The Paul Morris Podcast

He left college, sold his first company for $110K, and went on to an eight-figure exit without a single investor. Now he's putting his money into pool services, dry cleaners, and oil well repair, and he has a theory about why.Plus, what happens to the "sexy" businesses when AI changes everything?

Check out Capital Pad: https://capitalpad.com

Connect with Travis: https://www.linkedin.com/in/travisvc/

YouTube: https://www.youtube.com/@paulmorrispodcast

Instagram: https://www.instagram.com/paulmarkmorris/

LinkedIn: https://www.linkedin.com/in/paulmarkmorris/

TikTok: https://www.tiktok.com/@itspaulmarkmorris

Facebook: https://www.facebook.com/paulmarkmorris

Timestamps:

00:00 Welcome and leaving college for the supplement business

01:00 Living the 4-Hour Workweek blueprint abroad

04:00 The first big exit and the "first $100K" debate

05:30 Multiple businesses vs. The One Thing

07:00 How the 4-Hour Workweek got perverted

09:30 Creating $10 of value from a $3 widget

10:30 Why SEO became the secret weapon

12:00 The bootstrapped SaaS exit and the Amazon search algorithm

16:30 Pivoting to lower middle market private equity

18:00 What independent sponsors do

19:30 A look inside Travis's portfolio

21:00 How a deal is structured: debt, seller notes, and the promote

23:00 Capital Pad and how everyday investors get access

26:00 Target returns and the levers that create value

28:00 Roll-ups, multiple arbitrage, and Shore Capital

32:00 How Capital Pad adds value beyond the check

34:00 IRR explained in plain English

36:00 The promote, the carry, and what investors actually keep

38:00 REITs and the case for professional investors

40:00 Track record, check size, and skin in the game

42:30 The lesson on betting on the people behind the deal

45:30 Y Combinator, the "SaaS-calypse," and what AI disrupts

51:00 The laundromat influencer problem

52:00 What survives AI (and the funeral home receptionist)

54:00 The wild valuation of AI startups

57:00 The real estate debate begins

01:00:00 The case for investing with local market experts

01:03:00 Paul's 40% buy box and how he bought his house

01:08:00 The fire round

01:12:00 The mountaintop shout

01:14:00 Wrap-up

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This week on the Paul Morris Podcast, Rock Thomas shares his extraordinary journey from a challenging childhood to becoming a successful entrepreneur and motivational speaker. After trying various careers, he found his true calling in real estate, where he has thrived for over 37 years. Rock emphasizes the importance of understanding the psychology of success and how our past experiences shape our beliefs and actions. He aims to help others reduce personal suffering and achieve wealth, but also stresses that money alone doesn't guarantee happiness. In his upcoming book, 'Who's Holding the Microphone,' Rock explores the six scripts that influence our lives and how to rewrite them for a better future. He encourages listeners to take small steps towards transformation, reminding them that they are not defined by their past. Join Rock and Paul on this journey of self-discovery and empowerment, and learn how to unlock your potential today!

Connect with Paul Morris

YouTube: https://www.youtube.com/@paulmorrispodcast

Instagram: https://www.instagram.com/paulmarkmorris/

LinkedIn: https://www.linkedin.com/in/paulmarkmorris/

TikTok: https://www.tiktok.com/@itspaulmarkmorris

Facebook: https://www.facebook.com/paulmarkmorris

Connect with Rock Thomas

Youtube: https://www.youtube.com/c/RockThomas

Instagram: https://www.instagram.com/rockthomas

Facebook: https://www.facebook.com/RockThomas

TikTok: https://www.tiktok.com/@rockthomas91

Website: https://rockthomas.com/

Timestamps

00:00:00 - Rock Thomas' Origin Story

00:04:54 - Challenging Beliefs and Identity

00:12:37 - Transforming Identity and Habits

00:15:20 - Creating Lasting Change

00:18:07 - Identifying Blind Spots

00:19:21 - Understanding Inner Voices

00:31:41 - Recognizing Patterns and Adapting Behaviors

00:32:25 - Understanding the Impact of Past Trauma

00:39:50 - Personal Growth and Transformation

00:47:18 - Changing Behavior Patterns

00:49:53 - Overcoming Fear of Investments

00:54:37 - Building Resilience and Learning from Past Mistakes

01:00:25 - Impact of Social Comparison and Finding Inspiration

01:04:17 - Fire Round - Rapid Questions

01:07:23 - Closing Remarks and Gratitude
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This week on the Paul Morris Podcast, Paul dives deep into the world of short-term rentals with expert Avery Carl of The Short Term Shop. Avery shares her incredible journey from a newlywed couple with just $10,000 to a powerhouse in the vacation rental industry, managing over 250 doors and helping thousands of clients. She emphasizes the importance of investing in established vacation markets rather than jumping on the latest Airbnb trend. She also discusses the significance of local expertise in real estate and how to effectively manage properties to maximize returns. If you're considering investing in short-term rentals or just curious about the industry, this episode is packed with practical advice and inspiration. Tune in to learn how you can achieve financial freedom through smart real estate investments!

Connect with Paul Morris

YouTube: https://www.youtube.com/@paulmorrispodcast

Instagram: https://www.instagram.com/paulmarkmorris/

LinkedIn: https://www.linkedin.com/in/paulmarkmorris/

TikTok: https://www.tiktok.com/@itspaulmarkmorris

Facebook: https://www.facebook.com/paulmarkmorris

Connect with Avery Carl and The Short Term Shop

https://theshorttermshop.com/

Youtube: https://www.youtube.com/c/TheShortTermShop

Instagram: https://www.instagram.com/theshorttermshop/

https://www.instagram.com/theaverycarl/

Tik Tok: https://www.tiktok.com/@averyacarl

https://www.tiktok.com/@theshorttermshop

Timestamps

00:00:00 - Avery Carl’s Vacation Rental Investment Journey

00:04:57 - Guest Experience and the Value of Thoughtful Amenities

00:06:56 - Combining National Reach With Local Market Expertise

00:10:05 - Self-Managing Vacation Rentals With Virtual Assistants

00:11:32 - Teaching Investors to Manage Their Own Properties

00:12:15 - Management Fees and Their Impact on Investor Returns

00:13:15 - Can Professionally Managed Vacation Rentals Still Be Profitable?

00:14:58 - Evaluating a Joshua Tree Short-Term Rental Strategy

00:15:36 - Scaling Efficiently by Owning Multiple Rentals in One Market

00:19:19 - Dynamic Pricing and Revenue Management

00:23:50 - Choosing Between a Fourplex and a Vacation Rental

00:25:16 - The Short-Term Rental Tax Strategy

00:28:17 - Cost Segregation Studies and Real Estate-Savvy CPAs

00:33:57 - Choosing Markets With Stable Vacation Rental Regulations

00:38:06 - The Vacation Rental Markets Avery Covers

00:39:36 - Fire Round: Happiness, Talents, Travel, and Honesty

00:44:08 - Closing Thoughts and How to Reach Avery
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Ever dreamed of investing in property in France? Leslie Romenesko joins Paul and Josh to break down how she turns long-term rentals in the French countryside into real, steady cash flow, not just a castle fantasy. In this episode, Leslie walks through how she chooses a location, why having trusted local contacts to manage a property is non-negotiable, and where she looks to find value when investing in France or in her hometown of LA.

#investing #france #realestate #podcast #propertymanagement #realestatepodcast

Connect with Paul Morris

YouTube: https://www.youtube.com/@paulmorrispodcast

Instagram: https://www.instagram.com/paulmarkmorris/

LinkedIn: https://www.linkedin.com/in/paulmarkmorris/

TikTok: https://www.tiktok.com/@itspaulmarkmorris

Facebook: https://www.facebook.com/paulmarkmorris

Connect with Josh Spitzen

Instagram: https://www.instagram.com/joshuaspitzen/

forwardone.com

Connect with Leslie Romenesko

Instagram: https://www.instagram.com/leslielahomes/

Timestamps

00:00:00 - Introduction and Investing in France

00:02:35 - French Financing, Cash Flow, and Property Criteria

00:08:25 - Managing a Concentrated Overseas Portfolio

00:09:37 - Local Investing and Restoring Historic Los Angeles Homes

00:11:04 - Personal Investments Versus Investor Partnerships

00:14:37 - Lessons Learned: Partnerships and Keeping Emotion in Check

00:16:12 - Choosing the Right Vision for a Live-In Investment

00:19:12 - Renovating Through a Market Crash

00:20:58 - Finding Opportunity in Middle-of-the-Road Properties

00:22:54 - Using Location and Renovation to Build Wealth

00:27:03 - Playing the Long Game with Intentional Investing
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Right now, there are sellers out there whose mortgage is 3%. And in some cases, a buyer can take over that exact loan. This is a game-changer in today's market where rates are soaring. Imagine saving $1,550 a month on a $700,000 loan just by assuming a lower mortgage rate! In this Ask Me Anything episode of the Paul Morris Podcast, Paul dives deep into how you can navigate the complexities of assumable loans, builder rate deals, and more popular questions from viewers like you. Plus, he’ll share insights on the current state of the market, including the latest job reports and how they impact real estate. Whether you're a seasoned investor or a first-time buyer, understanding these nuances can set you up for success. Tune in for straight answers, no hype, and the knowledge you need to make informed decisions in this ever-changing market.

*Connect with Paul*

YouTube: https://www.youtube.com/@paulmorrispodcast

Instagram: https://www.instagram.com/paulmarkmorris/

TikTok: https://www.tiktok.com/@itspaulmarkmorris

Facebook: https://www.facebook.com/paulmarkmorris

*Presented by Entrepreneur Media & Money News Network*

Entrepreneur Media: https://www.entrepreneur.com/podcasts

Money News Network: https://www.moneynewsnetwork.com

Timestamps

00:00:00 - Today’s Housing Market and What Buyers Can Do

00:03:08 - How Weak Job Growth Could Affect Mortgage Rates

00:07:37 - Taking Over a Seller’s 3% Assumable Mortgage

00:12:28 - The Truth About Builders’ Discounted Mortgage Rates

00:20:43 - Using Home Equity to Buy a Rental

00:24:57 - House Hacking Your Way Into Real Estate

00:29:21 - Finding Homes With Assumable Mortgages

00:30:57 - Closing Thoughts and Investment Disclaimer
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