Paul started his search for a property during the Great Recession. He found an area of town with a planned light rail project and waited for the right opportunity

The overheated real estate market made Paul shift away from real estate. He considers himself "asset agnostic" and seeks the best return for his investment dollars

Paul now focuses on "digital real estate" - income-producing websites that can be bought, sold, improved, and valued similarly to physical real estate

A digital real estate operator focuses on content and building the right team to operate the website and handle customer service / fulfillment / etc.

Paul sees the real estate market like horse racing: Wait until you see a horse with odds that are way out of whack then bet on that horse to take potential of the high expected value relative to the current odds

Know your end goal and wait for the asset that will help get you there

For people wanting to get into real estate, find someone who may want to exit the industry, help them and learn from them, and possibly partner with them down the road

Pauls' tips for success:

Sleep enough each day (he targets 8.5 hours). His financial success is really based on 5 key decisions he's made, and sleeping enough helps us make better decisions. Sleep also helps restore will power, which drives good decision making

Read a lot. Paul consumes 1.5 books / week between reading and listening. It helps get more perspective quickly

Lifestyle Design: Paul read Tim Ferriss's book "The Four Hour Workweek" and was fascinated by the concept. Now that he's generally arrived, he focuses on creating a satisfying life through investing time and not money