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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.
He 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.
He 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.
Less 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.
Paul spent 40 years building his edge. If you want to take your own first step as an investor, start here:
Free Investor's Guide (house hacks, BRRRR, rentals, 1031s)
https://www.rootsrealty.co/resources/investors/indianapolis-real-estate-investor-guide?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep63&utm_content=investor_guide
RESOURCES
Are you ready to invest? (2-minute quiz)
https://www.rootsrealty.co/investor-readiness-quiz?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep63&utm_content=investor_quiz
Book a 30-minute call with Roots
https://calendly.com/maxrealestate/30-min-info-call-roots-co-clone?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep63&utm_content=book_call
Get the Roots newsletter
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SPONSORS
Tony Boutros at Indy Homes Reborn: https://reborninvesting.com/
0:00 - Intro
0:30 - Paul’s Intro Story
2:59 - Why Indiana?
7:14 - Indy Homes Reborn
7:35 - Indy Developers are Incredible
10:00 - The Playbook for Scaling Pt 1
16:01 - The Business Partner Secret Sauce
19:30 - Who’s is Thompson & Thrift
26:15 - Mistakes and Lessons Learned
29:40 - The Playbook for Scaling Pt 2
37:53 - Core Insurance Solutions
38:19 - The Operator Perspective
41:10 - Faith and Service in Business
48:40 - Favorite Restaurant in Indiana
50:30 - Top 3 Books
52:29 - One Habit that Has Changed His Life
Disclaimer:
This video is for educational and informational purposes only. Nothing in this video should be construed as legal, tax, or financial advice. Always consult with licensed professionals before making any real estate investment decisions.
