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How to Build Financial Freedom and Independence of Purpose through Strategic Real Estate Investing with Clint Harris

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Manage episode 521197539 series 3578203
Content provided by Will Humphreys. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Will Humphreys or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Are you a successful medical professional or leader trapped by the "golden handcuffs" of your high-income, high-demand career? In this episode of The Willpower Project, host Will Humphreys welcomes Clint Harris, a former medical sales professional who built his own off-ramp to achieve financial, time, and location independence.

Clint, who spent 16 years selling medical devices, realized the unsustainable nature of trading time for money. He and his wife strategically invested in real estate—starting with single-family homes and eventually building a portfolio of short-term rental properties and a property management company.

Now, as the co-founder of Nomad Capital, Clint has shifted focus to a high-scale, less-headache model: converting vacant big-box retail buildings (like Kmart) into climate-controlled self-storage facilities using syndication.

Listen in as Clint breaks down the powerful, yet often misunderstood, world of real estate syndication. Learn why seasoned investors, including the "Sharks" on Shark Tank, consistently point to real estate as the ultimate foundation for wealth creation and generational financial velocity. Clint offers a transparent look at the pros and cons of passive real estate investing and how busy, high-net-worth individuals can leverage their capital to grow wealth without sacrificing their valuable time.

Key Takeaways You'll Learn:

  • The Problem with Golden Handcuffs: Understanding the cycle of trading more time for more money, and why it's a barrier to true freedom.
  • The Three Components of Real Estate Success: Why you need a combination of time, experience, and money, and how syndication allows you to leverage other people's time and experience.
  • Syndication Explained: What it is, why it's a powerful tool for diversification, and how busy professionals can get started without becoming real estate experts.
  • The Power of Conversion: Why Clint's strategy of converting old retail spaces into self-storage is so lucrative, yielding potential double to triple returns on asset valuation.
  1. The Difference in Valuation: Learn why commercial real estate, unlike residential, is valued by Net Operating Income (NOI) and a market cap rate—and how operators can force appreciation by increasing rents.
  • Passive Investor Returns: What a typical investment profile looks like, from minimum investment amounts to projected annualized returns (often in the 15-20% range) and how the "general partners" (like Clint) make their money.
  • Focusing on Independence of Purpose: Clint shares the deeper motivation behind his financial goals: creating a life of freedom, travel, and empathy to raise better humans.
  • Don't Invest Blindly: Clint's crucial advice on vetting operators based on their ethics, transparency, and communication—not just the glossy deal sheet.
  • Leveraging Retirement Funds: How you can use self-directed 401ks and IRAs for alternative investments to diversify beyond volatile paper assets.

As Will wisely notes, "If you have any money that's sitting in a bank account, you're losing money with inflation." This episode provides an actionable roadmap for medical professionals who are ready to make their money work for them and start building a life defined by purpose, not just practice.

Send us a text

Virtual Rockstars specialize in helping support or replace all non-clinical roles.
Learn how a Virtual Rockstar can help scale your physical therapy practice.
Subscribe here to our completely free Stress-Free PT Newsletter for your weekly dose of joy.

  continue reading

Chapters

1. Breaking The Time-For-Money Cycle (00:00:00)

2. Meet Clint Harris And His Background (00:00:44)

3. Burnout In Medical Sales And An Off-Ramp (00:01:10)

4. Short-Term Rentals And Lessons Learned (00:02:09)

5. Pivot To Self-Storage Conversions (00:03:16)

6. Syndication And Physician Investors (00:04:19)

7. Why Real Estate Builds Generational Wealth (00:05:13)

8. Financial Velocity Explained (00:06:36)

9. Time, Experience, Money: The Triangle (00:07:16)

10. What A Syndication Really Is (00:08:13)

11. How To Vet Operators The Right Way (00:09:20)

12. Define Life Goals Before Returns (00:10:55)

13. Choosing Asset Classes And Deal Timelines (00:12:06)

14. Example Deal: Costs, Buildout, Exits (00:13:18)

15. Creative Value: Mezzanines, Outparcels, Roofs (00:14:20)

16. Returns, Risk, And Deal Structures (00:15:52)

17. Development Timeline And Preferred Returns (00:17:07)

18. Track Record And Scaling Ambition (00:18:07)

19. Think Bigger To Make Life Easier (00:19:22)

20. Diversification And Self-Directed Retirement (00:20:13)

21. Control The Outcome In Commercial Real Estate (00:21:48)

22. Forcing Appreciation And Cap Rates (00:23:08)

23. Big-Box To Storage: Community Flywheel (00:24:12)

24. Matching Investor Goals To Deals (00:25:20)

25. How To Engage With Nomad Capital (00:26:18)

26. Radical Fit, Transparency, And Alignment (00:27:15)

27. Goals Change: Communication Matters (00:28:10)

28. Closing Thoughts And Host Sign-Off (00:29:30)

78 episodes

Artwork
iconShare
 
Manage episode 521197539 series 3578203
Content provided by Will Humphreys. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Will Humphreys or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Are you a successful medical professional or leader trapped by the "golden handcuffs" of your high-income, high-demand career? In this episode of The Willpower Project, host Will Humphreys welcomes Clint Harris, a former medical sales professional who built his own off-ramp to achieve financial, time, and location independence.

Clint, who spent 16 years selling medical devices, realized the unsustainable nature of trading time for money. He and his wife strategically invested in real estate—starting with single-family homes and eventually building a portfolio of short-term rental properties and a property management company.

Now, as the co-founder of Nomad Capital, Clint has shifted focus to a high-scale, less-headache model: converting vacant big-box retail buildings (like Kmart) into climate-controlled self-storage facilities using syndication.

Listen in as Clint breaks down the powerful, yet often misunderstood, world of real estate syndication. Learn why seasoned investors, including the "Sharks" on Shark Tank, consistently point to real estate as the ultimate foundation for wealth creation and generational financial velocity. Clint offers a transparent look at the pros and cons of passive real estate investing and how busy, high-net-worth individuals can leverage their capital to grow wealth without sacrificing their valuable time.

Key Takeaways You'll Learn:

  • The Problem with Golden Handcuffs: Understanding the cycle of trading more time for more money, and why it's a barrier to true freedom.
  • The Three Components of Real Estate Success: Why you need a combination of time, experience, and money, and how syndication allows you to leverage other people's time and experience.
  • Syndication Explained: What it is, why it's a powerful tool for diversification, and how busy professionals can get started without becoming real estate experts.
  • The Power of Conversion: Why Clint's strategy of converting old retail spaces into self-storage is so lucrative, yielding potential double to triple returns on asset valuation.
  1. The Difference in Valuation: Learn why commercial real estate, unlike residential, is valued by Net Operating Income (NOI) and a market cap rate—and how operators can force appreciation by increasing rents.
  • Passive Investor Returns: What a typical investment profile looks like, from minimum investment amounts to projected annualized returns (often in the 15-20% range) and how the "general partners" (like Clint) make their money.
  • Focusing on Independence of Purpose: Clint shares the deeper motivation behind his financial goals: creating a life of freedom, travel, and empathy to raise better humans.
  • Don't Invest Blindly: Clint's crucial advice on vetting operators based on their ethics, transparency, and communication—not just the glossy deal sheet.
  • Leveraging Retirement Funds: How you can use self-directed 401ks and IRAs for alternative investments to diversify beyond volatile paper assets.

As Will wisely notes, "If you have any money that's sitting in a bank account, you're losing money with inflation." This episode provides an actionable roadmap for medical professionals who are ready to make their money work for them and start building a life defined by purpose, not just practice.

Send us a text

Virtual Rockstars specialize in helping support or replace all non-clinical roles.
Learn how a Virtual Rockstar can help scale your physical therapy practice.
Subscribe here to our completely free Stress-Free PT Newsletter for your weekly dose of joy.

  continue reading

Chapters

1. Breaking The Time-For-Money Cycle (00:00:00)

2. Meet Clint Harris And His Background (00:00:44)

3. Burnout In Medical Sales And An Off-Ramp (00:01:10)

4. Short-Term Rentals And Lessons Learned (00:02:09)

5. Pivot To Self-Storage Conversions (00:03:16)

6. Syndication And Physician Investors (00:04:19)

7. Why Real Estate Builds Generational Wealth (00:05:13)

8. Financial Velocity Explained (00:06:36)

9. Time, Experience, Money: The Triangle (00:07:16)

10. What A Syndication Really Is (00:08:13)

11. How To Vet Operators The Right Way (00:09:20)

12. Define Life Goals Before Returns (00:10:55)

13. Choosing Asset Classes And Deal Timelines (00:12:06)

14. Example Deal: Costs, Buildout, Exits (00:13:18)

15. Creative Value: Mezzanines, Outparcels, Roofs (00:14:20)

16. Returns, Risk, And Deal Structures (00:15:52)

17. Development Timeline And Preferred Returns (00:17:07)

18. Track Record And Scaling Ambition (00:18:07)

19. Think Bigger To Make Life Easier (00:19:22)

20. Diversification And Self-Directed Retirement (00:20:13)

21. Control The Outcome In Commercial Real Estate (00:21:48)

22. Forcing Appreciation And Cap Rates (00:23:08)

23. Big-Box To Storage: Community Flywheel (00:24:12)

24. Matching Investor Goals To Deals (00:25:20)

25. How To Engage With Nomad Capital (00:26:18)

26. Radical Fit, Transparency, And Alignment (00:27:15)

27. Goals Change: Communication Matters (00:28:10)

28. Closing Thoughts And Host Sign-Off (00:29:30)

78 episodes

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