On day 4 of my “$40k in 40 days” challenge, I called the wrong number. That led to a 3-hour conversation and a wonderful business relationship with Jerry Tidwell. He was a salesman for corporate products who got into real estate 40 years ago, and he gave me 3 of his properties on a massive discount.
Jerry and his wife, Lynn, join me on the show to talk about their real estate journey, giving a breakdown of his first 3 rental properties. They also look back on that fateful day we met, stressing the importance of building and nurturing relationships.
This episode is a tribute to Jerry who passed away shortly after we recorded the interview.
Key Takeaways
- People with money will trade convenience for price—you just have to find them
- Why Jerry prefers rentals to mortgages
- On working together with Lynn as a team
- The challenges of evicting tenants especially during the pandemic
- The point of building wealth is to use it to help others
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