On today’s episode of the BiggerPockets Podcast, we sit down and dig into the life of a professional BMX bike rider Terry Adams. Outside of his many accomplishments in the stunt bike world (X-Games gold medal, appearance on Glee and Ellen, and more), Terry is also an accomplished real estate investor with some incredible strategies for building wealth. In the interview, we cover everything from investing with no money, to dealing with personal finance concerns, to mindsets, and more. This show is about to rock your world, so grab a pencil and some paper and let’s get started!
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Sponsor
We just wanted to give a shout out to our podcast sponsor on today’s show: Residential Investor One. Residential Investor One is a powerful cooperative of residential real estate investors dedicated to enhancing the efficiency and productivity of their members.
Learn more by calling 855-257-2201 or visiting residentialinvestorone.com/biggerpockets
In This Episode We Cover:
Who Terry Adams is and what his profession entails
How he got started in real estate
The details of his first property
His trailer property
How he finds great real estate deals
What you should know about finding a mentor
The ins and outs of the "BRRR" strategy
What exactly line of credit investing is
Tips for dealing with banks
How your mindset affects how you invest in real estate
The details of Terry Adams's portfolio
The secret to building wealth with the help of mentors
The importance of knowing your net worth
And SO much more!
Links from the Show
Terry Adams on The Ellen Show (video)
BiggerPockets Meet
BiggerPockets Forums
BiggerPockets Podcast
Books Mentioned in this Show
Secrets of the Millionaire Mind by T. Harv Eker
The Richest Man in Babylon by George S. Clason
Tweetable Topics:
“There’s always a way to make it happen.” (Tweet This!)
"The more I manage my money, the more money I have to manage." (Tweet This!)
"You take your other liquid asset and you invest it, because that’s how you build wealth." (Tweet This!)
Connect with Terry
Terry's Instagram
Terry's Twitter
Snapchat: terryadamsbmx
Facebook Fan Page
Terry's Website
View the full article: BP Podcast 134: Creative Finance and Gaining a Millionaire Mindset with Pro BMX Rider Terry Adams on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.