226: From D-Student to $400,000 in Annual Rental Property Cash Flow with David Osborn

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 11 May 2017

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

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Summary

What does true wealth look like? Is it simply money or something more? And how does one achieve that wealth? That’s the topic on today’s episode of The BiggerPockets Podcast, where we sit down with David Osborn, a highly successful real estate investor, agent, and New York Times Bestselling author from Austin, TX. This show is PACKED with incredible, life-changing knowledge, advice, and wisdom from someone who truly walks his talk. David covers everything from buying your first property, the exact “pass/fail” metrics he uses to evaluate potential deals, the importance of work/life balance, and SO much more! This is one episode you’ll want to listen to again and again! In This Episode We Cover: A little about David’s background How being lazy can actually work His rental portfolio How he’s managed to build his portfolio easily His advice to those who are still starting out The importance of hanging out with winners The three main things that he focuses on his life How he learns best The story behind “wealth can’t wait” A conversation on the definition of wealth What can be improved in the current curriculum How to know when enough is enough How to gain momentum in real estate David’s goals for the next 20 years And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Instagram Account Josh’s Instagram Account Brandon’s Instagram Account Self Made Man Podcast with David as Guest BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone Carleton Sheets BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene BiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban Gobundance Khan Academy Books Mentioned in this Show Set for Life by Scott Trench Wealth Can’t Wait by David Osborn Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki Real Estate Riches by Dolf de Roos Secrets of Power Negotiating by Roger Dawson The ONE Thing by Gary Keller and Jay Papasan As a Man Thinketh by James Allen Tweetable Topics: “It’s all about opportunity in life. So you won’t be ready for the opportunity unless you’re prepared.” (Tweet This!) “If you want to be a winner, you’ve got to hangout with winners.” (Tweet This!) “Wealth is not just really about money. It’s about an entire way of living. It’s a state of mind.” (Tweet This!) “The biggest risks in life is not taking risks.” (Tweet This!) Connect with David David’s Personal 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 226
0:05.0	But that's what I think wealth does for you too man. It's just this journey of you earn it
0:08.4	You become a better person while you're earning it you become stronger more capable and then you give it away and then by giving it
0:14.8	away you become another person and you learn more and you move further along in life.
0:18.6	We don't own any of stuff here on earth, it's just loan to us, but the better steward we are of everything that's here
0:23.9	while we're here ultimately I think makes for a more interesting and
0:27.5	fascinating life. You're listening to bigger pockets radio simplifying
0:31.9	real estate for investors large and small.
0:35.3	If you're here looking to learn about real estate investing without all the hype, you're
0:39.3	in the right place.
0:41.1	Stay tuned and be sure to join the millions of others who have benefited from
0:45.0	bigger pockets.com. Your home for real estate investing online.
0:50.0	What's going on everybody? This is Josh Dorkin House to the BiggerPockets podcast here with my co-host Mr Brandon Turner.
0:56.8	What's up man?
0:57.8	Josh Dorkin, how the heck are you?
0:59.5	I am doing, I'm doing good man, I'm doing really good.
1:02.4	You know I saw a picture of you on what was it
1:04.4	Instagram the other day you look like you look like a GQ like model I don't know what that was. How much
1:09.3	Photoshop did they have to do to get your face looking like that? And they fixed a lot of the problems that are there.
1:14.0	Wow.
1:15.0	You know, it's not bad.
1:16.0	You look sharp.
	...

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