274: “Because of These 3 Simple Rules, I’ve Bought Over 600 Units and Never Lost Money” with Paul Morris

What rules govern your real estate investing strategy? For most, it’s a tough question to answer. But not for today’s guest, Paul Morris. Paul, co-author of the bestselling Wealth Can’t Wait, has been investing in real estate for more than twenty years and has never lost money, all because he abides by three simple rules. Today, Paul also discusses the power of mindset in building wealth, the key to investing in emerging markets, and much more. This episode will surely inspire, motivate, and educate you to continue your journey toward financial freedom.
In This Episode We Cover:

How Paul got into real estate investing

Using syndication to do your deals

The types of properties he is buying

Stick with what you know

The three rules

Buying where you know

How to buy in an expensive area

The 24-hour city

What’s the barrier of entry on real estate?

What is an emerging neighborhood?

An interesting story about a keynote speech

What is hard work?

10x your goals

How we affect others and vice versa

Living life to the fullest

Hire people who will love you

And SO much more!

Links from the Show

BiggerPockets Forums

House Hacking 101: How to “Hack” Your Housing and Get Paid to Live for Free

BiggerPockets Money Show

Tiger21 Mastermind Group

BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors

BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn

Books Mentioned in this Show

You Can’t Teach a Kid to Ride a Bike at a Seminar by David H. Sandler

Wealth Can’t Wait by David Osborn & Paul Morris

Set for Life by Scott Trench

The War of Art by Steven Pressfield

The Influential Mind by Tali Sharot

Fire Round Questions

I just bought my 1st deal… now How soon can I buy my 2nd property? Is there a waiting period?

Where can I find a private lender to fund my real estate deals?

Tweetable Topics:

“You can’t do everything on your own.” (Tweet This!)

“You buy where you know.” (Tweet This!)

“The thing that stops people form taking action is the fear of loss.” (Tweet This!)

“Your net worth will never exceed your self worth.” (Tweet This!)

“What got us here will not get us there.” (Tweet This!)

“There’s a lot more hard money out there than there are good deals.” (Tweet This!)

Connect with Paul

Paul’s BiggerPockets Profile

Paul’s Website

Paul’s Instagram Profile

Paul’s Twitter Profile

Paul’s Facebook Page

Email Paul

Learn more about your ad choices. Visit megaphone.fm/adchoices

What rules govern your real estate investing strategy? For most, it’s a tough question to answer. But not for today’s guest, Paul Morris. Paul, co-author of the bestselling Wealth Can’t Wait, has been investing in real estate for more than twenty years and has never lost money, all because he abides by three simple rules. Today, Paul also discusses the power of mindset in building wealth, the key to investing in emerging markets, and much more. This episode will surely inspire, motivate, and educate you to continue your journey toward financial freedom.

In This Episode We Cover:

How Paul got into real estate investing

Using syndication to do your deals
The types of properties he is buying
Stick with what you know

The three rules

Buying where you know
How to buy in an expensive area

The 24-hour city

What’s the barrier of entry on real estate?
What is an emerging neighborhood?

An interesting story about a keynote speech

What is hard work?

10x your goals

How we affect others and vice versa

Living life to the fullest
Hire people who will love you

And SO much more!

Links from the Show

BiggerPockets Forums
House Hacking 101: How to “Hack” Your Housing and Get Paid to Live for Free
BiggerPockets Money Show
Tiger21 Mastermind Group
BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors
BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn

Books Mentioned in this Show

You Can’t Teach a Kid to Ride a Bike at a Seminar by David H. Sandler

Wealth Can’t Wait by David Osborn & Paul Morris

Set for Life by Scott Trench

The War of Art by Steven Pressfield

The Influential Mind by Tali Sharot

Fire Round Questions

I just bought my 1st deal… now How soon can I buy my 2nd property? Is there a waiting period?
Where can I find a private lender to fund my real estate deals?

Tweetable Topics:

“You can’t do everything on your own.” (Tweet This!)

“You buy where you know.” (Tweet This!)

“The thing that stops people form taking action is the fear of loss.” (Tweet This!)

“Your net worth will never exceed your self worth.” (Tweet This!)

“What got us here will not get us there.” (Tweet This!)

“There’s a lot more hard money out there than there are good deals.” (Tweet This!)

Connect with Paul

Paul’s BiggerPockets Profile
Paul’s Website
Paul’s Instagram Profile
Paul’s Twitter Profile
Paul’s Facebook Page
Email Paul

Learn more about your ad choices. Visit megaphone.fm/adchoices