A moment of clarity can often lead to a career change that better aligns with your life goals and opens up new opportunities. In this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Paul Thompson, a bestselling author, full-time real estate investor, coach, hard money lender, and host of The Wake Up Call podcast. Paul is also the founder of One Call Capital.
Jonathan and Paul dive into what prompted Paul to leave his secure W2 career and venture into real estate investing. Paul discusses a common mistake among investors, how his first property captivated him, and the hard lessons that reshaped his approach. They explore how a layoff motivated him to expand his portfolio, the importance of recognizing your strengths and delegating tasks, and the criteria he looks for in a first-time borrower as a hard money lender. Paul also shares his preference for assets offering residential services, his focus on long-term goals, and advice on finding a mentor without incurring the cost of pricey masterminds or coaching programs.
You’ll hear more about:
- Paul had a wake-up call with his former boss when he asked to extend his vacation at the beach, but he was refused.
- When he was laid off from his job, he left the corporate world and entered real estate investing full-time.
- New investors must view their real estate deals as a business instead of a side hustle.
- Building relationships and a good network can help you avoid paying for pricey masterminds and coaches.
- Don’t forget that commercial real estate can present good opportunities minus the large down payment.
Paul Thompson is teaching others how to lead a life of design with real estate investing as the vehicle.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out https://zenandtheartofrealestateinvesting.com/podcast/160/.