How to Start Investing in Real Estate (Even with $0)
Welcome back to Radical Wealth Plan, hosted by Paul Mark Morris and brought to you by Entrepreneur Media. In this episode, I sit down with my friend and fellow real estate pro, Gary Gold — the man who sold the Playboy Mansion, to dig into what it really takes to start investing in real estate, even if you’re starting with zero dollars. We talk about how to find “ugly duckling” properties that others overlook, structure your first partnership, and analyze deals the smart way. Whether you’re an agent ready to make your first investment or a beginner looking to build wealth through real estate, this conversation breaks down the fundamentals that actually work.
Connect with Paul:https://www.instagram.com/paulmarkmorris/Connect with Gary:https://www.instagram.com/soldbygold/
Timestamps:
00:00:00 Intro
00:02:03 Starting with No Money: My First Big Investment
00:03:54 Understanding Syndication and Partner Contributions
00:09:02 Analyzing the First Deal: The Ugly Duckling Approach
00:11:21 The Importance of Value Add Deals
00:13:20 Finding Opportunities in Unique Properties
00:20:19 Identifying Good Deals with Experienced Realtors
00:22:35 Finding the Right Neighborhood
00:23:47 Emerging Neighborhoods and Investment Strategies
00:24:08 Local Knowledge and Real Estate Investment
00:25:18 Analyzing Deals and Avoiding Retail Buys
00:36:16 Case Study: Long Beach Investment
00:43:19 Final Thoughts and Conclusion
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House Hacking a Fourplex with $0 Down
Welcome back to Radical Wealth Plan, hosted by Paul Mark Morris and brought to you by Entrepreneur Media. In this episode, I sit down with Christian Johnston, a Marine Corps veteran and entrepreneur who turned his discipline and data-driven mindset into real estate success. Christian shares how he went from underwriting hundreds of deals to house hacking a fourplex with zero money down, and how that first investment grew into serious monthly cash flow. We also dive into short-term rentals, using tech and data to find hidden opportunities, and the mindset shift that separates first-time buyers from seasoned investors. If you’ve ever wondered how to break into real estate the smart way, this conversation is packed with insights you can put to work right away.
Timestamps
00:00:00 Introduction and Welcome
00:00:22 Christian's Early Life and Naval Academy Experience
00:03:02 Transition to the Marine Corps and Cyber Operations
00:08:36 Powerlifting and Entrepreneurship
00:09:32 First Steps into Real Estate
00:29:27 The Quadplex Purchase and Airbnb Ventures
00:31:53 Developing Properties and Utilizing Zoning Laws
00:35:20 Scaling Up and Partnering with Friends
00:36:37 Navigating Market Shifts and Property Investments
00:38:02 Regulations and Their Impact on Short-Term Rentals
00:41:13 Finding the Right Market for Airbnb Investments
00:42:25 Tools and Strategies for Airbnb Success
00:43:53 Understanding Demand and Supply in Real Estate
00:52:18 The Importance of Professional Management
01:10:31 Quick Fire Round: Personal Insights
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1:16:50
How She Turned a Foreclosure Into a Cash-Flowing Vacation Rental
Welcome back to Radical Wealth Plan, hosted by Paul Mark Morris and brought to you by Entrepreneur Media. Today I’m joined by Lizbeth Scordo, a journalist turned real estate agent and investor who has built a thriving portfolio in Palm Springs. We dive into her journey from buying a short sale during the Great Recession to transforming a mid-century fixer into a high-demand vacation rental. Lizbeth shares the lessons she learned from her early break-even deal, why passion for a place can be a real advantage, and how she turned risk into reward by knowing her market inside and out. This conversation is packed with insights for anyone looking to de-risk their investments and create real cash flow through real estate.
Connect with Paul:
https://www.instagram.com/paulmarkmorris/
Connect with Lizbeth:
https://www.instagram.com/modlizbeth/
Timestamps
00:00:00 Introduction and Guest Background
00:00:53 First Investment in Palm Springs
00:03:42 The 2008 Real Estate Market Crash
00:05:34 Navigating a Down Market
00:09:42 Identifying Market Indicators
00:19:55 Transition to a New Property
00:23:10 Challenges and Learnings
00:39:36 Home Renovation Insights
00:40:38 Creating a Unique Vacation Rental Experience
00:43:22 Airbnb Bookings and Guest Management
00:46:41 Exploring Real Estate Investments
00:47:32 Managing Rentals in Different Locations
00:50:57 Downtown LA and the Arts District
00:54:58 Vacation Rental Market Trends
01:10:13 Magic Tricks and Personal Reflections
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1:18:09
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1:18:09
How She Turned a Foreclosure Into a Cash-Flowing Vacation Rental
Welcome back to Radical Wealth Plan, hosted by Paul Mark Morris and brought to you by Entrepreneur Media. Today I’m joined by Lizbeth Scordo, a journalist turned real estate agent and investor who has built a thriving portfolio in Palm Springs. We dive into her journey from buying a short sale during the Great Recession to transforming a mid-century fixer into a high-demand vacation rental. Lizbeth shares the lessons she learned from her early break-even deal, why passion for a place can be a real advantage, and how she turned risk into reward by knowing her market inside and out. This conversation is packed with insights for anyone looking to de-risk their investments and create real cash flow through real estate.
Connect with Paul:
https://www.instagram.com/paulmarkmorris/
Connect with Lizbeth:
https://www.instagram.com/modlizbeth/
Timestamps
00:00:00 Introduction and Guest Background
00:00:53 First Investment in Palm Springs
00:03:42 The 2008 Real Estate Market Crash
00:05:34 Navigating a Down Market
00:09:42 Identifying Market Indicators
00:19:55 Transition to a New Property
00:23:10 Challenges and Learnings
00:28:21 Final Thoughts and Advice
00:39:36 Home Renovation Insights
00:40:38 Creating a Unique Vacation Rental Experience
00:43:22 Airbnb Bookings and Guest Management
00:46:41 Exploring Real Estate Investments
00:47:32 Managing Rentals in Different Locations
00:50:57 Downtown LA and the Arts District
00:54:58 Vacation Rental Market Trends
01:10:13 Magic Tricks and Personal Reflections
Learn more about your ad choices. Visit megaphone.fm/adchoices
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1:16:39
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1:16:39
How Buying a Failing Business Turned Into a Short-Term Rental Empire
Welcome back to Radical Wealth Plan, hosted by Paul Mark Morris and brought to you by Entrepreneur Media. Today, we're talking about an exciting and potentially lucrative area of real estate—short-term rentals. I had the pleasure of sitting down with Josh Rudin and Patryck Swietek, two impressive young investors who have built a thriving business in the short-term rental space. They didn’t just dip their toes in—they went all in, from buying and managing properties to scaling up by acquiring an entire property management company.
Josh started flipping houses at just 19 years old, learning the ropes of real estate investment firsthand. Patryck, on the other hand, comes from a high-tech entrepreneurial background and brought his business expertise into the world of short-term rentals. Together, they’ve built a rapidly growing business, managing dozens of properties and helping others succeed in this space.
In this episode, we cover what it really takes to be successful in short-term rentals, from choosing the right market and property type to standing out in an increasingly competitive field. They share the hard lessons they learned from buying a business, the strategies they use to maximize profitability, and why regulations are actually a good thing when choosing where to invest. Whether you’re looking to get started with your first rental or scale an existing portfolio, there’s a lot to take away from this conversation.
If you’ve ever considered short-term rentals as a path to wealth, or if you just want to hear a great story about two entrepreneurs taking big risks and making them pay off, you won’t want to miss this one.
Timestamps
00:00:00 Introduction
00:01:18 Josh & Patryck
00:02:02 Patryck’s Journey – From Deli Worker to Real Estate Investor
00:05:15 Early Investments and Learning from a Mentor
00:08:02 Leveraging Credit and Buying During Market Lows
00:10:33 Josh’s Background – From Flipping Houses to Short-Term Rentals
00:11:36 Patryck’s Tech Background and Entrepreneurial Journey
00:16:20 Short-Term Rental Market & Airbnb Arbitrage
00:20:35 Forming a Partnership
00:23:22 Acquiring a Property Management Company
00:26:00 Lessons Learned from the Acquisition
00:30:38 Transitioning from Operators to Business Owners
00:35:34 Strategies for Short-Term Rental Success
00:41:09 Understanding Local Regulations and Investment Safety
00:46:40 Properties That Perform Well
00:50:49 Future Plans & Final Takeaways for Aspiring Investors
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Wealth creation can be an elusive, complex, and multi-dimensional process. Radical Wealth Plan, hosted by Paul Morris, makes building wealth in real estate accessible to everyone, of all walks of life, shattering perceived barriers and ceilings. He adamantly believes “we can show everyone how to do it,” though he concedes, not everyone will. How do we find and fulfill our own personal vision of wealth while embracing freedom and living a fulfilling and purposeful life? In Radical Wealth Plan, New York Times Best-seller, prolific investor, award-winning entrepreneur, and thought leader, Paul Morris distills the best strategies for building wealth through real estate. In subsequent episodes, Paul interviews the brightest minds in real estate and beyond to empower you to choose and create what you've always imagined–but may have seemed to be just out of your reach. So whether you’re new to the game, an investment professional, or a real estate titan, join us to be entertained, educated, and inspired. This is Radical Wealth Plan presented by Entrepreneur.
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