BP Podcast 274: 3 Rules Paul Morris Uses to Never Lose Money

[Mindy Jensen]

What rules govern your real estate investing strategy? For most, it’s a tough question to answer. But not for today’s guest, Paul Morris. Paul, co-author of the bestselling , has been investing in real estate for more than twenty years and has never lost money, all because he abides by three simple rules. Today, Paul also discusses the power of mindset in building wealth, the key to investing in emerging markets, and much more. This episode will surely inspire, motivate, and educate you to continue your journey toward financial freedom.

[JD Martin]

My takeaway from this: buying what & where you know. I don't own a tenth of the units he owns (although I own just about all of mine completely, f&c), but I truly feel the reason I've done well is by sticking to his 3 rules, which I've never really thought of as rules as much as it's just what I've done - buy where I know, be sure it cash flows, buy value add. That describes pretty much all of my properties.