How to Do Your First Profitable Real Estate Deal

Episode 120 Justin Williams and Tara Williams, 8 Minute Millionaire,

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3 Key Points:

1.        Life is about passive income—passive income is where you win.
2.        Don’t worry about the 1^st return—dedicate yourself to the waterfall.
3.        Avoid the “this is gonna be easy” pitfall—nothing worth having is ever easy.

Episode Notes: 

•          00:55 – Nathan’s introduction to today’s show
•          01:47 – Justin and Tara join the show
•          01:57 – Why 8 minute millionaire is working so well
•          02:43 – The FIRST flip
•          03:15 – Whole Selling
•          04:02 – The struggle of 2011—being broke…all the money of the past had gone to debt
•          05:40 – 60 houses in 2011, and 100+ houses ever since
•          06:05 – Net profit in 2014 was roughly $1M
•          08:14 – Where do you invest your money?
•          09:04 – Fix and flip is the backbone of the business today
•          09:25 – Automate the business and crush passive income
•          10:00 – Don’t focus on the 1^st return, focus on the waterfall
•          12:15 – The plan is to have the online education surpass real estate revenues
•          14:16 – Don’t fall into the pitfalls of “this will be easy”
•          14:50 – Managing the coaching lifestyle
•          18:55 – Famous Five

Resources Mentioned:

•          Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
•          8 minute millionaire – A program about developing the MINDSET of a millionaire
•          House Flipping HQ – Learn how to flip houses for free with house flipper Justin Williams
•          Outwitting the Devil—A great business book from Napoleon Hill

Famous 5

•          Favorite Book?—Outwitting the Devil
•          What CEO do you follow?—Nathan Latka
•          What is your favorite online tool?—Google Calendar
•          Do you get 8 hours of sleep?—Yes
•          If you could let your 20 year old self know one thing, what would it be?—Life is going to be OK.

 

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The Top is FOR YOU if you are:

A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)

STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)

An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)

The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).

Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.

 

Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop