Wed, 27 June 2018
#155: Do what Amazon does. That is what you are doing when you invest passively in income property. But it’s easier than building a business like Amazon.
Like Amazon Prime, your RE portfolio has a recurring income stream. Amazon provides society with non-discretionary items like household goods; RE investors provide society the non-discretionary household itself.
Today’s guest, Abhi Golhar of Real Estate Deal Talk, emphasizes why cash flow is king today. He is exiting many flips in order to purchase cash-flowing SFHs and multifamilies. He tells us why.
Abhi talks about “Rich Dad, Poor Dad”, how to select a mentor, and much more.
Abhi and I discuss real estate trends via geographics, demographics, and psychographics.
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Listen to this week’s show and learn:
00:50 Real estate investing is like Amazon’s success model, only easier. Here’s why.
04:38 “Rich Dad, Poor Dad”.
07:42 Buying and selling cars on eBay.
10:13 Following and choosing mentors.
18:37 The durability of real estate as it relates to caring for your body.
23:11 Real estate appreciation the last 5+ years.
26:34 Real estate geographics, demographics, and psychographics.
33:22 Abhi is exiting flips and purchasing buy-and-hold income property. Cash flow is king.
35:26 Responding to listener feedback, Get Rich Education’s new episodes will begin publishing four days sooner: Mondays hereafter, rather than Fridays.