Building Personal Wealth Through Home Ownership w/Ed Parcaut

On this episode, Jake and Gino interview Ed Parcaut. Born in Burlingame, California, Ed Parcaut moved multiple times between California and Colorado during his childhood.

He enlisted in the Navy as a Hospital Corpsman to see the world and got to see San Diego, CA. After 18 months in the Navy, it came time to choose a specialty. He ended up studying physical therapy and Emergency Medicine. During the rest of service, he went to college getting a bachelor’s degree in marketing and a master’s in international business and marketing.

After getting out of the Navy, he gave the tech world a try before realizing it was not for him. He turned to work for his neighbor’s mortgage company, which is what stuck. Ed’s love for numbers and helping people have kept him in the mortgage field ever since.

Chapters:
00:00 Introduction
01:11 Getting started in mortgage business
07:28 How is immigration affecting housing market?
11:00 Easiest way to own the house
15:08 Dream to buy home and retire in same home
21:14 Long-term thinkers prefer own house
26:13 Assets versus liabilities
32:19 Book recommendation: The Millionaire Next Door
35:50 Wrap-up

To know more about Ed's initiative: https://www.edparcaut.com/

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About Jake & Gino
Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $175,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs.

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