#43: Dave Pere
The BetterLife Podcast: Wealth | Real Estate Investing | Life
Brandon Turner and Cam Cathcart
4.8 • 767 Ratings
🗓️ 1 January 2024
⏱️ 69 minutes
🧾️ Download transcript
Summary
David Pere is a U.S. Marine Corps veteran who's helped tens of thousands of fellow military veterans accelerate their journey to financial freedom through his From Military to Millionaire podcast, books, Facebook group, Youtube channel, events, and War Room mastermind.
In this episode, David talks about transitioning from the military (or any W-2 career for that matter) to business ownership and real estate investing; the importance of connecting with a tribe when taking on a big challenge; and how he's built wealth and freedom on the strength of a middle-class salary.
He also talks about:
- Getting inspired by Rich Dad, Poor Dad as a broke Marine who'd blown his savings on motorcycles, tattoos, and dates
- The camaraderie he felt with his platoon while deployed, and his experience hitting a roadside bomb
- Getting into real estate via house hacking and why he still does it
- His take on the VA loan, "the best primary residence loan on the market"
- His #1 piece of advice for military members who want to set themselves up to build wealth during and after their service
- Why he left the military and how owning a business and real estate helped him make that leap earlier
- What he learned from a long-distance house flip gone bad
- The best and worst real estate deals he's done and what he's learned ("call your attorney before things go off the rails!")
- Getting involved in a 4-year lawsuit over a real estate transaction
- Balancing the Cardone/10X mentality with caution to avoid financial disaster
- His tips for building a personal brand
- Getting past the "BMW" (Below Minimum Wage) phase of starting a business or side hustle
- Carving out quality time with his 7-year-old son and navigating a divorce as a dad and stepdad
- Who you should – and should not – take advice from
David's Charitable Cause:
Heal the Heroes, which hosts healing retreats and experiences for military veterans and first responders working through trauma and the transition to civilian roles
Books Mentioned:
- Rich Dad, Poor Dad by Robert Kiyosaki
- The Book on Investing in Real Estate with No (and Low) Money Down by Brandon Turner
- Invest in Debt by Jimmy Napier
- Free to Focus by Michael Hyatt
- 10X is Easier than 2X by Dan Sullivan and Dr. Benjamin Hardy
Connect with David:
- TheBestPodcastGuest.com (really!)
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're used to putting in a whole bunch of unnecessary or maybe not unnecessary, but extra hours with no pay. |
| 0:09.0 | So then when it comes time to do it for yourself, it's like, at least this is for me. |
| 0:13.0 | Like it doesn't bother me. |
| 0:14.0 | And if you're in the military, like you've got all the benefits so you can start something on the, you've got very low risk when you've got a great job that you know |
| 0:21.0 | you're not going to lose unless you like get a DUI to go out and take some time to build something. |
| 0:27.5 | Welcome to A Better Life with Brandon Turner. That is me where world class guests share their |
| 0:32.6 | wisdom on building a better life. Join me as we explore the habits, the actions and the beliefs |
| 0:37.3 | that have guided their journey with the aim of helping you apply those lessons to your own. building a better life. Join me as we explore the habits, the actions, and the beliefs that |
| 0:37.6 | have guided their journey with the aim of helping you apply those lessons to your own. David Joseph Paray, welcome to the podcast, man. |
| 1:00.2 | Good to have you here. |
| 1:00.8 | Thanks for having me, brother. |
| 1:01.8 | Dude, you and I have known each other for quite some time. |
| 1:04.1 | I know you were when you were in the Marines. |
| 1:06.5 | I know you were, we ran into each other first time, I think over on Oahu when I was hanging |
| 1:11.1 | out there trying to look for a place to move. I know you are a real estate investor. You were one before |
| 1:15.1 | and you've really blown up the last few years and done a lot more. I know you have your own tribe, |
| 1:19.0 | your own group, your own podcast, you've done the whole thing. But take us back before all of that. |
| 1:23.4 | Who was David Paray? I was the very typical service member, right? |
| 1:28.3 | So I joined the Marine Corps in 2008. |
| 1:31.3 | I grew up in Little Rock, Arkansas. |
| 1:32.3 | I didn't have money for school, wasn't a good student, wanted to travel the world. |
| 1:36.3 | Oh, the military is a good way to do that. |
... |
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