283: 18 Houses in the First 18 Months with Paul Thompson

<p>Start slow—or take off like a rocket? When it comes to real estate investing, the choice isn’t the same for all. This week, our guest&nbsp;<strong>Paul Thompson&nbsp;</strong>made a clear choice: Rocket! After realizing the fragile nature of his six-figure salary, he set out to&nbsp;replace his salary with passive income—as quickly as possible. This led&nbsp;him&nbsp;to average a new home purchase every month for the first year and a half, and soon he had true financial freedom and quit his 9–5. This show is&nbsp;<em>packed</em>&nbsp;full of actionable tips, including some never-before-heard-on-this-podcast strategies for finding deals with the use of virtual assistants, Craigslist, and cold calling! This is one episode for which you’ll need to take some notes, so grab a notebook and let’s get into it!</p><p>In This Episode We Cover:</p><ul><li>Paul’s&nbsp;<strong>backstory</strong>&nbsp;prior to real estate investing</li><li>His first deal doing the&nbsp;<strong>BRRRR method</strong></li><li>What is&nbsp;<strong>escape velocity?</strong></li><li><strong>P.I.L.E.</strong>&nbsp;(Passive Income greater than your Living Expenses)</li><li>How he&nbsp;<strong>manages</strong>&nbsp;his properties</li><li>Finding&nbsp;<strong>private money lenders</strong>&nbsp;through BiggerPockets</li><li>His system in&nbsp;<strong>making offers</strong></li><li><strong>Things he looks for</strong>&nbsp;in each deal</li><li>How to negotiate for&nbsp;<strong>seller financing</strong></li><li><strong>Subject-to</strong>&nbsp;explained</li><li>Why does he<strong>&nbsp;L.I.E.</strong>&nbsp;every day?</li><li>His interesting thoughts about&nbsp;<strong>money</strong></li><li>How he&nbsp;<strong>balances</strong>&nbsp;his time</li><li>The&nbsp;<strong>third-party</strong>&nbsp;catalyst</li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li><a href="http://biggerpockets.com/forums" target="_blank">BiggerPockets Forums</a></li><li><a href="https://www.biggerpockets.com/webinars" target="_blank">Bigge