Make Money While You Sleep with Seth Bradley
Seth Bradley helps attorneys and other high-income earning individuals achieve their financial goals by diversifying their investment portfolios through intelligent, alternative investments in exceptional commercial real estate projects.
His passion is educating others on how to passively invest in commercial real estate so that they can quickly scale and enjoy truly passive cash flow while retaining the freedom to focus on their own businesses and careers.
He is deeply involved in the real estate industry and intimately in tune with the market, having a comprehensive perspective as a real estate investor, attorney, and broker. His law practice is focused on real estate financing, leasing, acquisitions, and dispositions, as well as asset protection, entity formation, and capital raising.
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Brett:
I’m excited about our next guest. He’s at a V group, I think one of the greatest cities in the world San Diego, California, and he’s a Real Estate Entrepreneur and expert at Creating Passive Income while working as a highly paid professional. He’s close to billions of dollars in Real Estate transactions as a Real Estate Attorney investor in the Broker. He’s the managing partner of Law Capital Partners, a private equity firm focused on multifamily and opportunistic real estate acquisitions. He’s a former big law attorney and is now the managing partner of his own firm Bradley Law Limited, and he is here to share so much with us. Please welcome the show with me, Seth Bradley. Hey, Seth, how are you doing?
Seth:
Doing great Brett. Thanks so much for having me on today.
Brett:
Absolutely excited to get to know you a little bit more and hear about your story. So let’s start right there. Tell us a little bit more about your story and your current focus.
Seth:
Yeah, absolutely, man. Well, it took me a long time to figure this game out. I grew up in a blue-collar family in West Virginia. So, we didn’t have a lot of real estate or entrepreneurship or business type of focus growing up. So I always thought what’s the best job I can get. And to me, that was becoming a doctor. So I started going to med school, went down that pathway, I realized pretty quickly that that wasn’t for me. I still had that two mindsets still had that, work, work, work mindset. And the next best job, I thought it was, you should become a lawyer. So that’s what I did. So I went to law school after that did pretty well there ended up getting a big law firm job right out of law school. And I don’t dislike practicing law, I actually enjoy the work because it is real estate related. And I love real estate, all things real estate. But what I did hate was just kind of getting caught up in that, office atmosphere, the office politics, kind of having to do all the, 20,000 bosses and billing 2200 hours a year. And I quickly figured out that there’s a different game, and that’s called entrepreneurship, that’s called investing. That’s called making money while you sleep. And we can get into that a little bit later. Fast forward a little bit. My private equity company, Law Capital Partners, invests in private commercial real estate, sometimes we bring on passive investors into a deal, sometimes we just partner and JV with a couple of people and take down the deals ourselves. But we’re full steam ahead.
Brett:
Amazing love that part, our traditional sometimes families, my family was my grandmother growing up, she kind of paved the way for the next generation to go to college, right. And then my brother and I were the first ones, to graduate college on both sides of the family. And so that created the new opportunity to go get a higher paying, let’s say job in my world was, was more like working as a broker and then worked, and kind of, and then moving into my own entrepreneurial journey there. So love that. So we’ll dive into more of that here in a minute. And, and I love the idea of talking about making money while you sleep, right? Because I think that’s the foundation of being able to get some freedom. But before we go there, Seth, I want to take one other step back to help our listeners to even get to know even a little bit more, and to find out a little bit more about your gifts to see if it might be a connection for them for you to help them and, and it goes to this, maybe it’s your high school days. Maybe it’s the university days, I don’t know, maybe it’s a young time when you’re back, and you’re growing up. And maybe someone’s mu, someone’s telling you what kind of gifts and talents you might have. I believe we’ve been given certain gifts. Some people call these strengths or superpowers, I believe their God-given gifts, and they’ve given us to be a blessing to others. So I’m curious, maybe one of those one or two gifts that you believe you were given? And how does that help you help and bless people today?
Seth:
Yeah, I would say it’s taking a complicated topic and boil it down into kind of just the nuts and bolts step by step, here’s what you need to do. Rather than getting caught up in this huge big picture thing that might, you might not be able to wrap your head around. And I’ve kind of honed that in as well being an attorney because, obviously legal documentation, legal regulations, things like that are very complicated. They’re in a totally different language. And then when you need to explain those things to a client, dropping that legal ease on them doesn’t get you anywhere. You need to explain it in a way that everyone can comprehend and understand.
Brett:
Excellent and it was that something you were doing at a young age like where you found like those connections where people were coming to you for me with math problems, maybe it was something else some kind of complex thing. The guy who could do all the orders that a Rubik’s Cube, you can put that way. What do you think that comes from?
Seth:
I think it’s from my parents because they’re both great school teachers, my dad ended up having to go to the coal mines and make some more money. But they’re both teachers by trade.
Brett:
I love that. Cool. Well, let’s dive right into making money while you sleep. Here I get where Seth Bradley by the way can learn more about Seth Bradley at passiveincomeattorney.com, its passive income attorney calm. So Seth, what’s the number one secret for you, and or your partner’s friend’s family to making money while you sleep?
Seth:
It’s saving that money to invest rather than saving that money just to save. I think a lot of people think that I’ve got all this money in my bank account, especially highly paid professionals, doctors, lawyers, people like that they make a lot of money. And maybe they save a lot of money, hopefully. But most of the time, they just spend a lot of money. And it comes down to taking that money that you earned from your active income and turning that into passive income making that money work for you. Now, a lot of people traditionally do that through just investing in their 401K, or stocks, bonds, mutual funds, that sort of thing. Because that’s really all we know, growing up with my generation and generations before, that’s all they tell you to do just nine to five to 65, plug this money into your 401K. And you’ll be fine. And that’s great to do. But if you ever want to escape that job, if you don’t absolutely love your job, or if you don’t, if you want to step away and spend more time on vacation, or traveling or with your family and friends, doing the things that you want to do with the people you want to do them with, you’ve got to figure out another way other than that 401k in that retirement plan to start making your money work for you. And for me, it’s been a couple of different things, mainly real estate, obviously a bunch of different facets. I’ve done fixing flips to buy and hold residential, all the way up to 300 Plus, multifamily syndications. But also, for me, as well, you can also start a side hustle, you can start a different business outside of your main, income generator, but you need to find ways to generate multiple streams of income.
Brett:
Perfect, that’s great. I love that set. So step one is to saving money to invest not saving just to save. So changing the mindset there. And then second, making money works for you. So versus going from nine to five to 65. Getting the money to work in let’s say things like real estate. Or something that you could be you could be growing wealth on a larger scale. Is that a fair summary so far?
Seth:
Yeah, you’ve got it. Excellent.
Brett:
So step number two. So step one, you figured out that that is the way to build wealth? What is step number two, to make sure your money is working for you a while easily?
Seth:
Yeah, so you have a lot of options. Once you kind of get over that educational hump that, hey, I want to invest in real estate or start a side business or anything outside of my active income generator. Once you’ve gotten over that mindset hump, and you’re like, okay, I’m ready, let’s do it, then I think you really need to examine how much time you have. Because that’s going to be the biggest determining. Determining factor as to what you can do. And what you can handle for a lot of the folks that I speak to their big law firm attorneys, they’re doctors with a full-time practice, they don’t have a lot of time time is their most precious commodity is all of our most precious commodities. But for them, they don’t have time to do fix and flips. I tried that while I was working, you don’t have time to do something that that it’s that hands-on, you have to be there, managing the contractor, making sure you’re not getting screwed all this different stuff. Being an active real estate investor, as opposed to letting’s say, a passive real estate investor. It all comes down to time Sure, you can make some better returns as an active investor. But you also have to get one over the big educational hump and get the experience and the expertise. And two, you have to have more time.
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