Podcast Summary
Success in real estate requires understanding people and the market: To succeed in real estate, prioritize clients' needs, find a successful agent, and adapt to market changes.
Becoming a successful real estate agent requires a deep understanding of both real estate and people, and it's essential to prioritize your clients' needs over your own. Additionally, finding a good real estate agent is crucial in today's competitive market, and using platforms like BiggerPockets can help you connect with agents who have a proven track record and positive reviews from past clients. The podcast also emphasizes the importance of being proactive and adaptable in the real estate industry, as market conditions and trends are constantly changing. Overall, the message is that success in real estate requires dedication, hard work, and a commitment to putting your clients first.
Maximize your real estate investing success with the right tools and agents: Find a reliable agent through platforms like BiggerPockets, invest with no money down using companies like Rent to Retirement, get fast and affordable insurance through Steadily.com, and utilize 1031 Pros for tax savings.
Connecting with a good real estate agent is crucial for successful investing, and platforms like BiggerPockets can increase your chances of finding a reliable agent. Additionally, there are opportunities to invest with no money down through companies like Rent to Retirement, and fast and affordable insurance for landlords is available through Steadily.com. Another valuable tip is utilizing 1031 Pros for tax savings during property sales. Overall, these resources and strategies can help investors save time, money, and increase their chances of success in real estate.
From DIY to Successful Real Estate Professional with Social Media's Help: Social media enabled Britt to find off-market deals, investors, employees, and mentors, leading to her personal and professional growth.
Social media has played a significant role in Investor Girl Britt's transformation from a DIY real estate investor to a successful and connected professional. Ten years ago, she bought her first house at 18 and started with a few single family doors. She was living in a renovation, looking to hire help and find financial partners. Fast forward to today, she's living in Maui, managing 27 doors passively in Canada, and working on multimillion-dollar commercial deals. Social media opened doors for her, enabling her to find off-market deals, investors, employees, and mentors. Through her network, she's grown both personally and professionally. This shift from doing everything herself to leveraging her network has been instrumental in her success.
Building trust and credibility through social media: Consistently share authentic content and engage with followers to build deep connections and relationships on social media, even in business fields like real estate. Start early and post regularly to reap the benefits over time.
Social media has become a powerful tool for building trust and credibility with potential customers and clients, particularly in business fields like real estate. By consistently sharing authentic content and engaging with followers, individuals and businesses can establish deep connections and relationships, even if they're not physically present with each other. The key is to start early and post regularly, even if it feels uncomfortable or unclear what to share at first. Over time, the benefits of social media will become apparent, and it will become an essential part of any successful business strategy. A common mistake is not utilizing social media at all due to fear or uncertainty, but with persistence and experimentation, anyone can learn to harness its power.
Being authentic and vulnerable on social media builds connections: Sharing learning process and goals builds networks, following industry peers helps learn, be specific and clear about value, tailor content to platform, avoid common mistakes.
Being authentic and vulnerable on social media can help build connections with your audience, even if you're not yet comfortable with putting yourself out there. Sharing your learning process and goals can help you build a network and tribe of like-minded individuals. For those who aren't investing yet, following and engaging with accounts of people they aspire to be like can help them build relationships and learn from others in their industry. However, it's important to be specific and clear about what value you can bring to your audience, and to tailor your content to the specific social media platform you're using. Avoiding common mistakes like lack of specificity and not understanding the unique language of each platform can help improve your social media presence and reach.
Tailor content to fit unique language and preferences of each social media platform and audience: Building relationships, using emojis, providing value, and interacting with influencers can help you succeed on social media platforms. Be intentional and consistent to transition from amateur to professional.
To succeed on social media platforms like Instagram, TikTok, or Facebook, it's essential to understand the unique language and preferences of each audience. This means tailoring your content to fit the specific platform and audience. For instance, on Instagram, using emojis and interacting with influencers can help build a strong online presence. On the other hand, providing value and connecting with your audience are key to success on Facebook. Additionally, building relationships with influencers and people you admire can lead to opportunities for growth, as demonstrated by getting invited to a mastermind event. A book like "Traffic Secrets" by Russell Brunson can provide valuable insights into social media strategy and building online relationships. Ultimately, being intentional and consistent in your social media presence can help you transition from an amateur to a professional.
Surround yourself with like-minded individuals: Consistently offer value and build relationships with professionals in your industry to transform from an amateur to a professional.
Surrounding yourself with like-minded individuals who are doing big things and consistently providing value without expecting anything in return can help transform you from an amateur to a professional. Britney Rakoczy shares her experience of how she persistently reached out to people she admired, offered value, and eventually got invited to join their groups. Consistency and providing value without expecting anything in return are key strategies to build relationships and grow in your industry. Additionally, putting in the work and getting good at social media, podcasting, or other platforms can help increase your credibility and visibility, making it more likely for you to get noticed and invited to join groups or networks.
Take the initiative and start your own group: Instead of waiting to be invited, create opportunities for yourself by starting a group or meetup. Persist and be consistent, even if only a few show up initially. Consider exploring larger deals and commercial real estate earlier in your journey for greater success.
Instead of waiting to be invited to join a group or community that aligns with your goals, take the initiative and start your own. As James Altucher's book "Choose Yourself" suggests, don't wait to be chosen; create opportunities for yourself. Starting a meetup or group can be an effective way to connect with like-minded individuals and gain valuable insights. Even if only a few people show up initially, persistence and consistency are key. Additionally, thinking bigger and earlier in your real estate investing journey can lead to greater success. By starting to explore larger deals and commercial real estate early on, you'll be better prepared when opportunities arise. The transition from smaller to larger deals may be less daunting than you imagine.
Exploring new opportunities for income and wealth: Hosting on Airbnb for extra income, partnering with BAM Capital for wealth, and utilizing BetterHelp for mental well-being can significantly enhance your life
Exploring new opportunities, whether it's through investing in real estate with platforms like Airbnb or partnering with trusted companies like BAM Capital, can significantly impact your life. For instance, hosting on Airbnb can provide extra income and even the confidence to pursue a business venture. BAM Capital, with its successful track record and focus on under-managed institutional quality assets, offers accredited investors the chance to build generational wealth. Additionally, BetterHelp's accessible and affordable therapy services can help individuals make time for their happiness. Remember, small steps can lead to substantial changes.
Think creatively to make real estate deals work: Consider unconventional solutions and potential uses for properties to negotiate better deals. Don't just look at numbers in a spreadsheet, consider mindset and financing options.
Creativity and flexibility are key in commercial real estate investing. The speaker shares an example of how he was able to negotiate a property purchase at a lower cap rate by thinking creatively about the potential uses and renters for the property. He emphasizes the importance of not just looking at the numbers in a spreadsheet-minded way, but considering different ways to make a deal work. The speaker also mentions the importance of mindset in real estate investing and encourages investors to consider unconventional solutions when a deal doesn't initially seem to make sense. Additionally, the speaker notes the advantages of commercial financing options in Canada, which can offer lower interest rates and longer terms compared to US options.
Creative financing and unique niches in real estate: Successful real estate investments can be made with low down payments through creative financing and identifying unique niches. Low interest rates from government programs and seller financing are options. Unique markets, such as industrial areas with high rental demand, can provide significant cash flow.
Creative financing and unique niches can lead to successful real estate investments, even with low down payments. The speakers discussed how they were able to secure low interest rates through government programs in Canada and the US, which incentivize lenders to offer low rates. They also shared their experiences with seller financing and finding unique markets, such as industrial areas with a high demand for rentals. The outcome of their investments resulted in significant cash flow, enough to replace a substantial portion of income, all while requiring minimal initial investment beyond renovation costs. The commercial real estate market seems more open to creative financing solutions compared to residential markets.
Creative problem-solving in real estate investing: Embrace challenges as opportunities, learn from mistakes, take calculated risks, view problems as learning experiences, and focus on larger deals for passive income and greater financial rewards.
Creative problem-solving is key to success in real estate investing. It's important to remember that challenges are inevitable, but they often come with bigger rewards. The speakers emphasized the importance of thinking creatively, learning from mistakes, and taking calculated risks. They encouraged listeners to view problems as opportunities and to embrace the learning process. The discussion also highlighted the benefits of scaling up and focusing on larger deals, which can lead to more passive income and greater financial rewards. Overall, the conversation underscored the importance of a growth mindset and the value of persistence and determination in real estate investing.
Embracing uncertainty in life and real estate investing: Life and real estate investing require embracing uncertainty and trusting that we'll figure things out along the way. Don't get caught up in worst-case scenarios, instead focus on adapting and learning from experiences.
Life and real estate investing involve taking calculated risks, and it's essential to be comfortable with uncertainty and not having all the answers. Britney shared her experience of feeling intimidated when starting out on Bigger Pockets but eventually overcame her fears and discovered new opportunities. Tim Ferriss's perspective on worst-case scenario analysis was also mentioned, emphasizing that even if things don't go as planned, one can always bounce back and learn from the experience. David added to the conversation by discussing the root cause of analysis paralysis being fear of uncertainty and the importance of letting go of the need for certainty. He used the analogy of an athlete adapting to unexpected situations to illustrate the point. Ultimately, having confidence in oneself and trusting that future versions of ourselves will have the answers is crucial. In essence, the key takeaway is that life and real estate investing require embracing uncertainty and trusting that we'll figure things out along the way. It's important not to get caught up in the details of potential problems before they even happen. Instead, we should focus on adapting and learning from our experiences.
The power of finishing projects and not giving up: Evaluate true desires, break free from limiting identities, be self-aware, adopt a positive mindset, and understand beliefs shape reality
Having a mindset of finishing projects and not giving up is crucial for success in various aspects of life. This mindset can translate into other areas and contribute to developing a strong identity. It's essential to evaluate what we truly want and not be tied to limiting identities. Additionally, our beliefs shape our reality, and it's essential to be aware of the stories we tell ourselves and the perspectives we choose to adopt. The conversation highlighted the importance of self-awareness, growth, and the power of adopting a positive and determined mindset.
Perception of abilities and limitations: Recognize that our self-perceptions may not be accurate and invest in personal and business growth to overcome perceived limitations.
Our perception of someone's abilities or our own limitations can greatly impact how we feel and what actions we take. Brandon Turner, for example, is perceived as both a bad and a good communicator, depending on the perspective of the listener. Similarly, someone may believe they are not good at math or public speaking, but these perceived weaknesses can be turned into strengths through self-awareness, finding help, and investing in personal and business growth. It's essential to recognize that our self-perceptions may not be accurate and that we have the power to improve ourselves and overcome perceived limitations. Additionally, investing in personal and business growth can help us turn perceived weaknesses into strengths and move forward in our goals.
Living Frugally to Invest Back into Business: Successful individuals continuously seek opportunities to learn, adapt, and collaborate. Britt Artison shares her experiences of living frugally to save money and invest in her business, emphasizes the importance of having a strong mindset, and focuses on her next chapter of collaborating with friends in commercial real estate.
Successful individuals, like Britt Artison, continuously seek opportunities to learn, adapt, and collaborate. Britt shared her experiences of living frugally, from van hacking to Prius camping, to save money and invest back into her business. She also emphasized the importance of having a strong mindset and thinking bigger sooner. Britt is now focusing on her next chapter, which involves collaborating with friends in the commercial real estate industry and helping them raise capital. Her brand and reputation have enabled her to play a key role in their success. Britt's favorite real estate-related book is "Crushing It in Apartments and Commercial Real Estate" by Brian Murray, and her favorite business book is "Who Not How" by Dan Sullivan and Bo Eason. These resources have significantly impacted her entrepreneurial journey. To learn more about Britt and her commercial real estate course, visit her website at brittartison.com.
Mindset is crucial for real estate investing success: Stay focused, consistent, adapt to new platforms, and never give up to achieve success in real estate investing.
Having the right mindset is crucial for successful real estate investing. This was a recurring theme in the conversation between Brittney Artéson, Ben Hardy, Dan Sullivan, and Brandon Turner. They discussed the importance of staying focused, being consistent, and adapting to new platforms like Instagram and TikTok. Brittney shared her experience of falling behind but then pulling ahead, emphasizing the importance of not giving up. The group also touched on the idea of expanding their reach by interviewing successful real estate investors on a podcast focused on mindset. Overall, the conversation underscored the importance of staying positive, persistent, and open to new opportunities in real estate investing.
Connect with expert local agents for free through BiggerPockets.com/deals: Use BiggerPockets.com/deals to find expert local agents for free and navigate the real estate investment process with confidence
BiggerPockets.com/deals offers a free resource for those looking to invest in real estate by connecting them with investor-friendly local agents. By entering some details about what and where you want to buy, you can instantly be matched with an expert who can help navigate neighborhoods, analyze numbers, and build confidence in making a successful investment. Remember, past performance is not indicative of future results, and it's essential to consult with qualified advisors before investing. BiggerPockets.com/deals is a valuable tool for those on the path to financial freedom, but always keep in mind that investing involves risk and only risk capital you can afford to lose.
