Anyone can build from the ground up. but look at who his parents are and who they KNOW. This guy Paul is being written about via forbes magazine because he is worth 800 million dollars and only been at it a few years. The key is CROWDFUNDING and GROUP INVESTING. He simply went around to everyone he knew and invested in real estate. The book called WHO tells you to write 150 people you know. check your own list. Yes he is a college dropout, but knows a bunch of wealthy (accredited) folks. This guy is 30 years old and worth 800 million. HE DIDN’T get there ALONE, he did CROWDFUNDING of people he knew to get there.
from the article
It’s a particularly impressive trajectory when you consider that real estate is famously a dynastic business and Paul is the son of an OB-GYN. Complicating things further, he is the son of Indian immigrants in overwhelmingly white Austin.
From the beginning, Paul set out to build his portfolio as an operator and an investor. In order to buy, he hit up his obstetrician father’s buddies, charmed high-net-worth individuals, and then landed pension and insurance money. He raised funds in dozens of partnerships to do deals and kept upwards of 50% of the profits. With the $25 million he started raising from the Austin Police Retirement System in 2009, he produced an annual (and now fully realized) internal rate of return of 24.8%, net of fees.
Now if regular joe starts a fund and ask all his friends maybe he could get a enough to buy a house or two houses even. The key is WHO are you asking and do you HAVE RESULTS. People will INVEST with someone who is growing, moving or showing results. The reason many of you get frustrated with MLMs, direct sales or trying to find family members to invest is BECAUSE THEY JUST DON’T TRUST your experience.
How do you show results, going to masterminds, meetups, gathering with like minded people, ACTUALLY INVESTING. I meet people who have attended investment groups for years and HAVE YET to put a dime in. No one is rolling with you, with no skin in the game. That is what many of the startups that are going belly up are experiencing.
Thats a screenshot from all the movements of growth from TODD CAPITAL.
Its important to get into a jetstream, a moving growing investment company. Many folks ask if I am looking for investors or looking to grow my own capital fund. Not this moment. I think its important to focus on where growth is and how you can add to it.
I believe todd capital is a great opportunity for people looking to get to the next level in investing.
Please check out this podcast below. Check my interview with todd capital and re read this article.
I believe the reason so many americans are left on the outside looking in is lack of team work and education. Why toss 800 dollars into a brand new bmw, range rover or jeep cherokee when they money or EVEN $25 dollars could go to building a portofolio you can profit from.
I will recommend other funds in the future, but i like recommending what i personally invest in.
$1000 dollars gets you a “membership share” in the real estate holding side but I will let Charles and his team better clarify that for you.
I stress doubling your income because you will be locked out of many other investing funds when you make less than $250,000 a year. I wrote smartphone millionaire to stress the possibilities of investing for non accredited folks, where you could place your money to grow.
I want you using credit to leverage yourself but at the end of the day we need to grow your income. If many of you make an additional 1k to 2k for the next 3 months you would catch up all a bunch of debt, family emergencies and other small issues.
If you made an additional 1k to 2k for the whole year by half the year you should have some small debts closed out. Sometimes folks allow lifestyle creep to happen. As they make more money they spend more money. People go on and on about budgets. Yes everyone needs a budget but if you are making $2000 dollars a month, YOU JUST NEED MORE MONEY. ‘
I really want you to invest in Tax LIENS, but an additional step in that process is group investing. Group investing allows you to get in the JETSTREAM. People fly and grow faster together if they have a mission.
Interview with Charles