How to Actually Build Wealth With Real Estate (with Ron Phillips of Lineage)

Friends,   I'm excited to say that we had another guest on for episode 20 of The Phoenician League podcast. Ron Phillips, founder of Lineage (formerly RP Capital), joined us to talk about building real wealth through rental real estate.   Of course, Ron didn't set out to build a real estate empire. He was a fired sales director with no money left when he stumbled into his first deal — negotiating a "no money down" purchase by fixing a stained ceiling instead of paying cash. Then he flipped the house for a $20,000 profit and decided to make a business of it.   A few years later, a 2004 HUD rule change wiped out his entire business model overnight and forced him into the rental market by accident. That's the model he's spent the last two decades building out — and it's now helped clients acquire more than a billion dollars in investment property.     Through it all, Ron’s seen just about everything you can possibly see in the real estate world. We get into why the team around a property matters more than the property itself, and then we drill into the mechanics around investment returns.   We also talk about why national real estate headlines are close to meaningless (real estate is a local business), why the 2008 crash was less a failure of the asset class than a government-forced liquidation event, and how to think about an underperforming property — when to fix it and when to just take the loss and move on.   If you’re interested in real estate investing, this is an absolute gem. You can catch the full episode at: https://phoenicianleague.com/podcast-episode-20-how-to-actually-build-wealth-with-rental-property-ron-phillips-of-lineage/   And if you would like to learn more about the Lineage process and network, you can get more information at the following links:   Web Site: https://hubs.li/Q04vLjzh0 Lunch & Learn: https://hubs.li/Q04vLjQp0 Properties: https://hubs.li/Q04vLjTl0   Have a great week!   -Joe Withrow

 

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