Jan 18, 2021
Today I had the pleasure of
speaking with a Pro Athlete Turned Real Estate Investor, Barri
Griffiths. He is the host of the WWRE Podcast and the youtube
channel Wrestling With Real Estate, where he interviews people from
all aspects of the industry. His goal is to help educate as many
people about the amazing benefits of real estate.
Let’s jump right into this
episode and learn more about asset insurance and risk
management.
[00:01 - 07:00] Opening Segment
- Let’s
bring Barri Griffiths to the show.
- Barri
talks about his family and his background.
-
- He
grew up in the UK.
- He
worked for his father in the construction and funeral home
business.
- Start
bodybuilding and professional wrestling.
- Joined WWE.
- He
was offered a role in Cirque Du Soleil.
- Barri
shares how he discovered the real estate world.
-
- Real
estate was a great plan B and something that allows him to create a
lifestyle for himself.
[07:01 - 15:59] Wrestling with Real Estate
- Barri
shares his very first journey in real estate.
- He
just bought his dream house when his career in wrestling just
ended.
-
- .He
turned the house into a rental property so he could keep
it.
- He
talks about the entrepreneurial mindset he got from working with
the construction company of his family.
- Barri
talks about his passive investing journey.
-
- He
shares how he started a passive investment.
- He
started researching and listening to several podcasts about
investment.
- He
decided to hire a coach in real estate.
- Barri
shares the story of when he became the general partner in the deal
with his coach.
-
- Learning about all of the reporting systems,
how do they handle things, etc.
- The
most important thing is your decision with your time and what you
are trying to achieve.
[16:00 - 22:27] From Single-family to
Multi-family
- Barri
talks about his first investment in single-family
-
- He
shares how he became an accidental landlord.
- It
was making negative cash-flow and breaking even.
- .He
shares about the real investment property that he bought for
rentals.
-
- A
foreclosure townhouse in LA.
- He
put about 10k into it.
- In
Vegas, things are slightly different; you do not need to meet the
1% rule for cash flow.
-
- There
is no state-tax, and you can avoid a lot of other
expenses.
- Cash
flowing around 150 a month in the property.
- Barri
talks about the proof of concept of the money he makes every month
from the first investment that got him hooked with passive
investing.
- He
shares about his big learning lesson from a mistake he made on one
property.
- If
you really want to be in real estate investing, you have got to
realize that there will be some challenging times, and it is better
to have these challenges and own rental real
estate.
Tweetable Quotes:
“Real estate was a great plan B
and something that allows him to create a lifestyle for
himself.”- Barri Griffiths
“The most important thing is
your decision with your time and what you are trying to
achieve.
”- Barri Griffiths
“If you really want to be in
real estate investing, you have got to realize that there will be
some challenging times, and it is better to have these challenges
and own rental real estate.”- Barri Griffiths
You can connect with Barri
on Instagram and Facebook. You can also check his website at
www.wrestlingwithrealestate.com,
listen to his
The WWRE Podcast
and his Youtube Channel
Wrestling with Real Estate.
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https://www.theacademypresents.com/jointhesummit36848306.
Connect with Lorren Capital,
LLC. for syndicated multifamily investments, https://lorrencapital.com/.
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