The Paul Morris Podcast

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.

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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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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.

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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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Welcome back to Radical Wealth Plan, brought to you by Entrepreneur Media. In today’s episode, I sit down with Remoun Said, a real estate investor and agent who has mastered the ability to create value in real estate. From transforming single-family homes into multi-unit cash-flowing properties to leveraging California’s ADU laws, his approach is both strategic and highly effective.

What makes Remoun’s story so compelling is that he didn’t come from wealth—he built his success through determination, smart decision-making, and a relentless work ethic. Having immigrated to the U.S. as a child, he saw firsthand the sacrifices his father made for a better future, and that experience shaped the way he approaches business and investing today. Now, he’s built a portfolio by focusing on value-add opportunities, staying local, and using zoning regulations to his advantage.

We go into detail on some of the biggest challenges and opportunities in real estate investing. Remoun shares how his first deal went horribly wrong, leading to foreclosure, and what he learned from that experience that allowed him to come back stronger. He explains his Buy Box strategy and why having clear investment criteria helps avoid costly mistakes. We also take a close look at how he turns small properties into highly profitable rental units through ADUs and zoning adjustments. If you’ve ever wondered how to legally and efficiently maximize the potential of a property, this part of the conversation will be invaluable.

One of the most important topics we cover is why Remoun prefers long-term wealth-building over house flipping. He breaks down why flipping can feel like two steps forward and one step back, and how owning income-generating properties provides much greater financial stability. We also discuss the realities of rent control, how it affects property values, and what investors can do to work within those regulations while still making smart investment decisions. Throughout our discussion, he emphasizes the importance of treating real estate as a business, building strong relationships with local experts, and making informed decisions based on long-term potential rather than short-term gains.

Toward the end of the episode, we shift gears with a rapid-fire Q&A where Remoun shares his biggest regrets, his goals for the future, and even what would make his Sundays perfect. It’s a great way to round out a conversation that is full of practical insights, real-world examples, and expert strategies.

If you’re looking to invest in real estate but aren’t sure where to begin, or if you’re an experienced investor looking for new ways to improve your approach, this episode offers valuable guidance. Make sure to subscribe, leave a review, and check out the show notes for ways to connect with Remoun.

Timestamps

00:00:00 Introduction

00:01:09 Remoun’s Background & Immigrant Journey

00:03:34 First Steps into Entrepreneurship

00:04:47 Advice for First-Time Real Estate Investors

00:05:58 A Costly First Investment Mistake

00:08:35 Turning a Setback into a Comeback

00:12:49 Understanding Property Inspections & Due Diligence

00:15:11 The Importance of a Buy Box

00:20:46 Adding Value with ADUs (Accessory Dwelling Units)

00:26:07 Zoning & Development Strategy

00:34:25 The Process of Converting a Single-Family Home to Four Units

00:40:05 Why Smaller Rental Units Are More Profitable

00:45:43 Exit Strategy & Valuation for Rental Properties

00:52:16 The Importance of Working with Local Experts

00:57:45 Navigating Bureaucracy & City Regulations

01:08:09 Why Remoun Prefers to Invest Alone

01:19:31 Property Management & Avoiding Tenant Issues

01:33:56 The Pros and Cons of Rent Control Properties

01:38:54 The Role of Real Estate in Wealth Creation

01:44:30 Why Flipping Houses Isn’t the Best Strategy

01:52:24 Lightning Round

01:54:42 Closing Thoughts & How to Connect with Remoun

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In this episode of Radical Wealth Plan, I’m sitting down with my good friend and longtime business partner, David Bailey. We’ve known each other for over 20 years, and in that time, I’ve watched David build an incredible real estate portfolio from the ground up.

David’s journey is a fascinating one—he started in the corporate world, working alongside some of the biggest names in real estate, including his legendary mentor, Sam Freshman. But instead of staying in the comfort of a high-paying job, he made the bold move to strike out on his own. In this episode, we talk about what it really takes to leave a steady paycheck and start building wealth through real estate.

We get into the lessons he learned from his family, the first properties he bought, and the tough decisions he had to make during market downturns. David also shares some of the biggest mistakes he made—like being too conservative—and what he would do differently if he could go back. And if you’re looking to get into real estate investing yourself, you’ll love hearing his strategies for finding the best deals, negotiating smart, and playing the long game.

This conversation is packed with wisdom, personal stories, and real, actionable insights from someone who’s been in the trenches for decades. Whether you’re a seasoned investor or just getting started, you won’t want to miss this one!

Timestamps

00:00:00 Introduction

00:03:30 Early Influences & Family Lessons in Business

00:06:50 Finding the Right Mentor & Early Career in Real Estate

00:12:00 Transitioning from Corporate to Independent Real Estate Investing

00:17:30 The First Big Real Estate Deal

00:23:00 Surviving Economic Downturns & Learning from Market Cycles

00:28:00 Key Investment Strategies & Mistakes

00:35:00 How to Find and Acquire Profitable Real Estate Deals

00:42:30 Real Estate vs. Other Investments

00:49:00 The Future of Los Angeles Real Estate & Market Trends

00:55:00 Mindset, Success, and Wealth-Building Lessons

01:17:00 Lightning Round

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Welcome back to Radical Wealth Plan, hosted by Paul Mark Morris and brought to you by Entrepreneur Media. In today’s episode, I sit down with Kimberly Stepp, one of the most respected brokers in Los Angeles multifamily real estate. Kimberly shares how she went from acting in Hollywood to dominating one of the toughest, most competitive markets in the country. We dive into why B-class properties are the hidden gems in today’s environment, how pros evaluate deals differently than amateurs, and the strategies investors are using to turn even rent-controlled buildings into long-term wealth. If you want an insider’s perspective on where the real opportunities are right now, you won’t want to miss this conversation.

Connect with Paul:

https://www.instagram.com/paulmarkmorris/

Connect with Kimberly:

https://www.instagram.com/kimberlystepp/

Timestamps:

00:00:00 Welcome to Radical Wealth Plan

00:01:27 Building a Successful Real Estate Career

00:03:09 Institutional vs. Non-Institutional Marketing

00:08:33 Opportunities in the Current Market

00:09:46 Challenges and Strategies in Real Estate

00:22:53 Investing in Prime and B Locations

00:26:11 High Returns in Various States

00:26:39 Three Rules for Real Estate Success

00:27:35 Building Relationships with Realtors

00:28:00 Importance of Management Companies

00:29:02 Evaluating Real Estate Deals

00:36:28 Mom and Pop vs. Pro Investors

00:50:01 Rapid Fire Questions

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Wealth creation can be an elusive, complex, and multi-dimensional process, but the reality is that we can all find and fulfill our own personal vision of wealth while embracing freedom and living a fulfilling and purposeful life.  Welcome to Radical Wealth Plan, where New York Times Best-seller, prolific investor, award-winning entrepreneur, and thought leader, Paul Mark Morris distills the best strategies for building wealth through real estate and speaks with the brightest minds in the business and beyond to empower you to choose and create what you've always imagined–but may have seemed to be just out of reach. So whether you’re new to the game, an investment professional, or a real estate titan, join Paul Mark Morris to be entertained, educated, and inspired.  This is Radical Wealth Plan, presented by Entrepreneur.

You can learn more about Paul on his website and you can follow him on Facebook, Instagram, Twitter, and LinkedIn

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Welcome back to Radical Wealth Plan, hosted by Paul Mark Morris and brought to you by Entrepreneur Media. In this episode, I sit down again with David Bailey, a seasoned investor who has built his portfolio through one core philosophy: never sell. David shares why the buy-and-hold strategy consistently outperforms quick flips, how cash flow creates stability no matter what the market does, and the lessons he’s learned from decades of steady “base hits” instead of chasing home runs. If you’ve ever wondered whether now is the right time to buy, or how to build wealth that lasts for generations, David’s insights will change how you look at real estate forever.

Connect with Paul:

https://www.instagram.com/paulmarkmorris/

Timestamps

00:00:00 Introduction and Welcome

00:01:11 David Bailey's Real Estate Journey

00:02:08 Evaluating Properties and Market Insights

00:06:15 Real Estate Strategies and Lessons

00:09:22 Financial Considerations and Market Trends

00:32:01 Understanding Equity Growth and Cash Flow

00:32:19 The 1% Rule in Real Estate

00:33:23 Real Estate Investment in Different Markets

00:36:36 The Importance of Repairs and Maintenance

00:40:49 Strategies for Acquiring Real Estate

01:04:10 Understanding Basis and Depreciation in Real Estate

01:04:46 Tax Benefits and Loopholes in Real Estate

01:06:55 Challenges and Strategies in Real Estate Underwriting

01:09:30 Rent Control and Property Management Insights

01:19:21 Tips for New Real Estate Investors

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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 good friend Chris Zaferes, a chiropractor who proved you don’t need to be a developer or Wall Street insider to build extraordinary wealth through real estate. Chris shares how a single $7,000 down payment in Venice Beach turned into hundreds of thousands in profit, and the lessons he learned about timing neighborhoods, spotting hidden value, and having the courage to take action when others sit on the sidelines. His story is proof that with the right mindset and strategy, anyone can create life-changing returns through smart real estate investing.

Connect with Paul:

https://www.instagram.com/paulmarkmorris/

Timestamps

00:00:00 Introduction

00:05:29 Early Real Estate Experience

00:10:36 First Property Purchase

00:15:00 Building and Renovation

00:19:47 Design Philosophy

00:24:47 Partnership Discussion

00:29:23 Investment Returns

00:34:36 Neighborhood Timing

00:39:00 Finding Inspiration

00:43:53 Property in Topanga

00:48:58 Renovation Strategies

00:53:35 Design Elements

00:58:30 Joshua Tree Investment

01:02:38 Building Wealth Through Real Estate

01:07:05 Rapid Fire Questions

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