REI177: Building Wealth One Deal at a Time w/ Patrick Donley

<p>Patrick Donley sits down with Nick Hill and Dan Foch from The Canadian Real Estate Investor podcast where they turn the tables and interview Patrick on how he got started in his real estate investing career, how his strategies have evolved over the years, the pros and cons of running a fix and flip business, why he is transitioning from residential to commercial RE, and what he’s learned being the co-host of The Real Estate 101 podcast.</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><p>00:00 - Intro</p><p>03:46 - How his first real estate investments went.</p><p>03:58 - What Patrick learned growing up in a real estate family.</p><p>27:08 - What the pros and cons of fix and flips are.</p><p>21:46 - How his real estate strategies have evolved over his career.</p><p>31:33 - How he is financing his deals.</p><p>31:33 - How he is transitioning from residential to commercial real estate investing.</p><p>39:18 - Why he decided to focus on just one niche in just one area.</p><p>39:18 - What it has been like hosting the Real Estate 101 podcast and his top guest takeaways.</p><p>42:56 - What his most complicated renovation project looked like.</p><p>01:00:10 - What his best investment has been.</p><p>And much, much more!</p><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><strong>&nbsp;</strong></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Robert’s book <a href="https://www.amazon.com/Everything-Guide-House-Hacking-Step/dp/1507217196?crid=2XTBV6G2E42IF&amp;keywords=house+hacking&amp;qid=1665064689&amp;qu=eyJxc2MiOiIzLjg4IiwicXNhIjoiMy4yMCIsInFzcCI6IjMuMTUifQ%3D%3D&amp;sprefix=h%2Caps%2C733&amp;sr=8-4&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=fea4360c1b0d29812881ce7229038e2e&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>The Everything Guide to House Hacking</strong></a>.</li><li><a href="https://www.amazon.com/Hillbilly-Elegy-J-D-Vance-audiobook/dp/B01EM4ZJBO?c