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"I was Homeless and Now I am a Real Estate Millionaire" - Ray Glymph

"I was Homeless and Now I am a Real Estate Millionaire" - Ray Glymph

Released Friday, 21st June 2024
Good episode? Give it some love!
"I was Homeless and Now I am a Real Estate Millionaire" - Ray Glymph

"I was Homeless and Now I am a Real Estate Millionaire" - Ray Glymph

"I was Homeless and Now I am a Real Estate Millionaire" - Ray Glymph

"I was Homeless and Now I am a Real Estate Millionaire" - Ray Glymph

Friday, 21st June 2024
Good episode? Give it some love!
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Join us in this inspiring episode as Ray Glymph shares his incredible journey from facing homelessness to owning 140 doors in real estate. We dive deep into Ray' strategies, setbacks, and successes along his path to becoming a real estate mogul.

Timestamps 
00:00 Introduction and initial question about becoming homeless.
01:14 Continuation of the discussion on the backstory of becoming homeless, impact of 9/11.
02:28 Discussion on escaping homelessness, first jobs, and the start in real estate.
04:15 Conversation on financial strategies and pitfalls in real estate investment.
06:38 Strategy for maintaining a W-2 job and investing in real estate.
08:46 The challenges of running restaurant and bar businesses alongside real estate.
10:35 Overview of managing 140 doors and real estate strategies without partners.
10:51 Opinions on joint ventures and syndication deals in real estate investing.
13:13 Discussing the secrecy of a new deal and strategies in real estate capital raising.
15:37 The considerations and challenges of managing a large-scale real estate deal.
17:51 Recounting a previous real estate deal and the strategy behind it.
19:50 Benefits of triple net leases in commercial real estate.
20:11 Discussion on the analytical approach to real estate deals.
22:36 Specifics of managing a mixed-use property and tenant relations in West Virginia.
24:59 Financial outcomes of the discussed real estate deal and cash-on-cash returns.
27:25 Advice on managing properties with negative cash flow.
29:16 Reflections on real estate investment strategies and the importance of managing debt wisely.
31:41 Further advice on real estate investment and managing challenging properties.
34:05 Discussion on Airbnb and short-term rental challenges.
36:08 The operational and financial realities of managing Airbnb properties.
37:08 Concluding thoughts on real estate investment and the importance of good deals.
39:32 Strategies for balancing growth and stability in real estate investing.
41:48 Discussion on navigating the current economic climate in real estate.
43:33 Closing remarks and where to find more information.

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