For me perfection is a myth and only when you get going and start to see the first results is when the motivation appears
So it’s always better to start early, even imperfectly, than to do great but much later.
Carlos Galan
Carlos (@CarlosGalanRub) is an economist, former stock market analyst and expert in real estate investment, and has been managing a heritage that today totals more than 30 properties and continues to grow year after year.
His podcast on real estate investment currently has more than 600,000 listeners and more than 1,500 positive reviews on iTunes, and his course, Real Estate Freedom, has already helped more than 2,000 people to buy their first property and start creating their own real estate empire that in a future allows them to live on income.
Carlos is also the author of “Independízate de Papá Estado”, the best-selling finance book on Amazon Spain, and in 2021 he was responsible for updating the famous best-seller Napoleon Hill’s “Think and Grow Rich.”
In our conversation, Carlos and I cover his entire career, from his beginnings at BBVA to today, which is dedicated full-time to real estate investment, and we talk about topics as interesting as…
- Why Carlos went bankrupt two years after starting to invest in the stock market and what did he learn from that experience?
- How Carlos ended up working for almost 2 years for a startup in South America dealing with tasks that had nothing to do with what he had studied
- Why Carlos denied real estate investment for a long time and what made him change his mind
- According to Carlos, what are the requirements that a property must meet in order for it to become a profitable investment?
- What does Carlos recommend to exploit that property and put it to work for you once you have bought it?
In addition to all this, I inform you that next Monday, March 28, a free course that Carlos is organizing to present the 8th edition of Libertad Inmobiliaria will begin, and in which Carlos will explain the bases of the method he uses to invest in real estate and get the maximum profit.
So if you have been thinking about investing in brick for a long time and you want to discover how to do it correctly and putting the minimum amount of money out of your pocket, or if you already have a property but you would like to continue growing your assets with more properties that give you a good return, we I encourage you to go to viviralmaximo.net/libertadinmobiliaria and reserve your place in Carlos’s course because I think you will love it.
The course will consist of 4 video classes, it will start on March 28, 2022, and will only be available for a couple of weeks.
In any case, if you are listening to this episode after the publication date and he has already finished Carlos’s course, don’t worry, I will try to convince him to reopen it as soon as possible and to upload some useful training to the Same website: viviralmaximo.net/libertadinmobiliaria.
And that’s all I wanted to tell you!
I think that this interview is full of useful information, that will inspire you and that will teach you the basics to start off on the right foot in the world of real estate investment, so I won’t get caught up anymore and I’ll leave you with the great Carlos Galán 🙂
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quick index
0:48 – Presentation of the guest
3:43 – Start of the interview
6:36 – Where does that early passion for everything related to money and business come from?
8:48 – How you opened an investment account without being of legal age
1:45 p.m. – Where the money you invested for the first time came from
2:56 p.m. – How the death of his father changed his life while he was still a child
4:48 p.m. – How did it affect you in your day-to-day life?
19:08 – At what point does this transformation from bad student to good student take place?
22:09 – Why did you decide to study Law and Business Administration in Madrid?
26:35 – Did you do better studying Economics in Zaragoza?
28:42 – How did you get your first job and what did it consist of?
33:28 – What do you decide to do when your internship is over and why?
38:05 – How your mother took to the idea of the gap year
39:37 – Which countries did you visit and what did the trip bring you?
48:30 – How was the trip paid for?
50:14 – What do you decide to do when you return from Asia?
52:21 – Where did the idea of writing a book come from and what did you want to tell in it?
54:54 – When does it come back? fan of the indexed investment
1:05:33 – Why do you think the sale of the book worked so well?
1:09:38 – While traveling in South America, meet an acquaintance for dinner. What happens at that dinner?
1:12:49 – Being in Bolivia, they end up offering you a job in Chile, how do you react?
1:15:08 – How were the first months in Lentesplus
1:18:37 – How was the launch of the Chilean headquarters
1:21:37 – How did he get a position that was totally unknown to him
1:23:59 – How was the experience of living in Mexico and working with the team there?
1:29:54 – Why did you decide to return to Spain?
1:31:40 – What was the most important thing you learned during your time in South America?
1:33:14 – What did your work in the Samca group consist of and what convinced you to work there?
1:39:40 – How were the first months living and working in Zaragoza
1:40:31 – In 2018 you decide to make your first real estate investments. What makes you change your mind about this type of investment?
1:44:52 – What was your investment strategy with the purchase of the first two floors
1:48:08 – How did you come up with this strategy?
1:50:20 – Had you considered creating a course talking about real estate investment?
1:54:40 – How the relationship between launch agency and expert works
1:56:34 – What did the first version of the “Real Estate Freedom” course consist of, what was the promise and who was it addressed to?
1:59:12 – Did you have impostor syndrome for selling a course on a subject that you did not master 100% of?
2:01:54 – Where did you find the time to create the course?
2:03:12 – What did the first launch consist of and what results did it get?
2:07:13 – Why did you decide to create the Libertad Inmobiliaria podcast and what objective do you intend to achieve?
2:10:27 – What profile do the people you interview have?
2:13:38 – Do you ever consider leaving your job and dedicating yourself completely to your project with Libertad Inmobiliaria?
2:17:16 – What is gamification and how is it applied in the course?
2:21:41 – What will the free course prior to the 8th edition of Libertad Inmobiliaria consist of and who may be interested
2:24:09 – Have there been people who, with just the free course, have already been successful with their first investment?
2:25:42 – How many properties do you currently have in your real estate portfolio?
2:27:59 – In addition to Libertad Inmobiliaria, what other projects are you working on?
2:29:57 – How is a normal day in the life of Carlos Galán
2:31:34 – Are you happy with the life you have created?
2:32:57 – What are the advantages and disadvantages of real estate investment
2:40:24 – Is right now a good time to invest in brick?
2:47:50 – What type of property do you recommend buying as a first investment?
2:51:28 – What approximate profitability can be expected and what requirements must be met to opt for the purchase of the first property
2:56:16 – What characteristics should the right property have in terms of size, location, price, etc.
3:02:04 – What is the number to look at to calculate whether or not the purchase is appropriate
3:06:09 – What is the best way to find a property with these characteristics
3:08:43 – What aspects of the apartment should we pay attention to during the first visit
3:13:17 – How to buy a home
3:21:12 – Is the offer made on the original price or is it a downward negotiation?
3:27:28 – What are the keys to request a mortgage
3:33:07 – Can the mortgage be negotiated with the bank?
3:37:55 – What is the most important thing to do before renting the apartment in order to get the most out of it
3:46:53 – What do you recommend for dealing with tenants on a day-to-day basis?
3:49:57 – What are the pros and cons of crowdfunding real estate
3:53:50 – What are your plans for the coming months, both personally and professionally?
3:57:21 – What has the update of Napoleon Hill’s book consisted of?
3:59:34 – Have you been happy with the result and with the treatment of the publisher?
4:03:22 – What are the 3 books that have marked a before and after in your life?
4:04:54 – Advice, message or final recommendation for listeners
4:05:59 – Where to find Carlos
4:06:52– Farewell
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