In this episode, I (barely) celebrate my 100th episode. Why do I say barely celebrate? Because, frankly, it has come so quickly that I hardly feel like I’ve been doing this very long at all! It’s been just over four months since I started. I think I’ll celebrate when I hit the one year mark. But for now, I am going to look back and talk about what I’ve learned as the host of the show over the past 100 episodes.
I’ve actually learned a lot from hosting the show over the last several months. I have interviewed some unbelievable real estate investors. I’ve also had the pleasure of interviewing some incredible experts in the field of motivation, achievement and happiness. It has been an incredible ride so far and I want to talk today about some of the things that I’ve learned along the way.
1. Everyone has the opportunity to succeed in real estate.
That is not to suggest that it’s easy. Or that my guests are not incredible business people. They are. But I think they would admit that they are no more or less capable than you. As remarkable as they are, what separates them from everybody else who is not succeeding at their level, is their drive and tenacity. Most of my guests just refuse to fail. And when they have had failure, they get up, brush themselves off, and get back at it. They understand that failure is part of the journey of ultimate success.
2. Creating a successful business requires massive action, especially in the beginning.
In recent episodes I have discussed massive action and why it is critical, especially for the new real estate investor. The best analogy that I can come up with is think of your business like a 747 airplane. 747 airplanes weigh 367 tons. 367 tons of metal should not be able to fly through the sky. It requires massive action to get that incredibly heavy metal machine into the sky. The massive action comes in the form of speed. The plane has to reach a certain speed in order to lift off. Think of your business as a 747 airplane that requires you to generate a lot of speed in order to get it off the ground.
3. The best way to scale your business without working hundreds of hours a week is to create great systems.
One person who comes to mind is Justin Williams. Justin has his own podcast at House Flipping HQ. His business is nothing short of amazing. Justin flips 100 houses per year and only spends between 5 and 10 hours a week on his house flipping business. He can do that because he created great systems that allow him not to be involved in every aspect of his business. Basically, as you grow your business, one of the things you should try to do is to continuously find ways to replace yourself. Through strategic hiring of assistance, or VAs, you should always be trying to teach others how to do what you are doing so that eventually they can do those things, and you will free yourself up to concentrate on further growth for your business.
4. There is more than one way to succeed in real estate.
When I say that there is more than one way, I’m not talking necessarily about buy-and-hold versus wholesaling versus flipping, I am saying that even within each of those things there are several ways to be successful. I have interviewed buy-and-hold investors who have vastly different techniques for building their portfolio. All of them very successful, and all of them doing it differently. The same goes for fix-and-flip investors. The way Justin Williams runs his business is different than the way Danny Johnson does. Ultimately, each investor figures out the way that works best for them and their business.
These are just some of the highlights of what I have learned over the past four months. I sincerely hope you are enjoying this podcast and that you are learning a ton as well. In addition to my awesome guests, four days out of the week I try to provide quick, actionable shows that I call Quickpoint episodes. These Quickpoint episodes cover a specific topic and give you information that you can instantly implement in your business.
I am having an absolute blast doing this podcast, I can’t believe I’ve already done 100 episodes! I hope to do several hundred more, and I hope you will stick with me for that!