#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.If you’re a business owner looking to scale and dominate your market with a viral podcast system, book your demo today: https://vibezcreative.com/book-a-viral-podcast-demoFollow Nelson:https://www.instagram.com/creatornelson Follow us on socials: https://www.instagram.com/foundersplaybookhttps://www.youtube.com/@foundersplaybookpodcastFollow Steve:Website - paliseproperty.comYouTube - @palisepropertyLinkedIn - Steve PaliseInstagram - @palisepropertyTimestamps:00:00:00 - Introduction00:02:08 - Time and Income: Building an Eight-Figure Property Portfolio00:04:44 - Steps to Achieve an Eight-Figure Property Portfolio00:06:22 - Steve's Journey from Engineering to Property Investment00:07:18 - Starting a Business While Traveling00:09:46 - Importance of SOPs and Systems in Business00:12:20 - Content Creation and Building a Personal Brand00:17:22 - Building Trust and Authority Through Content00:18:06 - Steve's Property Portfolio and Investment Strategy00:20:08 - Residential vs. Commercial Property Investments00:21:44 - Clarity in Personal and Business Goals00:23:21 - Focusing on Your Own Business Journey00:26:17 - Common Mistakes in Commercial Property Investment00:28:32 - Biggest Lies Told by Property Gurus00:32:40 - When Business Owners Should Start Building Wealth00:36:53 - Best Structures for Commercial Property Investment00:39:24 - Biggest Mistakes in Commercial Real Estate Investment