How to Do Your First Profitable Real Estate Deal

Published: Jan. 18, 2016, 11:30 p.m.

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Episode 120 Justin Williams and Tara Williams, 8 Minute Millionaire,

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Click here to join the top tribe and talk to Nathan live: http://nathanlatka.com/startertribelive

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3 Key Points:

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  1. \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 Life is about passive income\\u2014passive income is where you win.
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  3. \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 Don\\u2019t worry about the 1st return\\u2014dedicate yourself to the waterfall.
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  5. \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 Avoid the \\u201cthis is gonna be easy\\u201d pitfall\\u2014nothing worth having is ever easy.
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Episode Notes:\\xa0

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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 00:55 \\u2013 Nathan\\u2019s introduction to today\\u2019s show
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 01:47 \\u2013 Justin and Tara join the show
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 01:57 \\u2013 Why 8 minute millionaire is working so well
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 02:43 \\u2013 The FIRST flip
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 03:15 \\u2013 Whole Selling
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 04:02 \\u2013 The struggle of 2011\\u2014being broke\\u2026all the money of the past had gone to debt
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 05:40 \\u2013 60 houses in 2011, and 100+ houses ever since
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 06:05 \\u2013 Net profit in 2014 was roughly $1M
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 08:14 \\u2013 Where do you invest your money?
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 09:04 \\u2013 Fix and flip is the backbone of the business today
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 09:25 \\u2013 Automate the business and crush passive income
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 10:00 \\u2013 Don\\u2019t focus on the 1st return, focus on the waterfall
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 12:15 \\u2013 The plan is to have the online education surpass real estate revenues
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 14:16 \\u2013 Don\\u2019t fall into the pitfalls of \\u201cthis will be easy\\u201d
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 14:50 \\u2013 Managing the coaching lifestyle
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 18:55 \\u2013 Famous Five
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Resources Mentioned:

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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 Growth Geeks \\u2013 The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 8 minute millionaire \\u2013 A program about developing the MINDSET of a millionaire
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 House Flipping HQ \\u2013 Learn how to flip houses for free with house flipper Justin Williams
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 Outwitting the Devil\\u2014A great business book from Napoleon Hill
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Famous 5

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  • \\xa0 \\xa0 \\xa0 \\xa0 \\xa0Favorite Book?\\u2014Outwitting the Devil
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 What CEO do you follow?\\u2014Nathan Latka
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 What is your favorite online tool?\\u2014Google Calendar
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 Do you get 8 hours of sleep?\\u2014Yes
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  • \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 If you could let your 20 year old self know one thing, what would it be?\\u2014Life is going to be OK.
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Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop

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The Top is FOR YOU if you are:

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A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)

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STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)

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An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)

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The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).

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Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.

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Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that\'s like an audio version of Pat Flynn\'s monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop

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