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BiggerPockets Real Estate Podcast

113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 12 March 2015

⏱️ 64 minutes

🧾️ Download transcript

Summary

Today on the BiggerPockets Podcast we’re excited to bring you another fantastic interview by one of the most successful real estate authors in America. Jay Papasan is best known to this audience as the co-author of The Millionaire Real Estate Investor (co-written with Gary Keller) which has been our top-recommended real estate book here from BiggerPockets Podcast guests. He also co-authored The Millionaire Real Estate Agent and collaborated on the best selling book FLIP and HOLD. Most recently, Jay is the co-author of The One Thing, which Brandon recently featured as the number one book on his list of the business books that changed his life in 2014. Jay is also a savvy real estate investor, and he shares his incredible story and strategy with us today! In This Episode We Cover: How Jay got started writing real estate books Why real estate agents don’t invest themselves How to adopt an investor mindset The habits real estate investors hold How to do the math when looking at properties Insight into The Millionaire Real Estate Investor Clever methods for finding deals What you should know about “The Domino Effect“ And SO much more! Links from the Show: BiggerPockets T-shirt BiggerPockets Tools for Analysis BiggerPockets Podcast Show 105 with Ophelia Nicholson BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down Books Mentioned in this Show The Millionaire Real Estate Investor by Gary Keller The Millionaire Real Estate Agent: It’s Not About the Money…It’s About Being the Best You Can Be! by Gary Keller The Book on Flipping Houses by Mr. J Scott The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller Good to Great: Why Some Companies Make the Leap…And Others Don’t by Jim Collins The Millionaire Next Door by Thomas J. Stanley The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich by David Bach Body for Life: 12 Weeks to Mental and Physical Strength by Bill Phillips Go For the Goal by Mia Hamm Rich Habits – The Daily Success Habits of Wealthy Individuals by Thomas C. Corley Rich Dad Poor Dad by Robert T. Kiyosaki The 4-Hour Workweek by Timothy Ferriss The Lean Startup by Eric Ries The Richest Man in Babylon by George S. Clason Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki Managing Oneself by Peter Ferdinand Drucker Tweetable Topics: “Start looking at the world as an opportunity.” (Tweet This!) “Every house is a surprise.” (Tweet This!) “I’d always rather miss 5 or 6 good ones rather than buy one bad one.” (Tweet This!) “I’d rather have fewer roofs to manage but have more net worth and cash flow over time.” (Tweet This!) “Achievers have a clear sense of priority.” (Tweet This!) “Action is how you make progress in life.” (Tweet This!) “If I just teach him one thing, where do I begin that has the most impactful way for me to line up my life?” (Tweet This!) “You figure out what your focus should be and act that way all the time.” (Tweet This!) “The best way to learn something is to teach it.” (Tweet This!) Connect with Jay Jay’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Bigger Pockets Podcast, show 113.

0:05.0

We interviewed about 120 people like you

0:07.5

to write the millionaire real estate investor

0:09.1

and I started to see a pattern.

0:11.2

You're listening to Bigger Pockets Radio, simplifying real estate for investors large and small.

0:17.0

If you're here looking to learn about real estate investing without all the height, you're in the right place.

0:23.2

Stay tuned and be sure to join the millions of others

0:26.2

who have benefited from bigger pockets.com.

0:29.2

Your home for real estate investing online. What's going on everybody? This is Josh Dorkin, host to the BiggerPockets Podcast here with my co-host, Mr.

0:38.7

Brandon Turner. What up, Brandon?

0:41.0

Literally, you are here with your co-host.

0:43.4

We are like 10 feet away.

0:44.4

We are, you are right in the cubicle next to mine.

0:46.8

I love it, I love it.

0:47.8

It's been fun having you here, man.

0:49.8

Yeah, I don't like this cubicle idea.

0:51.7

This is kind of creepy in here but life wasn't meant to be

0:54.4

meant to be lived in a cubicle was life was not meant to be living that's why I work at home

0:57.7

normally but you know I'm here at the office hanging out with you because I like you

1:01.0

by the way we do have bigger pockets t-shirts that

1:04.4

bear that exact slogan don't they? They do they do and they're kind of cool so if you

1:08.4

want to check them out head over to bigger pockets that com slash t-shirt t-s-h-h-I- i r t right on right around get your copy today all right guys so

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