{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Roots Podcast","title":"This $7B Developer Started with One Flip | Roots Pod #63","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/c5f1e37e\"></iframe>","width":"100%","height":180,"duration":3491,"description":"Paul Thrift bought his first house the summer after high school. Today Thompson Thrift has built $7 billion of real estate across more than 20 states.\nHe and his partner John met in high school and bought a repossessed home together right after graduation. Forty years later Thompson Thrift is a national multifamily developer with about 200 people in the Indianapolis office alone.\nHe opens up the machine behind it: roughly 1,100 accredited investors, 800 million to a billion dollars of development a year, and a five-year life cycle on every deal.\nLess than 10% of the business is even in Indiana, and he explains why the state keeps producing developers who punch above their weight. He is also honest about the one venture that lost so much money it nearly ended everything.\nPaul spent 40 years building his edge. If you want to take your own first step as an investor, start here:\nFree Investor's Guide (house hacks, BRRRR, rentals, 1031s)\nhttps://www.rootsrealty.co/resources/investors/indianapolis-real-estate-investor-guide?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep63&utm_content=investor_guide\nRESOURCES\nAre you ready to invest? (2-minute quiz)\nhttps://www.rootsrealty.co/investor-readiness-quiz?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep63&utm_content=investor_quiz\nBook a 30-minute call with Roots\nhttps://calendly.com/maxrealestate/30-min-info-call-roots-co-clone?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep63&utm_content=book_call\nGet the Roots newsletter\nhttps://www.rootsrealty.co/newsletter?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep63&utm_content=newsletter\nSPONSORS\nTony Boutros at Indy Homes Reborn: https://reborninvesting.com/\n0:00 - Intro\n0:30 - Paul’s Intro Story\n2:59 - Why Indiana?\n7:14 - Indy Homes Reborn\n7:35 - Indy Developers are Incredible\n10:00 - The Playbook for Scaling Pt 1\n16:01 - The Business Partner Secret Sauce\n19:30 - Who’s is Thompson & Thrift\n26:15 - Mistakes...","thumbnail_url":"https://img.transistorcdn.com/VOly1RGrFmNgbENExIDg_3Lg5tIaN-RjVRqS1CGmzcc/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9hMTdj/MzM3N2U0NTYxODI0/MjY1ZjUwMmI3ZTgw/ZWE2Ni5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}