Building an American Real Estate Empire with Richard Hurd (WiM266)
The "What is Money?" Show
Getting Back a Purpose Built Property
"You probably chew up profits on four or five properties for each one that goes bad," he says. "We've had sit down restaurants that we built for two and a half million, hold them for land value for a million or a thousand"
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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