Capital Hacking E 316: Is Triple Net Lease (NNN) investing better than Multifamily? with Phil Boggia
In this episode, we had the pleasure of interviewing Phil Bosia, a former U.S. Marshal turned real estate investor. Phil shared his journey from law enforcement to real estate investing, highlighting how reading "Rich Dad Poor Dad" and listening to podcasts were pivotal in his success. He delved into the concept of triple net leases, explaining how they offer a passive investment opportunity with stable returns.
Phil's story exemplifies the power of mindset shifts and continuous learning in building wealth. He emphasized the importance of working to learn rather than just to earn, a principle he applied when offering to work for free for Joel Owens, a real estate investor. Through this wealth internship, Phil gained valuable experience and insights that propelled his real estate journey.
Ultimate Show notes:
Phil's Background in Law Enforcement: 00:02:51
Introduction to Triple Net Lease: 00:07:40
Explanation of Triple Net Lease: 00:09:03
Comparison of Triple Net Lease to Residential Lease: 00:10:03
Phil's Real Estate Investment Journey: 00:13:52
Financial Details of Real Estate Transactions: 00:18:01
Discussion on Cap Rate Compression: 00:21:50
Factors Influencing Real Estate Investments: 00:22:15
Wealth Internship with Joel Owens: 00:30:20
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