon Kennard’s website – www.devonkennard.com
Find Devon on YouTube – www.youtube.com/@devonkennard42
Devon’s Facebook page – www.facebook.com/DevonKennard
Devon on Instagram – www.instagram.com/devonkennard/?hl=en
Connect with Devon Kennard on LinkedIn – www.linkedin.com/in/devon-kennard-b1080547
Devon’s Twitter/X – x.com/devonkennard
42 Solutions website – weare42solutions.com
Get Devon’s new book, “Real Estate Side Hustle” – store.biggerpockets.com/products/real-estate-side-hustle
Website – www.streamlined.properties
YouTube – www.youtube.com/c/JonathanGreeneRE/videos
Instagram – www.instagram.com/trustgreene
Instagram – www.instagram.com/streamlinedproperties
TikTok – www.tiktok.com/@trustgreene
Zillow – www.zillow.com/profile/StreamlinedReal
Bigger Pockets – www.biggerpockets.com/users/TrustGreene
Facebook – www.facebook.com/streamlinedproperties
Email – info@streamlined.properties
