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BiggerPockets Real Estate Podcast

134: Creative Finance and Gaining a Millionaire Mindset with Pro BMX Rider Terry Adams

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 6 August 2015

⏱️ 88 minutes

🧾️ Download transcript

Summary

On today’s episode of the BiggerPockets Podcast, we sit down and dig into the life of a professional BMX bike rider Terry Adams. Outside of his many accomplishments in the stunt bike world (X-Games gold medal, appearance on Glee and Ellen, and more), Terry is also an accomplished real estate investor with some incredible strategies for building wealth. In the interview, we cover everything from investing with no money, to dealing with personal finance concerns, to mindsets, and more. This show is about to rock your world, so grab a pencil and some paper and let’s get started! In This Episode We Cover: Who Terry Adams is and what his profession entails How he got started in real estate The details of his first property His trailer property How he finds great real estate deals What you should know about finding a mentor The ins and outs of the “BRRR” strategy What exactly line of credit investing is Tips for dealing with banks How your mindset affects how you invest in real estate The details of Terry Adams’s portfolio The secret to building wealth with the help of mentors The importance of knowing your net worth And SO much more! Links from the Show Terry Adams on The Ellen Show (video) BiggerPockets Meet BiggerPockets Forums BiggerPockets Podcast Books Mentioned in this Show Secrets of the Millionaire Mind by T. Harv Eker The Richest Man in Babylon by George S. Clason Tweetable Topics: “There’s always a way to make it happen.” (Tweet This!) “The more I manage my money, the more money I have to manage.” (Tweet This!) “You take your other liquid asset and you invest it, because that’s how you build wealth.” (Tweet This!) Connect with Terry Terry’s Instagram Terry’s Twitter Snapchat: terryadamsbmx Facebook Fan Page Terry’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 134.

0:05.0

I want to be a million.

0:06.5

I want to say that my net worth is at a million.

0:09.2

And I'm happy to say that with investing in real estate it was relatively easy to make those

0:15.9

numbers grow. You're listening to Bigger Pockets Radio simplifying real estate

0:21.2

for investors large and small.

0:23.7

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

0:27.6

you're in the right place.

0:29.6

Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.

0:34.8

Your home for real estate investing online.

0:38.3

What's going on everybody?

0:39.3

This is Josh Dorkin, host to the biggerockets Podcast here with my co-host Mr. Brandon Turner.

0:47.2

What up B?

0:48.2

What up? What up? I feel pretty cool today because we are talking to a cool guy and I'm not a cool guy normally but

0:54.4

today I feel a little cooler. Yeah well you know you need it I think I do need it I'm like

1:00.3

the nerdy white kid it gets beat up a lot you know is that why you pick fights with guys

1:06.2

bigger than you wherever you go I didn't pick a fight with today's guest we just got

1:09.9

the recording and I didn't I should have you didn't you should yeah that would have been funny. Yeah I challenge you to a bike off I could do that yeah today's show you guys are gonna love this guys a

1:19.8

Professional BMX bike rider does some amazing stuff. I was actually watching YouTube, just a little bit ago. He was on Ellen, the show like Ellen and he's doing some amazing stuff. We'll put on Glee. He was on Glee. We'll put a link to the Ellen thing. We actually embed the

1:33.0

YouTube video on the show notes page at bigger pockets.com slash show 134.

1:37.6

So make sure you check that out. It's incredible what he can do. So we'll get to that in a

1:41.5

minute. But before we do, why don't we come to today's

...

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