In this episode of The Real Estate Path, I sat down with Casey Gregersen, a petroleum engineer turned real estate investor who used a two-weeks-on, two-weeks-off field rotation at Shell Oil to quietly build a rental Portfolio from Wyoming while living in Houston.

We had an honest conversation about what it really takes to build a team you can trust, why learning the work before you delegate it is non-negotiable, and how to structure partnerships so they don't turn into the thing that slows you down.

Some key topics we explored:
• Using a 2-weeks-on/2-weeks-off field rotation to start investing in real estate while working a full-time engineering career
• The basement drywall lesson: spending months on a job a professional finished in two hours
• Why you need to learn the work before you delegate it — contractors will take advantage of you if they sense you don't know what you're doing
• Building a team that respects you because they know you've already done what you're asking them to do
• Hiring and firing based on core values: ownership, perseverance, and humility
• Why partnerships are like marriages and why you should plan the exit ramp before you ever start
• Starting with finite deals like fix and flips before locking into long-term buy and hold partnerships
• Raising capital intentionally: an accredited fund for larger investors and fractional investing to bring in non-accredited partners on a defined two-year commitment

I learned a lot from this conversation and especially appreciated Casey's take on delegation. He didn't skip the work — he did it until he understood it, and that's what gave him the credibility to lead a team that actually shows up for him.

What stood out to you from this conversation? Share your thoughts in the comments below.

Connect with Casey Gregersen:
Instagram: https://www.instagram.com/caseygregersen/

Connect with Jim Lee / Formosa Investing:
Instagram: https://www.instagram.com/formosainvesting/
LinkedIn: https://www.linkedin.com/in/formosainvesting/
X: https://x.com/bzjimlee
Linktree: https://linktr.ee/formosainvesting

About The Real Estate Path
The Real Estate Path is a conversation-driven podcast focused on the real journey of real estate investing. Content is for educational purposes and reflects personal experience and general discussion, not investment advice.

Disclosure: The content shared on The Real Estate Path Podcast is for educational and informational purposes only and does not constitute financial, tax, legal or investment advice. The views and opinions expressed by guests are their own and do not necessarily reflect those of the host or the podcast. Individual circumstances vary and past results do not guarantee future outcomes. Always conduct your own due diligence and consult a qualified financial, tax or legal professional before making any investment decisions.