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

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

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

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274: “Because of These 3 Simple Rules, I’ve Bought Over 600 Units and Never Lost Money” with Paul Morris 01:30:48

BiggerPockets Real Estate Podcast

Shownotes Transcript

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