Real Estate Investing Journey and Strategies

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The chapter follows the speaker's journey into real estate investing, detailing their first deal on a limited budget, challenges in raising capital, and the transition from a traditional job to entrepreneurship. It delves into the importance of balancing work and side businesses for financial freedom, debunking time constraints and emphasizing skill development for future-proofing careers. Strategies for making money in real estate, focusing on smaller markets, adding value through market analysis, and emphasizing the significance of the initial property acquisition, are also discussed.

In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with The Real Estate God, a famous anonymous Twitter account with over 100,000 followers, to talk about his unique views on life, real estate, and business. You’ll learn why he thinks investing in a 401k is a bet against yourself, how he got started in real estate private equity, what moves you need to make to leave your W-2 wisely, macro trends he thinks will affect us in the coming years, why he focuses on tertiary markets, the origin story of The Real Estate God account, and much, much more!

The Real Estate God worked in real estate private equity at the institutional level before founding his own REPE firm. Outside of his own deals, he now runs an Acquisitions Bootcamp where he accelerates the learning an investor needs to know before buying their first profitable deal.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

02:37 - Who The Real Estate God’s heroes have been.

05:03 - Why he considers investing in a 401k as a bet against yourself.

08:12 - How his first investment lost a $30,000 nest egg and what he learned from it.

10:53 - Why you need to be investing in yourself or in a business when you are starting out.

14:47 - What moves you need to make to leave your W-2 wisely.

24:22 - How he initially got into real estate private equity.

31:30 - What macro trends he thinks will affect us in the coming years.

34:05 - What are the two ways to make money in real estate going forward.

36:23 - Why he focuses on tertiary markets.

40:35 - What his exit strategy is for his real estate investments.

46:22 - How he developed his sales skills.

52:17 - How to create your own yacht and add value to anyone.

57:31 - What you learn in the Acquisitions Bootcamp.

65:19 - What career he would consider if he wasn’t involved in real estate and more.

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

BOOKS AND RESOURCES

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Check out: MI324: Mastering Money, Words and Wellness w/ Dickie Bush | YouTube video.
Recommended book: Die with Zero by Bill Perkins.
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Check out: MI322: Enduring Ventures w/ Sieva Kozinsky | YouTube video.
Check out the books mentioned in the podcast here.

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