31: The Landlord: How I Acquired 485 Properties in 12 months - a podcast by Sam Marks & Johnny FD

This episode is going to make you stand up or sit down, whatever the opposite is of what you are currently doing. “The Landlord” is famous in Real Estate investing circles. He is the real-life story of Rich Dad Poor Dad mixed with a twist of the hard knock life. Growing up in bad neighborhoods and learning to hustle out of necessity to survive at as early as 14, The Landlord became a master of many crafts, especially in Sales.

His ever-persistent attitude led him in a financial quest into different markets and eventually real estate. Learning a unique angle in acquiring properties, he was able to build a private property empire in 12 months. Through his career in real estate, he has amassed an experience, lessons, and stories that are priceless. This episode is tremendously entertaining and has some big value takeaways. This is the ultimate story of hustle.

 

Where are we:

Budapest, Hungary

 

Recommended (books, subscriptions):

Robert Kiyosaki - Rich Dad Poor Dad

 

Show notes:

01:35 – Introduction to The Landlord

02:45 – Collecting rent in urban areas

06:15 – Selecting security detail

07:15 – Early stories of the Landlord

08:00 – With only a 6th grade education

10:00 – Hustling in the streets

13:25 – Starting his first business

15:30 – Doing a deal with overstock.com

16:20 – Doing the sales calls yourself

17:25 – 10,000 hours of cold calling

20:00 – Getting through to the executives

22:00 – Hustling for the small sales, not just the big ones

23:35 – Transitioning into liquidation sales

27:00 – The Landlord’s first property

30:15 – Real estate auctions

38:00 – Gun shots in low-income neighborhoods

41:15 – Cash flows of properties

46:45 – Managing day to day drama

51:10 – Evicting 2,000+ tenants

54:00 – Scaling the company

 

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