Real Estate

18 Houses within the First 18 Months with Paul Thompson

Begin sluggish—or take off like a rocket? With regards to actual property investing, the selection isn’t the identical for all. This week, our visitor Paul Thompson made a transparent alternative: Rocket! After realizing the delicate nature of his six-figure wage, he got down to exchange his wage with passive revenue—as quickly as potential. This led him to common a brand new dwelling buy each month for the primary 12 months and a half, and shortly he had true monetary freedom and give up his 9–5. This present is packed filled with actionable ideas, together with some never-before-heard-on-this-podcast methods for locating deals with using digital assistants, Craigslist, and chilly calling! That is one episode for which you’ll have to take some notes, so seize a pocket book and let’s get into it!

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In This Episode We Cowl:

  • Paul’s backstory prior to actual property investing
  • His first deal doing the BRRRR methodology
  • What’s escape velocity?
  • P.I.L.E. (Passive Revenue higher than your Dwelling Bills)
  • How he manages his properties
  • Finding personal cash lenders by BiggerPockets
  • His system in making offers
  • Things he seems for in every deal
  • The best way to negotiate for vendor financing
  • Topic-to defined
  • Why does he L.I.E. day by day?
  • His attention-grabbing ideas about cash
  • How he balances his time
  • The third-party catalyst
  • And SO far more!

Hyperlinks from the Present

Books Talked about on this Present

Fireplace Spherical Questions

Tweetable Subjects:

  • “What number of deals do you’ve is the incorrect query to ask. It’s how a lot cashflow are you producing?” (Tweet This!)
  • “By no means assume that what’s necessary to you is necessary to the opposite celebration.” (Tweet This!)
  • “There may be loads of cash for the belongings you really need.” (Tweet This!)
  • “You don’t need money, you need what money may give you.” (Tweet This!)

Join with Paul

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