Getting Started - Jim Parker - Multifamily Podcast Network

Jumping to real estate while having a mid-senior management job is a scary thought, but not for Jim Parker. Still in his early 40’s, Jim is ready and more than willing to take the leap into space because he wants to have a passive income stream by the time he’s in his late 50’s. He wants to take full control of his own time, where he will work only if he wants to, all the while collecting mailbox money.

In investing in real estate, there are 4 things that investors are working on. The first should be Knowledge. We believe that investors should know first how a deal looks like before they can proceed in joining a deal. We also believe that there is an efficient and effective way to jump into real estate, which will let the investors know if this space is really for them.

[00:01 – 03:53] Opening Segment

I welcome today’s guest, Jim Parker
The part of real estate is Jim the least interested

[03:54 – 08:10] The 4-Step Process to Start in Real Estate

What’s the Dave Ramsey way?
The 4-step process that Jim can follow
- Find
- Fund
- Fix
- Listen to our exchange for the last step!

[08:11 – 14:44] The Truth Behind Multifamily Investing

The ideal number of units to acquire first
What every investor should know about multifamily investing
The key part in the 4-step process we discussed

[14:45 – 23:18] 4 Things Real Estate Investors Work On

Listen to our exchange about buying properties
What you should know about the business model of McDonald’s
The 4 things that investors work on
- Why knowledge should be the starting point
The most efficient and effective way to jump to real estate

[23:19 – 25:15] Closing Segment