Ninja Landlord: Increasing Cash Flow & Acquiring More Properties
By Sheri Willis
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About this ebook
Filled with creative ideas for landlords to increase cash flow and acquire more rental properties! The author details her journey to replace her income from her 'day job' with rental cash flow in less than 4 years. Also includes many great time-saving ideas for both beginner and experienced landlords.
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Ninja Landlord - Sheri Willis
Chapter 1: How It Started
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It was just past four o’clock AM. The alarm clock was sounding as I reached for the snooze button a second time. Already morning? No, no it can’t be! I reluctantly slid out of bed to get ready for work. I hated my job. I was exhausted.
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Years earlier, I had earned a degree in Mechanical Engineering and landed what I once thought of as my dream job
with a large U.S. automotive manufacturer. I moved 1,200 miles from home and was assigned to work in one of their state-of-the-art manufacturing plants. My first engineering role involved keeping the production machinery running and designing assembly tooling. I liked the fast-paced manufacturing environment. It was a good-paying job with ample benefits.
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The company had a great tuition reimbursement program, which I enthusiastically took full advantage of during my first few years. Utilizing this program, I earned two Masters degrees by attending college at night. Shortly thereafter, I was promoted into a series of management positions of increasing responsibility and I was quickly ‘climbing the corporate ladder’.
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It’s difficult to say exactly when I became so disillusioned and unhappy with my career, but at some point it happened. The long hours, the years spent on undesirable shifts, the corporate culture, the union-management conflicts...I no longer had the desire I once had. I dreaded going to work.
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It was late spring in 2003. I was walking out of the manufacturing plant one day with a coworker. On our way out, he asked me Why do you work here?
. What? I was a little stunned at the question and didn’t know how to answer. Before I could respond, he reached into a bag and pulled out a book on real estate investing. He handed it to me and said You need to read this.
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Not only did I read the book cover-to-cover, but when I was done with it I gave it to my husband and told him You need to read this.
. After my husband had also read it, I suggested that we start investing in real estate and he was onboard without hesitation from the very start.
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We were both employed in full-time jobs when we started investing in real estate and I suppose in a way, that helped make it seem less risky. After all, we both had decent-paying jobs so if we made a mistake and lost some money along the way, it wouldn’t be the end of the world and we’d likely be able to recover financially. However, I don’t remember either of us ever thinking that investing in real estate was a big risk. In fact, I remember thinking quite the opposite...that if I did nothing and stayed with my current employer, in a job that I no longer liked - THAT was risky. And so, we began...
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Within a month we had a real estate agent working with us to begin the