From Building Several Businesses to Operating an Empire with Ryan Murdock ”The Mercenary”

Episode: 114

Ryan Murdock

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Join David Pere and Ryan Murdock as they talk about staying engaged, being open to new opportunities, and maintaining a good work-life balance. 

Ryan was in the semiconductor manufacturing industry before deciding to quit his W2 job and get into real estate through house hacking a duplex. Since then, he’s been a licensed real estate broker, got into property management, and has slowly built his own residential and rental properties portfolio. He relocated to Maui to start open door capital with Brandon Turner, and they’ve been doing some cool stuff with mobile home parks and have been hitting their goals in less than three years since they started. 

In this episode, Ryan shares some awesome advice on getting into rental properties, starting your own property management business, scaling with the right team, and other cool lessons he learned from his journey. Stay tuned!

About Ryan Murdock:

Ryan Murdock spent ten years in the electronics manufacturing industry before transitioning to real estate investing and property management in 2007. He has extensive management experience in many facets of real estate, including retail, office, multi-family, HOA, and especially mobile home parks - including nationwide consulting and turn-around projects. Ryan has been a licensed real estate broker since 2008 and owns and operates a portfolio of residential rental properties.

Outline of the Episode:

• [03:29] From a W2 job to real estate investing and property management
• [06:10] Doing property management for others as a side hustle, while self-managing his own rental units
• [08:33] You don't have to quit your day job to get into real estate and achieve financial freedom.
• [13:05] Having passive income streams give you the power to choose
• [15:56] Being intentional in blocking out time to do fun things
• [18:12] Why invest in mobile home parks?
• [21:45] How to incentivize people to move into a mobile home park?
• [23:21] Striking a balance between making the investors and the community happy.
• [26:52] The importance of having clearly defined goals and scaling with the right partners
• [32:24] How to find the right people for your team?
• [38:47] Holding people accountable for their goal rather than having to pour stuff down their throats
• [45:07] Staying engaged and being around people that are doing what you want to do.

 

Advice to an 18-20-year old:

Stay Engaged – Be around people who are doing what you want to do!

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Recommended resource(s):

BiggerPockets!

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Resources:

• Website - com
• Instagram - com/ryan.murdock21
• LinkedIn - com/in/ryanmurdock
• Email - ryan@odcfund.com
• Bring Brandon a Deal - https://opendoorcapitalllc.com/bringbrandonadeal
• Bigger Pockets - https://www.biggerpockets.com/

 

Follow our journey!

• Blog - https://www.frommilitarytomillionaire.com/
• YouTube - https://www.youtube.com/c/Frommilitarytomillionaire/
• Facebook - https://www.facebook.com/groups/1735593999901619/
• Instagram - https://www.instagram.com/frommilitarytomillionaire/

Sponsor:

Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Audible: https://www.frommilitarytomillionaire.com/audible

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

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SUBSCRIBE: https://bit.ly/2Q3EvfE

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Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.