#274: “Because of These 3 Simple Rules, I’ve Bought Over 600 Units and Never Lost Money” with Paul Morris
Published April 12, 2018
85 min
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    What rules govern your real estate investing strategy? For most, it’s a tough question to answer. But not for today’s guest, Paul Morris. Paul, co-author of the bestselling Wealth Can’t Wait, has been investing in real estate for more than twenty years and has never lost money, all because he abides by three simple rules. Today, Paul also discusses the power of mindset in building wealth, the key to investing in emerging markets, and much more. This episode will surely inspire, motivate, and educate you to continue your journey toward financial freedom. In This Episode We Cover:How Paul got into real estate investingUsing syndication to do your dealsThe types of properties he is buyingStick with what you knowThe three rulesBuying where you knowHow to buy in an expensive areaThe 24-hour cityWhat’s the barrier of entry on real estate?What is an emerging neighborhood?An interesting story about a keynote speechWhat is hard work?10x your goalsHow we affect others and vice versaLiving life to the fullestHire people who will love youAnd SO much more!Links from the ShowBiggerPockets ForumsHouse Hacking 101: How to “Hack” Your Housing and Get Paid to Live for FreeBiggerPockets Money ShowTiger21 Mastermind GroupBiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of MentorsBiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David OsbornBooks Mentioned in this ShowYou Can’t Teach a Kid to Ride a Bike at a Seminar by David H. SandlerWealth Can’t Wait by David Osborn & Paul MorrisSet for Life by Scott TrenchThe War of Art by Steven PressfieldThe Influential Mind by Tali SharotFire Round QuestionsI just bought my 1st deal… now How soon can I buy my 2nd property? Is there a waiting period?Where can I find a private lender to fund my real estate deals?Tweetable Topics:“You can’t do everything on your own.” (Tweet This!)“You buy where you know.” (Tweet This!)“The thing that stops people form taking action is the fear of loss.” (Tweet This!)“Your net worth will never exceed your self worth.” (Tweet This!)“What got us here will not get us there.” (Tweet This!)“There’s a lot more hard money out there than there are good deals.” (Tweet This!)Connect with PaulPaul’s BiggerPockets ProfilePaul’s WebsitePaul’s Instagram ProfilePaul’s Twitter ProfilePaul’s Facebook PageEmail Paul
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