On today's episode of the Passive Wealth Principles Podcast, Jake chats with Kurt Buchert, a real estate investor. Kurt became a Certified Financial Planner (CFP) after graduating from Louisiana State University with a Bachelor's degree in Finance, Real Estate and Commercial Banking. Fun fact: Kurt was the youngest CFP in Louisiana at the time. After achieving financial freedom at age 30 and taking a year off, Kurt realized he needed a purpose, and that was investing in real estate.
He talks about his journey into real estate investing. He also talks about how his spray foam business failed in the first 60 days, how he turned it around, and the important lessons he learned after selling it for pennies. You'll learn about his $5,000 gold bet. He'll also share practical strategies to make Airbnbs more profitable and his successful system as a virtual landlord.
Kurt is also a voracious reader. He'll explains how reading has had the biggest impact on his success, and recommends 'The Psychology of Money' by Morgan Housel, among many other books. He'll go into the process of hiring an au pair and explains why it was the greatest decision.
Join Jake and Kurt for this fascinating discussion on the path to achieve financial freedom by 30, house hacking, and stock market investing.
What You’ll Learn in this Show:
- About his professional background.
- The importance of building a saleable business.
- The day-to-day life of a real estate investor.
- Why you should avoid individual stocks.
- How reading has had the biggest impact on his success.
- And so much more...