Shownotes
Erle Thompson's story of getting into real estate investing, how he survived the crash and why he went from flipping to focusing on cash flow. Highlights:
- Everything started with first house he bought and rented to friends
- Why Erle changed his mindset from a net worth “flip” mentality to a cash flow mentality
- Just committed to things, jumped in with both feet and then figured out how to do them
- Going from “millionaire” to nothing and then bouncing back
- How and why Erle avoided bankruptcy to pay back his friends and family after the crash
- Why Erle moved from Single Family to Multi-family properties
- Erle’s new rules for buying real estate investments
- Why Erle and his wife are opening a Montessori school in his town
- The importance of and desire to be around other like-minded people who can support you
- If you want to grow, find someone better or further along than you and go hang around with them
- Advice for getting into real estate investing
- Importance of taking action however you can
Links:
If you are interested in coaching or have feedback or questions on the podcast, feel free to send me an email: andy@andystorch.com
