Welcome back to Radical Wealth Plan, hosted by Paul Mark Morris and brought to you by Entrepreneur Media. In this episode, I sit down with my friend and fellow real estate pro, Gary Gold — the man who sold the Playboy Mansion, to dig into what it really takes to start investing in real estate, e...
Welcome back to Radical Wealth Plan, hosted by Paul Mark Morris and brought to you by Entrepreneur Media. In this episode, I sit down with my friend and fellow real estate pro, Gary Gold — the man who sold the Playboy Mansion, to dig into what it really takes to start investing in real estate, even if you’re starting with zero dollars. We talk about how to find “ugly duckling” properties that others overlook, structure your first partnership, and analyze deals the smart way. Whether you’re an agent ready to make your first investment or a beginner looking to build wealth through real estate, this conversation breaks down the fundamentals that actually work.
Connect with Paul:https://www.instagram.com/paulmarkmorris/Connect with Gary:https://www.instagram.com/soldbygold/
Timestamps:
00:00:00 Intro
00:02:03 Starting with No Money: My First Big Investment
00:03:54 Understanding Syndication and Partner Contributions
00:09:02 Analyzing the First Deal: The Ugly Duckling Approach
00:11:21 The Importance of Value Add Deals
00:13:20 Finding Opportunities in Unique Properties
00:20:19 Identifying Good Deals with Experienced Realtors
00:22:35 Finding the Right Neighborhood
00:23:47 Emerging Neighborhoods and Investment Strategies
00:24:08 Local Knowledge and Real Estate Investment
00:25:18 Analyzing Deals and Avoiding Retail Buys
00:36:16 Case Study: Long Beach Investment
00:43:19 Final Thoughts and Conclusion
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