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b"Brian Boyd is an attorney in Nashville, TN who practices in the areas of real estate, construction law, business and taxation. He is the owner and managing attorney at Boyd & Wills, PLLC in Brentwood, TN. He started investing in real estate in 2017 as a way to generate passive income. Since then he has taken a hands-on approach to his real estate investing and has advised other clients on the best ways to achieve financial independence through real estate. Brian tells the story of how he bought his first home, paid off his student loan and started investing in real estate. He talks about how his wife got involved in real estate and helped him to buy his second home. He discusses how he scaled up his portfolio by buying more properties and how he ensured that he was working with good bankers who understood his vision. Today, he still practices law and has a wife who works at a Fortune 500 company. He emphasizes that he balances his multiple time commitments by taking on extra work when it is available.\\n\\xa0\\n[00:01 - 12:40] Opening Segment\\nBrian started investing in real estate in 2007 during the real estate meltdown\\nHe bought his first short-term rental property in 2008 and then his first single-family home the following year\\nIn 2009, he sold his first single-family home for a $70, 000 profit and then bought his second single-family home\\n\\nHe discusses generational wealth building strategy\\n\\xa0\\n[12:42 - 15:30] Diversify Your Portfolio Into Short Term Rentals\\nBrian\\u2019s real estate agent and his banker helped them buy and sell homes successfully\\nHe and his wife advised them to aim small and invest in small homes that would cash flow\\n\\nHe advises to have a good real estate agent and have a good banker\\nHe did the legal work and, he and his wife bought two single-family homes along the way\\nHe says that we are always able to help when they need it\\n\\nHe recommends diversifying one\\u2019s portfolio into short term rentals, syndication deals, and property management\\nIn order to maintain a good cash flow and be able to grow one\\u2019s business\\n\\n\\xa0\\n[15:31 - 25:36] Do Your Homework Before Diving Into Short-term Rentals\\nHe recommends doing your homework before diving into the short-term rental game in order\\nMake sure that the property is a good fit for your needs\\xa0\\xa0\\nMake the numbers make sense\\n\\nIn a syndication deal, numbers tell a story\\nFind a place that is family-friendly\\nGet a good property manager\\n\\n\\xa0\\n[25:37 - 34:32] Closing Segment\\nQuick break for our sponsors\\nThe first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at www.escapingwallstreet.com\\xa0\\nWhat is the best investment you've ever made other than your education?\\nBrian says that his best investment that he and his wife have ever made in real estate is getting the right team together\\n\\nWhat is the worst investment you\\u2019ve ever made?\\nBrian says that his worst investment that they made was a stunning, gorgeous, gated community town, but it was in the wrong part of town and they could not rent it out.\\nThey broke even after three months\\n\\nWhat is the most important lesson that you've learned in business and investing?\\n\\u201cPigs get fat and hogs get slaughtered.\\u201d\\n\\u201cAim small and miss small.\\u201d\\n\\u201cDo not bite off more than you can chew.\\u201d\\n\\u201cDon\\u2019t be mesmerized by bright and shiny things.\\u201d\\n\\n\\xa0\\nConnect with Brian Boyd through Facebook, LinkedIn, Twitter, and Instagram.\\xa0 Visit his website http://www.briantboyd.com\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\xa0\\nJoin our Passive Investor Club for access to passive commercial real es"