
← The Paul Morris Podcast13 jul · 44 min
UNBELIEVABLE PROFITS: Flipping Foreclosures & Hidden Deals! Discover How to Break Into Real Estate!
Paul Morris and Josh Spitzen interview real estate entrepreneur Daryl Owen, who describes being inspired at 14 to buy investment property, then purchasing his first rental at 19 while working at Papa John’s, struggling to rent it, and selling it two years later for a modest gain that pushed him into getting his real estate license. He shares lessons from buying an expensive personal home before 2008, losing money, and rebuilding by living below his means, then getting hooked on flipping after a first profitable deal and doing hundreds more. Daryl discusses mistakes (including permit issues), choosing between selling “home runs” and holding, using strategies like 1031 exchanges and cost segregation, and his current portfolio (~$10M holdings, ~$4.2K/month net cash flow). He emphasizes sourcing off-market deals via high-volume outreach, deciding quickly, and advising investors to stop waiting for perfection, buy decent deals, and hold long term, with future focus on multifamily value-add and ADUs.
*Daryl Owen*
Instagram: https://www.instagram.com/darylrowen/
Website: https://www.zillow.com/profile/Daryl%20Owen
*Josh Spitzen*
Instagram: https://www.instagram.com/spitzenjosh/
Website: https://forwardone.com/agents/josh-spitzen/
*Connect with Paul*
Instagram: https://www.instagram.com/paulmarkmorris/
TikTok: https://www.tiktok.com/@itspaulmarkmorris
YouTube: https://www.youtube.com/@paulmorrispodcast
Facebook: https://www.facebook.com/paulmarkmorris