--- title: Reverse Engineer Your Income Goals description: Today, we will learn how to really get started in real estate investing, the reasons to look at investing out-of-state, understanding the areas, how to achieve financial independence in less than ten years, and much more. Discover Lincoln’s biggest dream, becoming a mental health counselor/therapist and providing his family with a higher income than a beginner therapist can. image: https://www.theinvestorsedge.com/hubfs/Blog%20Media/IncomeGoals.jpg --- [Skip to content](https://www.theinvestorsedge.com/incomehacker/reverse-engineer-your-income-goals#main-content) [ Close ](https://www.theinvestorsedge.com/incomehacker/reverse-engineer-your-income-goals#) - Courses - House Flipping - [Find Fund Flip System For Houses](https://www.theinvestorsedge.com/find-fund-flip-system) - Land Flipping - [Find Fund Flip System For Land](https://www.theinvestorsedge.com/land-flipping) - Software - Tools & Automation - [The Investor's Edge Software](https://www.theinvestorsedge.com/real-estate-investment-software/investors-edge/) - [Proof of Funds](https://www.theinvestorsedge.com/real-estate-investment-software/proof-of-funds) - [Next Property Roadmap](https://www.theinvestorsedge.com/real-estate-investment-software/next-property-roadmap) - 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[ARV Calculator & Property Value Analysis](https://www.theinvestorsedge.com/real-estate-investing-calculators/arv-calculator) - [Mortgage Calculator](https://www.theinvestorsedge.com/mortgage-calculator) - [Early Mortgage Payoff Calculator](https://www.theinvestorsedge.com/early-mortgage-payoff-calculator) - [Amortization Calculator](https://www.theinvestorsedge.com/amortization-calculator) - Funding - Funding with The Investor's Edge - [Funding Your Next Flip](https://www.theinvestorsedge.com/funding) - [Our Funding Process](https://www.theinvestorsedge.com/our-funding-process) - [Where We Lend](https://www.theinvestorsedge.com/where-we-lend) - [Why Off-Market Properties](https://www.theinvestorsedge.com/off-market-properties) - Financing Options - [Hard Money Loans](https://www.theinvestorsedge.com/hard-money-loans) - [Gap Financing Ideas](https://www.theinvestorsedge.com/hard-money-loans/gap-financing) - About Us - About The Investor's Edge - [About Us](https://www.theinvestorsedge.com/about-us) - [How We're Different](https://www.theinvestorsedge.com/about-us/how-were-different) - What Our Members Are Saying - [Reviews and Success Stories](https://www.theinvestorsedge.com/about-us/reviews) - [Recent Fix & Flip Rehabs](https://www.theinvestorsedge.com/rehabs) - Investing 101 - Start Here - [Real Estate Investing For Beginners](https://www.theinvestorsedge.com/real-estate-investing-for-beginners) - Finding Properties - [Our Finding Process](https://www.theinvestorsedge.com/our-finding-process) - [Find Motivated Sellers](https://www.theinvestorsedge.com/find-sellers) - [Market to Motivated Sellers](https://www.theinvestorsedge.com/market-to-motivated-property-sellers) - Buying Properties - [Calculate After Repair Value](https://www.theinvestorsedge.com/calculate-after-repair-value) - [Estimate Rehab Costs](https://www.theinvestorsedge.com/estimate-rehab-costs) - [Calculate Profits](https://www.theinvestorsedge.com/calculate-profits) - [Negotiate Offers](https://www.theinvestorsedge.com/negotiate-offers) - Wholesale Properties - [Find Cash Buyers](https://www.theinvestorsedge.com/sell-properties/find-cash-buyers) - Investing Strategies - [Fixing & Flipping Houses](https://www.theinvestorsedge.com/fixing-and-flipping-houses) - [Wholesale Real Estate](https://www.theinvestorsedge.com/wholesale-real-estate) - [BRRR Method](https://www.theinvestorsedge.com/brrr-method) - [Blog](https://www.theinvestorsedge.com/blog) - [Podcast](https://www.theinvestorsedge.com/incomehacker) CALL US: [(801) 396-9772](tel:+18013969772) Search Suggestions ![IncomeGoals](https://www.theinvestorsedge.com/hs-fs/hubfs/Blog%20Media/IncomeGoals.jpg?width=300&name=IncomeGoals.jpg) Nov 22, 2019 12:00:00 PM # Reverse Engineer Your Income Goals [Previous ](https://www.theinvestorsedge.com/incomehacker/become-a-luxury-real-estate-agent-with-dusty-baker) [Next ](https://www.theinvestorsedge.com/incomehacker/become-a-million-dollar-machine-with-coach-micheal-burt) - [Tweet](https://twitter.com/share) ## Listen to Episode 33: Today, we will learn how to really get started in real estate investing, the reasons to look at investing out-of-state, understanding the areas, how to achieve financial independence in less than ten years, and much more. Discover Lincoln’s biggest dream, becoming a mental health counselor/therapist and providing his family with a higher income than a beginner therapist can. Lincoln knows for a fact financial freedom is not about leave-it-all and move to a bungalow at the beach, but for you to have freedom of choice. He’s convinced there are two kinds of budget: the basic one and the lifestyle budget. He is aware as well that there are two ways to get cash flow: either you create it or you buy it. Stay with us and discover what exactly is reverse engineering and how to get 6,600 USD of net cash flow every single month, thanks to it.   **Lincoln’s background:** - Lincoln grew up just outside of Salt Lake City, Utah. - His main passion is psychology but he is also drawn to business and entrepreneurship. - His goal is to become financially independent before he begins a career as a mental health professional.  - Lincoln took a risk and participated in a Kickstarter campaign that unfortunately didn’t result in his financial freedom. Still, he thinks of this as a great learning experience. - Currently, Lincoln works as an Account Executive at a tech company. - Lincoln’s WHY? Following his passion, fulfilling his calling in life and helping others without putting his family through financial distress. - He is currently receiving one rental income by house hacking. - His goal is to get a property in the next six months. **Podcast summary:** 18:07 - How passive income can help health professionals leave the “Rat Race” and even enjoy their practicing more. 20:15 - Lincoln’s current passive income: his very own house hack. 21:17 - Lincoln’s Plan A and Plan B: basic budget versus lifestyle budget. 23:00 - Reverse engineering: a thousand ways to get to your income goal. 26:34 - Lincoln’s 20K investment plan choice: The BRRRR Method path. 29:23 - The BRRRR Method downsides and an alternative strategy: Fix & Flipping to the top. 33:19 - How to get started in real estate and the nine skills you will need to find your way in the market. 36:23 - How equity and motivations will lead you to the perfect property to get started. 41:21 - Deciding on a strategy and doing your marketing to start building your portfolio. 43:26 - Reverse engineering your way: your process is more important than your goal.  48:13 - Lincoln’s takeaways and Ryan’s tips to achieve his goals. 51:55 - Why out-of-state investment may scare you and Ryan’s recommendation on it.   Want to learn more? Join Ryan on our next webinar to learn how you can start real estate investing with The Investor's Edge. [![Learn More - Attend Our Next Webinar](https://no-cache.hubspot.com/cta/default/23711988/17584397-0a87-4eac-9f6e-804ef02c9b6b.png)](https://cta-redirect.hubspot.com/cta/redirect/23711988/17584397-0a87-4eac-9f6e-804ef02c9b6b) ![avatar](https://23711988.fs1.hubspotusercontent-na1.net/hub/23711988/hubfs/RyanGWright-Headshot.jpg?width=290&name=RyanGWright-Headshot.jpg) [Ryan G. Wright ](https://www.theinvestorsedge.com/incomehacker/author/ryan-g-wright)Ryan became a multimillionaire before the age of 30 through a combination of real estate investing and a passion for personal finance. He hates Wall Street, loves personal margin, and advocates for everyone to take control of their finances themselves - all of which he talks about on the Income Hacker podcast. COMMENTS ## RELATED ARTICLES USEFUL LINKS: --- - [FAQs](https://www.theinvestorsedge.com/faq) - [Areas Served](https://www.theinvestorsedge.com/areas-served) - [Terms of Use](https://www.theinvestorsedge.com/terms-of-use) - [Privacy Policy](https://www.theinvestorsedge.com/terms-of-use/privacy-policy) - [AI Info](https://www.theinvestorsedge.com/ai-info-page) OTHER RESOURCES --- - [Referral Program](https://www.theinvestorsedge.com/referrals) - [Become A Hard Money Lender](https://www.theinvestorsedge.com/become-a-hard-money-lender) - [Careers](https://www.theinvestorsedge.com/careers) - [Member Login](https://app.theinvestorsedge.com/authentication/login) - [Contact Us](https://www.theinvestorsedge.com/contact) [![New-InvestorsEdgeLogo-ForDark-257x100](https://23711988.fs1.hubspotusercontent-na1.net/hub/23711988/hubfs/A%20-%20Logos/New%20Logo/New-InvestorsEdgeLogo-ForDark-257x100.png?width=150&name=New-InvestorsEdgeLogo-ForDark-257x100.png)](https://www.theinvestorsedge.com) Keep the conversation going. Connect with us on Social Media: Copyright © 2025 TheInvestorsEdge.com All Rights Reserved ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "abstract" : "Today, we will learn how to really get started in real estate investing, the reasons to look at investing out-of-state, understanding the areas, how to achieve financial independence in less than ten years, and much more. Discover Lincoln’s biggest dream, becoming a mental health counselor/therapist and providing his family with a higher income than a beginner therapist can.", "author" : { "@type" : "Person", "name" : "Ryan G. Wright" }, "dateModified" : "", "datePublished" : "", "headline" : "Reverse Engineer Your Income Goals", "image" : "https://23711988.fs1.hubspotusercontent-na1.net/hubfs/23711988/Blog%20Media/IncomeGoals.jpg", "inLanguage" : "en", "keywords" : "[Income Hacker - Podcast Episodes, Income, House, Investor]", "mainEntityOfPage" : { "@type" : "WebPage" }, "name" : "Reverse Engineer Your Income Goals", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://23711988.fs1.hubspotusercontent-na1.net/hubfs/23711988/Logos/New%20Logo/New-TheInvestorsEdgeLogo-ForLight-257x100-1.png" }, "name" : "The Investor's Edge" }, "text" : "Listen to Episode 33: Today, we will learn how to really get started in real estate investing, the reasons to look at investing out-of-state, understanding the areas, how to achieve financial independence in less than ten years, and much more. Discover Lincoln’s biggest dream, becoming a mental health counselor/therapist and providing his family with a higher income than a beginner therapist can. Lincoln knows for a fact financial freedom is not about leave-it-all and move to a bungalow at the beach, but for you to have freedom of choice. He’s convinced there are two kinds of budget: the basic one and the lifestyle budget. He is aware as well that there are two ways to get cash flow: either you create it or you buy it. Stay with us and discover what exactly is reverse engineering and how to get 6,600 USD of net cash flow every single month, thanks to it. Lincoln’s background: Lincoln grew up just outside of Salt Lake City, Utah. His main passion is psychology but he is also drawn to business and entrepreneurship. His goal is to become financially independent before he begins a career as a mental health professional. Lincoln took a risk and participated in a Kickstarter campaign that unfortunately didn’t result in his financial freedom. Still, he thinks of this as a great learning experience. Currently, Lincoln works as an Account Executive at a tech company. Lincoln’s WHY? Following his passion, fulfilling his calling in life and helping others without putting his family through financial distress. He is currently receiving one rental income by house hacking. His goal is to get a property in the next six months. Podcast summary: 18:07 - How passive income can help health professionals leave the “Rat Race” and even enjoy their practicing more. 20:15 - Lincoln’s current passive income: his very own house hack. 21:17 - Lincoln’s Plan A and Plan B: basic budget versus lifestyle budget. 23:00 - Reverse engineering: a thousand ways to get to your income goal. 26:34 - Lincoln’s 20K investment plan choice: The BRRRR Method path. 29:23 - The BRRRR Method downsides and an alternative strategy: Fix & Flipping to the top. 33:19 - How to get started in real estate and the nine skills you will need to find your way in the market. 36:23 - How equity and motivations will lead you to the perfect property to get started. 41:21 - Deciding on a strategy and doing your marketing to start building your portfolio. 43:26 - Reverse engineering your way: your process is more important than your goal. 48:13 - Lincoln’s takeaways and Ryan’s tips to achieve his goals. 51:55 - Why out-of-state investment may scare you and Ryan’s recommendation on it. Want to learn more? Join Ryan on our next webinar to learn how you can start real estate investing with The Investor's Edge.", "url" : "https://www.theinvestorsedge.com/incomehacker/reverse-engineer-your-income-goals", "wordCount" : "1245" } ``` ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Ryan G. 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In 2023, DoHardMoney.com was rebranded to TheInvestorsEdge.com. The company had outgrown hard money lending alone, since it now offers educational courses, proprietary deal-finding software, and expert support in addition to funding." }, "name" : "Is DoHardMoney.com the same as TheInvestorsEdge.com?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "No. The education, software, funding, and systems are built to walk a member through their first flip with no prior experience." }, "name" : "Do I need experience in real estate investing to work with The Investor's Edge?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "The Investor's Edge recommends having around $10,000 or more for flexibility in closing deals. Deals with substantial equity can qualify for up to 100% funding, meaning qualifying deals can close with $0 in closing costs. 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