Today I had the pleasure of speaking with a Pro Athlete Turned Real Estate Investor, Barri Griffiths. He is the host of the WWRE Podcast and the youtube channel Wrestling With Real Estate, where he interviews people from all aspects of the industry. His goal is to help educate as many people about the amazing benefits of real estate.
Let’s jump right into this episode and learn more about asset insurance and risk management.
[00:01 - 07:00] Opening Segment
- Let’s bring Barri Griffiths to the show.
- Barri talks about his family and his background.
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- He grew up in the UK.
- He worked for his father in the construction and funeral home business.
- Start bodybuilding and professional wrestling.
- Joined WWE.
- He was offered a role in Cirque Du Soleil.
- Barri shares how he discovered the real estate world.
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- Real estate was a great plan B and something that allows him to create a lifestyle for himself.
[07:01 - 15:59] Wrestling with Real Estate
- Barri shares his very first journey in real estate.
- He just bought his dream house when his career in wrestling just ended.
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- .He turned the house into a rental property so he could keep it.
- He talks about the entrepreneurial mindset he got from working with the construction company of his family.
- Barri talks about his passive investing journey.
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- He shares how he started a passive investment.
- He started researching and listening to several podcasts about investment.
- He decided to hire a coach in real estate.
- Barri shares the story of when he became the general partner in the deal with his coach.
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- Learning about all of the reporting systems, how do they handle things, etc.
- The most important thing is your decision with your time and what you are trying to achieve.
[16:00 - 22:27] From Single-family to Multi-family
- Barri talks about his first investment in single-family
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- He shares how he became an accidental landlord.
- It was making negative cash-flow and breaking even.
- .He shares about the real investment property that he bought for rentals.
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- A foreclosure townhouse in LA.
- He put about 10k into it.
- In Vegas, things are slightly different; you do not need to meet the 1% rule for cash flow.
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- There is no state-tax, and you can avoid a lot of other expenses.
- Cash flowing around 150 a month in the property.
- Barri talks about the proof of concept of the money he makes every month from the first investment that got him hooked with passive investing.
- He shares about his big learning lesson from a mistake he made on one property.
- If you really want to be in real estate investing, you have got to realize that there will be some challenging times, and it is better to have these challenges and own rental real estate.
Tweetable Quotes:
“Real estate was a great plan B and something that allows him to create a lifestyle for himself.”- Barri Griffiths
“The most important thing is your decision with your time and what you are trying to achieve.
”- Barri Griffiths
“If you really want to be in real estate investing, you have got to realize that there will be some challenging times, and it is better to have these challenges and own rental real estate.”- Barri Griffiths
You can connect with Barri on Instagram and Facebook. You can also check
