Building an American Real Estate Empire with Richard Hurd (WiM266)
The "What is Money?" Show
Is There a Silver Bullet in REITs?
"There's nothing you can do to eliminate risk out of any investment," he says. "The more anybody that tells you that they're in, I don't care if it's real estate, cars, stocks and bonds, that they never lose money is either doing no business or lying"
Entrepreneur Richard Hurd joins me for an in-depth conversation about his life's story. We discuss successes, mistakes, and hurdles that propelled him and his real estate business to the highest levels of success.
GUEST:
Richard's Website: https://hurdrealty.com/
PODCAST:
Podcast Website: https://whatismoneypodcast.com/
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Outline:
00:00:00 “What is Money?” Intro Music
00:00:08 “What is Money?” Intro Message
00:01:40 Do More with Your Digital Assets with Ledn
00:02:24 Introducing Richard Hurd
00:03:22 Growing Up in Iowa
00:05:43 Flipping Cars As The First Entrepreneurial Interest
00:09:05 Nature vs Nurture Components in Life
00:14:36 Getting Into Military
00:19:21 Key Lessons From The Military
00:25:19 How Richard Started With Real Estate
00:30:50 Key Life Lessons From Richard's Dad and Older Generations
00:34:20 "Luck Is What Happens When Preparation Meets Opportunity"
00:43:54 How Richard Was Growing Without Any Banks Involved
00:50:20 How Real Estate Market in The 1970s Was Different From Today
00:51:39 Take Control of Your Healthcare with CrowdHealth
00:52:41 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
00:53:16 A Chance To Win Discounted Tickets to The Bitcoin 2023 Conference and 10M SATS
00:54:13 Hold Bitcoin in the Most Secure Custody Model with Casa
00:55:01 Transition From Residential to Commercial Real Estate
01:04:53 Learning From Risks And Mistakes
01:11:19 Inflection Point In Richard’s Career
01:23:12 Evolution of The Business, Continuous Challenge, And Finding New Opportunities
01:26:28 The Point of Success For Richard
01:31:15 The Winning Formula
01:35:36 What Does Freedom Mean to Richard
01:38:44 Where To Find Richard’s Work
01:40:16 "What is Money?" Outro
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