227: How To Perfect Your Real Estate Side Hustle with Devon Kennard

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 Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/227/ to download it. 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 Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.