#27: JP Newman, Founder Of Thrive, Portfolio of 3000+ Doors, 2 Billion In Transactions
Next Level Pros
Chris Lee
4.7 • 165 Ratings
🗓️ 21 August 2023
⏱️ 56 minutes
🧾️ Download transcript
Summary
Welcome to another episode of The Founder Podcast! Today, I'm thrilled to introduce my good friend, JP Newman, a remarkable individual who has achieved incredible success in the real estate industry. JP is more than just a real estate guru; As the founder of Thrive, and FP, he's built a substantial wealth fortune of over $2 billion in transactions. He also holds an impressive portfolio of 3,000 doors. JP and I dive into his journey of success, his early experiences in entrepreneurship, and his transition from corporate America to the world of real estate. JP's story is one of resilience, determination, and a relentless pursuit of financial freedom. He shares anecdotes from his corporate days, including his time at Sony Pictures, where he learned the art of storytelling and produced iconic films like "Where the Red Fern Grows." But JP's story isn't without its challenges. JP's dedication to financial education and his ability to navigate complex tax strategies make this episode a must-listen for entrepreneurs, investors, and anyone interested in building wealth. HIGHLIGHTS "Probably one of the things that attracted me most to JP, the very first time that we met was his ability to understand tax and tax law and how to operate in the darkest gray possible." "I always say, man, you know, especially in those early ages, just say yes. And then figure it out." "...You know what? I'm done with that, like, I'm done working for making other people successful." TIMESTAMPS 00:00: Introduction 03:26: Tell Us Your Story 05:13: The Most Beautiful Air BnB 10:48: Working At Sony Pictures 14:48: Having The Balls To Make It Happen 19:42: Early Days Of Online Shopping 23:15: Comparison 31:51: Hygiene & Motivational Factors 34:35: The Largest Deal Of His Life 42:10: Favorite Current Strategies?
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Transcript
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| 0:00.0 | I think it's just kind of college that's like it's like going to your kid fantasy of like what you're supposed to do what your parents tell you you're supposed to do versus kind of figuring out that that doesn't really sound that fun. |
| 0:11.6 | Yo yo yo what's up? Welcome to another episode of the founder |
| 0:16.7 | podcast. Today I have my good friend, J.P. Newman, |
| 0:21.0 | J.P. is literally, and I know I said this about quite a few people, but literally one of the coolest human beings that I know, he is a real estate guru. He's done over $2 billion in transactions. |
| 0:33.1 | Currently has 3,000 doors in his portfolio. |
| 0:36.6 | The guy is building a massive wealth fortune in the real estate business. and probably one of the things that attracted me most to |
| 0:46.4 | J.P. the very first time that we met was his ability to understand tax and tax law and how to operate in the darkest gray possible. |
| 0:58.0 | Which, man, I love good tax strategy. |
| 1:02.0 | Welcome to the show, Mr. J.P. |
| 1:04.8 | Thank you, buddy. |
| 1:06.6 | It sounds so sexy being the tax guy, |
| 1:08.9 | but I have to say I do nerd out on those kind of things |
| 1:11.2 | with you. |
| 1:11.4 | It's pretty fun and you understand the chess game. |
| 1:13.7 | It is. It's a good time. So yeah, a little background story. So J.P. and I met at a, on a private island, |
| 1:29.0 | out in Croatia of all places this was what was it April or May no June |
| 1:36.0 | June of 2022 so we've known each other for just about 14 months stayed in contact with J.P. just via text I also invested in a in a fund that that he's invested into this this mutual friend that we have that |
| 1:46.8 | invest in a bunch of mom-pop good boring businesses I've invested with him but anyways the the story goes we were we're on this private |
| 1:56.6 | island with his big group of entrepreneurs I think there was 150 of us out there in a little old Mormon me not drinking not doing any of the |
| 2:06.6 | crazy psychedelic stuff that you know all these guys were into and me and |
| 2:12.4 | J.P kind of found each other on a dock kind of like out |
| 2:16.9 | around and we started talking tax strategy and I'm like holy crap this guy is |
... |
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