038: Real Estate Investing and Surviving the Crash with Erle Thompson

Erle Thompson's story of getting into real estate investing, how he survived the crash and why he went from flipping to focusing on cash flow. Highlights:

• Everything started with first house he bought and rented to friends
• Why Erle changed his mindset from a net worth “flip” mentality to a cash flow mentality
• Just committed to things, jumped in with both feet and then figured out how to do them
• Going from “millionaire” to nothing and then bouncing back
• How and why Erle avoided bankruptcy to pay back his friends and family after the crash
• Why Erle moved from Single Family to Multi-family properties
• Erle’s new rules for buying real estate investments
• Why Erle and his wife are opening a Montessori school in his town
• The importance of and desire to be around other like-minded people who can support you
• If you want to grow, find someone better or further along than you and go hang around with them
• Advice for getting into real estate investing
• Importance of taking action however you can

Links:

• Erle's Facebook Page
• Email Erle: erle@ektfamily.com
• www.Entrepreneurhotseat.com
• Andy Storch Coaching

If you are interested in coaching or have feedback or questions on the podcast, feel free to send me an email: andy@andystorch.com