Achieving Real Estate Freedom and Leaving Big Law with Seth Bradley

Published: July 3, 2023, 7 a.m.

b'Whatever industry you\'re in, you will always be dealing with money in one way or another.\\nIn this episode, we look at Seth Bradley\'s inspiring journey from becoming a successful, prominent law attorney to a financially independent real estate investor. We explore his transition process, discuss the mindset shift necessary for him to become an entrepreneur, and gain valuable insights into the basics of investing in real estate. We also hear about the best and worst investments Seth has ever made and get advice on how to succeed in real estate investing.\\xa0\\n\\xa0\\nThis episode is perfect for those considering leaving their job to pursue a career in real estate or for those wanting to learn more about the potential benefits of making the switch. Join us as we talk to Seth about his experience and gain valuable insight into what it takes to become a successful investor!\\n\\xa0\\n[00:01 - 06:41] Opening Segment\\nSeth shares his background and career\\nSeth realized that trading time for money was not enough, and then started investing in real estate\\nInvested in single-family properties, fix and flips, wholesales, etc\\nHow Seth got fired on New Year\'s Eve due to lack of time\\n\\xa0\\n[06:42 - 11:55] From Big Law Firm to Real Estate Investor\\nGoing into active real estate investing\\nPartnered with sponsors to do legal work and capital raising\\nSeth was always a risk-taker, so a mindset shift wasn\'t too difficult\\nSeth\'s most significant Aha moment was realizing the traditional path of making a partner wasn\'t for him\\n\\xa0\\n[11:56 - 20:30] Navigating the Complexities of Real Estate Syndications\\nSeth talks about the golden handcuffs of making more money, spending more money, buying a bigger house, etc.\\nPeople in their sixties could retire, but they get addicted to the job, and it becomes part of their identity\\nAdding value to teams with specialization in securities law by taking a business perspective as well as a legal perspective\\nThe operating Agreement is the controlling document and should be read carefully\\n\\xa0\\n[20:31 - 24:05] Investing in Real Estate: Things to Consider Before Taking the Plunge\\nKnow the voting rights, fees, distributions, and liquidity provisions before investing in a real estate syndication\\nUnderstand if you have enough money, time, and interest to be an active investor or passively invest in real estate.\\n\\xa0\\n[24:06 - 28:33] Closing Segment\\nBest investment: 120-unit apartment building with 2.2x return in 11 months\\nWorst investment: $25,000 invested in a restaurant with a complete loss\\nThe most important lesson learned: Don\'t invest in something you don\'t know anything about\\n\\nQuotes:\\n\\xa0\\n"Whatever you\'re doing, whether you\'re a doctor or a lawyer, or a teacher or a coal miner, you\'re still trading time for money." - Seth Bradley\\n\\xa0\\n"You need to ask yourself how much money you have. If you have money to invest and are highly paid w2, you can take active income and turn it into passive income. That\'s probably your best bet, and it doesn\'t take as much work." - Seth Bradley\\n\\nConnect with Seth Bradley!\\nWebsite: www.SethPaulBradley.com\\xa0\\n\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\n\\xa0\\nTrack your rental property\'s finances with Stessa. Go to www.escapingwallstreet.com.\\n\\xa0\\nJoin our Passive Investor Club to access passive commercial real estate investment opportunities.\\n\\xa0\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.'