What I've Learned From Local Real Estate Investors

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"We were getting killed on the management side of things. We found out later on after we bought some of these properties, despite what our agents had told us that they were in a very undesirable area of town," he says. "I am very skeptical on out-of-state investing unless you're talking about buying a property that's three, four, five million dollars."

Patrick Donley talks with Sean O’Dowd about why he thinks there is a better way to build wealth through starting a business and using the profits to buy real estate investments.

Sean graduated from the University of Pennsylvania’s Wharton School and worked at Boston Consulting Group. He left behind this traditional path to success to take a bet on himself and built a one-man consulting shop and dumps all of his profits into real estate.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

09:28 - How buying a diamond engagement ring provided the impetus to start a consulting side hustle.

05:25 - What he learned working for one of the top consulting firms in the country.

05:25 - How he grew his side hustle into a one-man consulting shop that nets $500,000 per year.

12:57 - Why picking the right partner in life is so important.

24:04 - What his current real estate strategy is that has proven much more profitable?

33:18 - Why his first real estate investments didn’t pan out.

55:59 - Why does he think house hacking is a terrible idea?

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Robert’s book The Everything Guide to House Hacking.
Hero of the Empire by Candice Millard.
But What If We’re Wrong? by Chuck Klosterman.
How to Get Rich by Felix Dennis.
Give and Take by Adam Grant.
Richer, Wiser, Happier by William Green.
Atomic Habits by James Clear.
Check out Upwork.
Check out Catalant.
Check out Hemlane.

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