How to Do Your First Profitable Real Estate Deal

Episode 120 Justin Williams and Tara Williams, 8 Minute Millionaire, Click here to join the top tribe and talk to Nathan live: http://nathanlatka.com/startertribelive 3 Key Points:        Life is about passive income—passive income is where you win.        Don’t worry about the 1st return—dedicate yourself to the waterfall.        Avoid the “this is gonna be easy” pitfall—nothing worth having is ever easy. Episode Notes:           00:55 – Nathan’s introduction to today’s show          01:47 – Justin and Tara join the show          01:57 – Why 8 minute millionaire is working so well          02:43 – The FIRST flip          03:15 – Whole Selling          04:02 – The struggle of 2011—being broke…all the money of the past had gone to debt          05:40 – 60 houses in 2011, and 100+ houses ever since          06:05 – Net profit in 2014 was roughly $1M          08:14 – Where do you invest your money?          09:04 – Fix and flip is the backbone of the business today          09:25 – Automate the business and crush passive income          10:00 – Don’t focus on the 1st return, focus on the waterfall          12:15 – The plan is to have the online education surpass real estate revenues          14:16 – Don’t fall into the pitfalls of “this will be easy”          14:50 – Managing the coaching lifestyle          18:55 – Famous Five Resources Mentioned:          Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects          8 minute millionaire – A program about developing the MINDSET of a millionaire          House Flipping HQ – Learn how to flip houses for free with house flipper Justin Williams          Outwitting the Devil—A great business book from Napoleon Hill Famous 5          Favorite Book?—Outwitting the Devil          What CEO do you follow?—Nathan Latka          What is your favorite online tool?—Google Calendar          Do you get 8 hours of sleep?—Yes          If you could let your 20 year old self know one thing, what would it be?—Life is going to be OK.   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 The Top is FOR YOU if you are: A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4) STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7) 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) The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14). 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.   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