Welcome back to Radical Wealth Plan, hosted by Paul Mark Morris and brought to you by Entrepreneur Media. In this episode, I sit down again with David Bailey, a seasoned investor who has built his portfolio through one core philosophy: never sell. David shares why the buy-and-hold strategy consis...
Welcome back to Radical Wealth Plan, hosted by Paul Mark Morris and brought to you by Entrepreneur Media. In this episode, I sit down again with David Bailey, a seasoned investor who has built his portfolio through one core philosophy: never sell. David shares why the buy-and-hold strategy consistently outperforms quick flips, how cash flow creates stability no matter what the market does, and the lessons he’s learned from decades of steady “base hits” instead of chasing home runs. If you’ve ever wondered whether now is the right time to buy, or how to build wealth that lasts for generations, David’s insights will change how you look at real estate forever.
Connect with Paul:
https://www.instagram.com/paulmarkmorris/
Timestamps
00:00:00 Introduction and Welcome
00:01:11 David Bailey's Real Estate Journey
00:02:08 Evaluating Properties and Market Insights
00:06:15 Real Estate Strategies and Lessons
00:09:22 Financial Considerations and Market Trends
00:32:01 Understanding Equity Growth and Cash Flow
00:32:19 The 1% Rule in Real Estate
00:33:23 Real Estate Investment in Different Markets
00:36:36 The Importance of Repairs and Maintenance
00:40:49 Strategies for Acquiring Real Estate
01:04:10 Understanding Basis and Depreciation in Real Estate
01:04:46 Tax Benefits and Loopholes in Real Estate
01:06:55 Challenges and Strategies in Real Estate Underwriting
01:09:30 Rent Control and Property Management Insights
01:19:21 Tips for New Real Estate Investors
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