Feb. 19, 2018
On this episode of the Millionaire Podcast we speak with Mr. Jimmy Williams, real estate investor, big data analyst and successful business person. Jimmy owns 8 rental properties but strategically makes MORE money owning less rentals than when he owned exponentially more. Key points from the show: Get the capital and then you get into the politics. Get your foot in the door in the industry you want to be in Get around what you want to become If you are aiming for wealth but you LOOK like wealth its going to be hard to attain wealth Instead of showing it, have it and get back to work Studying data lets me see trends years before other people see them Space will always have value because we all have to live somewhere Real estate used to be used as a tool of oppression now it is a tool of empowerment You can become your own bank through real estate Everyone pays a mortgage but some people aren't paying their own mortgage Be strategic don't just buy a bunch of property Maintain cash reserves I don't have to jump on everything, there is nothing wrong with holding cash I get a list of properties that are coming up for sale and Ill call them before it goes to auction Real estate isn't life, investing is life I have never taken any of the rent for living, I invest everything back into the business "going to the bank for a refi is different than going to the bank for a purchase" Book mentioned: Powernomics Cashflow Quadrant Jimmy can be found here: https://linktr.ee/jwtheblueprint ownyourtimeandspace.com
