226: From D-Student to $400,000 in Annual Rental Property Cash Flow with David Osborn

What does true wealth look like? Is it simply money or something more? And how does one achieve that wealth? That’s the topic on today’s episode of The BiggerPockets Podcast, where we sit down with David Osborn, a highly successful real estate investor, agent, and New York Times Bestselling author from Austin, TX. This show is PACKED with incredible, life-changing knowledge, advice, and wisdom from someone who truly walks his talk. David covers everything from buying your first property, the exact “pass/fail” metrics he uses to evaluate potential deals, the importance of work/life balance, and SO much more! This is one episode you’ll want to listen to again and again! In This Episode We Cover:A little about David’s backgroundHow being lazy can actually workHis rental portfolioHow he’s managed to build his portfolio easilyHis advice to those who are still starting outThe importance of hanging out with winnersThe three main things that he focuses on his lifeHow he learns bestThe story behind “wealth can’t wait”A conversation on the definition of wealthWhat can be improved in the current curriculumHow to know when enough is enoughHow to gain momentum in real estateDavid’s goals for the next 20 yearsAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Instagram AccountJosh’s Instagram AccountBrandon’s Instagram AccountSelf Made Man Podcast with David as GuestBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneCarleton SheetsBiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David GreeneBiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat HibanGobundanceKhan AcademyBooks Mentioned in this ShowSet for Life by Scott TrenchWealth Can’t Wait by David OsbornRich Dad’s CASHFLOW Quadrant by Robert KiyosakiReal Estate Riches by Dolf de RoosSecrets of Power Negotiating by Roger DawsonThe ONE Thing by Gary Keller and Jay PapasanAs a Man Thinketh by James AllenTweetable Topics:“It’s all about opportunity in life. So you won’t be ready for the opportunity unless you’re prepared.” (Tweet This!)“If you want to be a winner, you’ve got to hangout with winners.” (Tweet This!)“Wealth is not just really about money. It’s about an entire way of living. It’s a state of mind.” (Tweet This!)“The biggest risks in life is not taking risks.” (Tweet This!)Connect with DavidDavid’s Personal Website