For Eric, avid podcast listeners must look into the guests they listen to more than just listening to what they have to share. For one, Eric believes that he is a plain and simple example of how anybody can do what he did as an investor. Just like his listeners, Eric embraces his regularity. And just like any regular dude, if it was possible for him, it is possible for you too. In this episode of Wealth Science Podcast, Eric Upchurch shares his story of becoming an accidental landlord, the importance of commitment and coachability to success, what they aim to achieve in ADPI as its co-founder, and so much more.
Take away a standard for communication in this episode of Wealth Science with guest Eric Upchurch!
Eric on being an over communicator
When you're in a business where you regularly check with lawyers, talk to SCC attorneys, and talk to lenders all the way up to closing, communication is a massive part of success. And that communication should be embedded in all teams. For Eric, that is non-negotiable. As a leader of teams, communication is a must for all of his members in every part of the transaction.
For a team to be a successful mechanic to any business, Eric believes that everyone must learn to constantly push in information. He, or any leader, shouldn't have to continually pull out data from key team members and updates regarding integral processes. "Hey, I just completed this task" is significantly different from having to be asked, "Hey, did you finish that task?"
What does Eric Upchurch use to address veteran homelessness? Find out in this episode of Wealth Science!
About Eric Upchurch:
Eric Upchurch is an Army Special Operations veteran who grew up in Central Iowa, where he learned at an early age that if you want something, you need to work for it. Following an opportunity, he relocated to California with a friend immediately after high school, attended culinary school, junior college, and ultimately transferred to UC Santa Barbara, where he met his wife.
After graduating, Eric joined the Army, where he served for six years in Savannah, GA. While managing a squad of 27 Soldiers, Eric completed a Masters's degree in Aeronautical Science in 2010.
As part of the Active Duty Passive Income team, Eric has a passion for educating the military community on how to create long-term wealth through real estate investing while personally investing across the country for the last fourteen years.
Eric has been involved in Self-Directed IRA investing, private lending, first trust deeds, tax liens, mobile home parks, multifamily syndications, live-in flips, single-family flips, storage units, turnkey buy-and-hold properties and is now invested in over 1100 apartment units as both a General and Limited Partner.
Eric's life purpose is to educate, empower and help people grow. He is excited at each opportunity to help both active duty and veterans learn how to start investing in real estate and starting the journey towards financial freedom and has pledged to help end Veteran homelessness this decade. In 2020, his team began donating homes to Veterans Community Project.
Outline of the Episode:
[02:19] Podcasts guests aren't any different from listeners
[04:36] Eric Upchurch – on choosing to get enlisted and the doors it opened
[09:28] I became an accidental landlord like most military members
[12:14] First, are you coachable?
[16:34] There are backup plans but don't rely everything on them
[21:17] The most challenging part of progress is zero to one
[26:33] Eric Upchurch – I'm an over communicator
[31:41] The similarity among the industry's top real estate investors
[34:37] ADPI is an educational company
[37:43] Our education system was designed to pump out good W-2 employees
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