A college grad can't find a job, becomes a hamster on a wheel as a used car salesman, and ultimately realizes that owning his own business is the way to go. He chose investing in mobile home parks to build a business around. He owns over 10 properties now and is doing amazing.
Key Points on Investing with Ryan Narus
- He graduated in 2009 with a business degree and a psychology minor
- Wanted to be in sales doing B2B work but he couldn't find a job because everyone wanted someone with five years of work experience
- Got a job as a used cares salesman because his old karate instructor was a car sales manager
- Sold well over 800 cars, won a bunch of awards, and wrote a book
- Sprained his ankle and had to buy crutches to continue to sell cars which caused him to realize that he didn't want to do this anymore
- Tried to start three businesses, all of them failed
- Ended up writing a book, as of the time of the the podcast he's made $19.20 from book sales
- Decided to go back to school for his MBA where he met his future business partner
- His business partner asked him what he thought about trailer parks
- He started investing in low income housing to help provide good places for underprivileged people to live
- Had to live in his own trailer park to help offset his student loan debt so he could manage the property
- Now owns 10 different properties because of his hard work and sacrifice
- What is your success role model? Mike Conlon
- What is your biggest success? Personally: The birth of his son; Professionally: Having a self sustaining business that allowed him to be with his son's birth and stay in the hospital
- What does a typical day look like for you?
- What is your favorite quote? "If you want to tell someone the truth, make them laugh, otherwise they'll kill you" -Oscar Wild
- What are your hobbies? Teaching himself Spanish, football, and PokemonGo
- What is the best business book you’ve read? Four Hour Work Week by Tim Ferriss
- If there was one key piece of advice you could leave our listeners with about achieving success, what would it be? Network, learn, self-assess, sacrifice, and your performances are only as good as your won assumptions.
About Our Guest, Ryan Narus
My name is Ryan Narus. I'm a Mobile Home Park owner and operator with 9 Mobile Home Parks spanning ~1,151 units. I started with nothing. No money. With no experience. No network. I was a 20 something with way more student loan debt than actual capital to invest in deals. I'm just a normal dude. The only thing that makes me different is that I refused to quit. And I was willing to sacrifice, and do things others weren't willing to do. I found creative ways to make money while I scaled my business up. I was stuck in Corporate America. Now I have 5 employees and I work from home. I escaped. And I want to help others too.