Naaman Taylor On Building Wealth As An Army Veteran-Turned-Real Estate Investor
Being in the army is a patriotic duty that gives you overflowing pride, but time will come and you need to move on from the service. Going into real estate is one of the best investments a veteran can do, given its wide variety of assets and available opportunities. Many retired soldiers only don’t know about it because they’re not exposed to it. Our guest made it his mission to educate and expose the power of real estate investing to his fellow veterans and how to grow steady revenue with it. Join Tim Herriage as he talks to the CEO of Marching Time Capital and real estate soldier, Naaman Taylor. Listen to his journey from serving in the United States Army to getting into the real estate industry. Discover how he grew his wealth by learning wholesaling, fixing and flipping, and more. Learn why education and community are important in this career, especially for up-and-coming real estate investors. — Watch the episode here Listen to the podcast here Naaman Taylor On Building Wealth As An Army Veteran-Turned-Real Estate Investor I’m here with the Real Estate Soldier, Naaman Taylor. Naaman, thanks for stopping by. Thanks for the invite. Why don’t you start and tell everybody a little bit about yourself? I was in the Army for thirteen years. I joined straight out of high school. I got into real estate investing about a decade after that. While I was in the Army, I went to Iraq and Afghanistan and did some time in Korea, Germany, and a bunch of different duty stations. I got to do a lot of traveling. That’s one of the reasons why I decided to get into real estate investing, so I could travel. After those ten years of service, I started getting a little interested in real estate. The pandemic pushed the gas pedal on that because the Army slowed down. For years and years, I was on missions. As soon as that slowed down, I decided to educate myself on something. That was what got me started in real estate investing. Aside from that, I’m a husband, father, and friend. I pride myself on having a good social circle and a great relationship with my friends, my wife, and my new business friends and associates. First and foremost, thank you for your service. I remember what it was like when I got out. You were probably in elementary school. I don’t even know. You were probably like eight. I start every show with a segment called the Bottom Line Up Front, the BLUF. I was in intelligence and I had to brief the commanders all the time, and they always said, “Don’t bury the lead.” Give them the bottom line up front in case the briefing needs to end. They know the most important information, and they can take action. Imagine there’s someone about to be doing something. Their phone disconnects and they forget to finish reading. Let’s give them the most important stuff, the things that you’re seeing in the market, the things you think people should be doing, the things you think they should be avoiding, and ultimately the bottom line of the real estate market nowadays. Are you good to go? Take it away. The information I want to share isn’t even specifically about real estate investing. It’s more don’t get lost in your business in your day to day that you forget to live a good life. Everyone gets to a point in their business where they’re feeling a little overwhelmed, in their marriage where they’re feeling a little stressed, or with their family when they’re starting to feel maybe a little neglected. Remember every day to live a very good life. At this point, we’ve all figured out how to make a lot of money. We’ll all earn 7 or 8 figures, but ask yourself when you look in the mirror every morning, “Am I an eight-figure husband? Am I an eight-figure father? Am I an eight-figure friend?” It’s easy as an investor and as someone who sees my path of success and knows that I’m going to make a lot of money to get lost each day, and I try to find reasons each day to find myself as an eight-figure husband, father, friend, and business partner. Remember to put those that love you first. Have a good social circle, live well, and earn well. You should trademark eight-figure. That’s powerful, but it’s also important. This business can be lonely and your social circle and truly amongst those that are doing this business successfully is small. Being a good member of that circle is important. Business-wise, what are you up to? What is your core focus, area of operations, and area of responsibility? I’ve got a couple of different businesses and I play different roles in each one. Our smallest business is probably our rental car business. We have a bunch of cars that are on the Turo platform, and then we also rent some privately. I’m more of the money behind that company. I hired an operator to do the day-to-day on that one. Another business that I’m more of a partner in is our education business with my friend, RJ Bates. We run a couple of different education things. We have a small community. We have Crucible that we run every quarter or so, and then we also have our house flipping business and then our whole selling company. I see both of those companies and make high-level decisions. Every now and then, I like to get on the phone and close some deals. There is a lot to unpack there. What is the Turo platform? I have never heard of it. It’s like Airbnb for cars, a ride-share company. You can list your personal car on there and rent it out to people. There are all different cars on there. I’m sure if you looked at it here in Dallas, you probably have some sweet
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