Health Problems.
Hazardous Tenants.
Gaining the True Benefit of Hindsight, and…
Starting an accumulation phase when you’re in your 50s?!?
Yep. Today’s story is one downright amazing tale that has a bit of wisdom for every listener out there!
Tune in as we dive into Tom and Crystal’s inspirational tale, kicking off with a very conservative upbringing with life-changing lessons leading up to some harrowing health complications that changed everything.
And of course, we’re covering ALL the steps in their rapid accumulation stage that led them to 7 properties AND a portfolio of $5.54M (Seriously folks, tune in to find out exactly HOW they did it!!) 😉
Plus, we’re answering the evergreen question that ALL investors have faced…
“When is enough, enough?!”
An enduring episode packed with so many practical bits of investing wisdom. Give it a listen now!
Give it a listen now or watch the Episode below!
Free Stuff Mentioned…
- Listen to our earlier Winter Series Guests by clicking here!
Here’s some of the gold we cover…
- 1:12 – Welcome Tom!
- 1:41 – Life-changing lessons…
- 4:53 – The First House He Bought
- 5:45 – Living the life, treading water & nice cars
- 7:35 – How a heart attack and Parkinsons got Tom thinking long-term
- 11:08 – Why Property?
- 13:26 – It’s a 3-decade game folks!
- 15:14 – The true benefit of hindsight
- 16:02 – It will return in spades…
- 17:27 – Post-heart attack purchases
- 20:47 – Tom’s financial position today (phew!!)
- 23:56 – Diversity in spreading the risk
- 25:37 – How he’s navigated difficult tenants 😮
- 27:01 – Turning the horror investment around…
- 30:16 – Tom’s North Star
- 31:49 – The conversations he was having with his Buyers Agents
- 34:31 – What do your instincts say?
- 41:33 – How much liquidity do you really need?
- 43:26 – “It’s kind of like after asking a power lifter advice on how to prepare for a marathon…”
- 45:31 – Buffers & Buying Time
- 47:09 – A perfect lesson about loans…
- 50:13 – From a Landlords Point of View: Increasing Rents
- 53:00 – THIS is why he decided to share his story…
- 54:46 – A gigantic thank you to Tom!
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