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
- “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!)
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