#062 - The Properties That Make You Rich While You Sleep 😴💰

In this episode of Founders Playbook, host Nelson welcomes Steve Palise, the founder and owner of Palise Property, who has successfully completed over 2000 property acquisitions, including numerous commercial properties. Steve shares invaluable insights on building a significant portfolio, emphasizing the importance of having an income that supports long-term wealth creation. He discusses the three key ways to grow a property portfolio: capital growth, income to service debt, and cash flow from properties. The conversation also touches on the necessity of nurturing client relationships and maintaining top-of-mind awareness to drive sales. Tune in for practical advice and powerful questions that can help business owners scale to eight figures.

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Website - paliseproperty.com

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Timestamps:

00:00:00 - Introduction

00:02:08 - Time and Income: Building an Eight-Figure Property Portfolio

00:04:44 - Steps to Achieve an Eight-Figure Property Portfolio

00:06:22 - Steve's Journey from Engineering to Property Investment

00:07:18 - Starting a Business While Traveling

00:09:46 - Importance of SOPs and Systems in Business

00:12:20 - Content Creation and Building a Personal Brand

00:17:22 - Building Trust and Authority Through Content

00:18:06 - Steve's Property Portfolio and Investment Strategy

00:20:08 - Residential vs. Commercial Property Investments

00:21:44 - Clarity in Personal and Business Goals

00:23:21 - Focusing on Your Own Business Journey

00:26:17 - Common Mistakes in Commercial Property Investment

00:28:32 - Biggest Lies Told by Property Gurus

00:32:40 - When Business Owners Should Start Building Wealth

00:36:53 - Best Structures for Commercial Property Investment

00:39:24 - Biggest Mistakes in Commercial Real Estate Investment