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The Hybrid Real Estate Professional

Evolution of a Wall Street Analyst to Real Estate Investor with Paul Dircks

Feb 19, 2024
45:45

In this episode of the Hybrid Real Estate Professional podcast, we sit down with Paul Dircks, a former Wall Street research analyst who found his calling in the world of real estate investing. With a 20-year tenure in the financial sector, Paul shares his transformative journey from realizing his need for cash-flowing assets to becoming a seasoned investor utilizing the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method and now, a partner at Cityside Capital, where he facilitates others in their quest for passive income through real estate investments. Paul divulges the practical steps he took, starting from self-education to actively investing out of state, and how he manages to weave these investments seamlessly into his life as a family man. This episode is not just Paul's story—it's a roadmap for listeners who are looking to diversify their portfolios, understand the nuances of active versus passive investment, and seek guidance on how to get started in real estate for a more abundant life. Timeline: 00:01 Introduction 00:26 Paul’s Journey into Real Estate Investing 01:14 Importance of Networking and Education in Real Estate 03:45 Paul's Transition from Wall Street to Real Estate 10:46 The BRRRR Method and First Investment Property 15:56 Challenges and Lessons Learned in Real Estate Investing 21:13 The Value of Informed Decision Making in Real Estate 24:26 Learning from Real Estate Investment Experiences 27:37 Journey of Building a Family and a Career 29:07 Transitioning from Wall - to Real Estate Investing 32:26 The Role of City-Side Capital in Passive Real Estate Investments 37:01 Importance of Trust and Compatibility in Passive Investments 43:33 Connect with Paul Reach out to Paul ⤵︎ LinkedIn: https://www.linkedin.com/in/pauldircks/ Website: https://citysidecap.com/ Tune in to Paul’s Podcast- **Passive Income Brothers:** https://podcasts.apple.com/us/podcast/passive-income-brothers/id1600468916 ▬▬▬▬▬▬▬▬▬▬CONTACT▬▬▬▬▬▬▬▬▬▬ Feel free to reach out to me at any of the following: Email: [aaron@aaronameen.com](mailto:aaron@aaronameen.com) Twitter: [https://twitter.com/AaronAmeen](https://twitter.com/AuthorVinod) Instagram: https://www.instagram.com/thehybridrealestatepro/ LinkedIn: https://www.linkedin.com/in/aaron-ameen/ .................................................................................................................. Thanks for watching, and if you liked this video, please leave a LIKE. Subscribe to my channel and click the 🔔 icon for notifications when I post a new video. If you like this video, I’m sure you’ll love my tweets & newsletter. Please follow me on Twitter @AaronAmeen - [https://twitter.com/AaronAmeen](https://twitter.com/AuthorVinod) or subscribe to my newsletter at https://www.thehybridrealestateprofessional.com. I write about the bridge of career, family & finances (specifically real estate investing). Have a fantastic day! -Aaron Ameen ............................................. Disclaimer: Some of the links may be affiliate links, meaning, at no additional cost to you, I will earn a commission if you choose to make a purchase. I am very grateful for your support of this channel in this way. Thank you.

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