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What you’ll learn in just 17 minutes from today’s episode:
- Find out what Real Numberz is all about and how it helps organize your investments
- Find out how to test run real estate without having so much risk and earn a decent potential of return
- Learn why you have to trust your partners but still verify
Dr. Paul White is a former orthodontist and best-selling author turned real estate investor. With his son Trey managing his own investments, Dr. Paul created Real Numberz, the only comprehensive app in the real estate industry for investors with diverse portfolios of assets.
Dr. Paul believes the key to achieving financial freedom has as much to do with optimizing your existing investments as it does to acquire more of them. The mission of Real Numberz is to revolutionize the passive real estate investor experience, empower individual investors to control their investments rather than letting their investments control them, and give any real estate investor, no matter their level of experience, the tools they need to achieve their freedom with less time, effort, and anxiety.
In this episode, Dr. Paul shares what made him shift from dentistry to real estate. You will find out how he developed a business software that helps organize all your investments even when he, himself is not a programming whiz. Learn about his multiple real estate investment strategies that made him successful all these years.
00:43 – What’s the shift all about from being a dentist to becoming real estate investor
01:09 – How long has he been with being a dentist before finally jumping into real estate
02:48 – What investment strategy he invested in the beginning
03:31 – What multiple real estate strategies is he into now
04:16 – What is Real Numberz all about
07:00 – The advantage and disadvantage of doing real estate actively versus passively
08:36 – Trusting but at the same time verifying
09:46 – How to test the waters in real estate without having too much risk
11:08 – How was he able to do everything in Real Numberz even if he’s not a programming guy
“The realization, I guess Warren Buffett said it best, he said, ’If you don’t make money while you sleep, you’ll work till you die.’ And that was sort of a wake-up call for me, and that started my journey to alternative investments.” – Paul White
“I think what Reagan said a long time ago, ‘Trust but verify,’ is sort of the mantra that I would sing to all of them.” – Paul White
“Most investors make the mistake of just handing people money and never going to the site or never having to pay somebody to drive by to see if it’s there. Or anything else about the operator, and talking to other investors that have worked with them. Maybe you have done a background check on those people. There’s a lot that needs to be done because it’s a lot of money that you’re usually putting out there.” – Paul White
“I think the best thing you can do is a partnership, either with a seasoned investor or a seasoned operator, maybe rehabbing and renting a house together, so everything sort of split it, you can even do the same thing with some private lending as well.” – Paul White
“You know what, I’ve done a lot of syndications over the years and I will tell you, the operators that don’t have any money in the game makes me nervous.” – Paul White
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