Inspired by “Rich Dad Poor Dad,” Randal McLeaird, founder of Ridgeline Investment Group, shares his story in real estate investing with Jonathan on Zen and the Art of Real Estate Investing. Randa is also the host of the podcast Agents Building Cashflow. With over a decade of experience, Ridgeline Investment Group is known for creating value through strategic acquisitions and management.
As Jonathan and Randal begin their discussion, Randal reflects on his first property deals, early lessons from flipping, and why his initial strategies might not be ideal for today’s newcomers. Now investing in small multifamily properties in Texas and expanding into Georgia, Randal highlights the benefits of holding properties longer, his approach to buying land, and the importance of having a supportive partner in real estate investing. He also gives advice to new investors on avoiding common mistakes in rehabs.
You’ll hear more from Randal McLeaird about:
- The book “Rich Dad Poor Dad” really sparked Randal’s initial interest in real estate investing.
- With his first property in San Antonio, Randal walked away with several lessons, including the importance of visiting properties, not putting total trust in photos, and being open to taking on big projects.
- Over the years, as he gained experience, he shifted his focus from single-family residences to multifamily properties, acquiring properties from wholesalers and the MLS.
- New investors can benefit from attending REIA meetings, networking with experienced investors, and learning from contractors. Randal also says you must have a supportive family that understands real estate investing is a long-term plan.
“Rich Dad Poor Dad” has inspired many real estate investors over the years, and for Randal McLeaird, it was the catalyst that set him on a path to success.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out https://zenandtheartofrealestateinvesting.com/podcast/191/.