San Diego Real Estate Video Blog with Joe Mendoza

A Story of Investing Success

My special guest, Hector Padilla, is here today to share his story about how he went from washing dishes to being a multimillionaire real estate investor.

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Hector Padilla, my guest today is a great friend of mine in the multifamily commercial investing business. Since I met him in 2004, I have watched him accumulate massive amounts of property.

Today I want to share some of his story and discuss how he got from washing dishes to accumulating over $86 million worth of property. I have provided timestamps for you below so that you can jump to whatever topics you like throughout the video above.

1:05—Hector’s humble beginnings as a dishwasher.
2:20—The drive to succeed is driven by your circle of influence.
4:20—The value of hiring a coach: exponential growth.
7:40—Think about your ideal lifestyle; how much will it cost you?
11:55—Making lots of money is not the same thing as creating wealth.
13:35—Don’t hold yourself back by assuming that you don’t need to grow.
15:30—Focus on what you’re good at. If real estate isn’t your skill, consider partnering with an acquisition firm in a joint venture.
17:00—If you are thinking about making a sudden career change: read “Pivot” by Adam Markel.
18:50—Details about Hector’s free webinar wherein he tells more of his story and how he works with funding partners and private investors to find deals.
20:20—Rude awakenings as motivation.
22:00—Don’t give in to the victim mentality. Excuses are not crutches.
25:00—Success in real estate and wealth creation is hard work.
26:35— “If it’s meant to be, it’s up to me.”

I really appreciate the time Hector took to have this discussion with me and the insight to success that his story provides. If you have any questions about buying, selling, or investing in real estate, you are absolutely encouraged to reach out to us. We can discuss your goals and talk about what we can bring to the table in order to make them happen.

How the SWOT Formula Can Boost Your Business

To stay ahead in your business, you’ve got to constantly adapt. Today I’d like to talk about how the SWOT formula can help you do just that.

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What is the SWOT formula and how does it relate to your real estate career or your investing business? SWOT is actually an acronym describing different concepts that are important to the success of your business.

“S” stands for strengths. What are your strengths? Whether you’re a pro at marketing or a great salesperson, it’s important to hone in on your skills in order to do well in your business.

“W” stands for weaknesses. What are your weaknesses? If you’re investing too much energy into focusing on your weaknesses, you could be taking critical attention away from your strengths. When you know what your weaknesses are, it can be helpful to hire others to make up where you lack.

You must constantly innovate and improve in your business if you don’t want to be left behind.

“O” stands for opportunities. What opportunities are you missing out on? If you see an opportunity, seize it. When markets shift, you must adapt and overcome. If you aren’t doing this, you’ll be lost in the shuffle.

“T” stands for threats. What threats are you facing? If you aren’t adapting and overcoming, your competition may pose a major threat to your business. You must constantly innovate and improve if you don’t want to be left behind.

Following and thinking critically about the SWOT formula can greatly improve your business. If you pay attention to each of the concepts and questions we went over today, I promise you’ll go further, faster in your career.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

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Joe Mendoza has been involved in real estate for over 20 years. He has been a Real Estate Broker, Investor, Consultant, Advisor, Mentor, Managing Partner, Acquisitions Manager, and a Nationwide Coach. At present, he is President of the Joe Mendoza Team, Inc. San Diego, California. Mr. Mendoza also is an Executive Real Estate and Business Coach for Tom Ferry Your Coach, based in Newport Beach, CA.

Mr. Mendoza has a long track record of success. While at Prudential California Realty, he ranked as high as the Top 1% in the nation and was number 7 in all of San Diego County. He built a team of 2 full-time employees and 5 licensed associate agents.

Joe Mendoza
CA BRE # 01234540
Katcam Real Estate
100 E. San Marcos Boulevard, Suite 400
San Marcos, CA 92069
Toll-Free 24/7: 877-794-5227
Direct: 619-246-4663
joe@joemendoza.com
JoeMendozaTeam.com

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What our clients have to say

"Joe is very professional, works efficiently is a great communicator. Joe came ready with a ton of information that helped us make a decision. He was also the first one to respond to our needs. Joe is very helpful, knows his stuff and it was a pleasure working with him."

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"As a first time home buyer, I was very lucky to have Joe on my side and walking me through the whole process. He was great at explaining everything, patient, prompt with responses, and great at negotiating through any obstacles that came up along the way. I would recommend him to anyone looking to get into the real estate market, or anyone who wants an agent who really cares about your plans, your goals, and most importantly your hard earned money that you're investing. Thanks Joe!"

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Mei -“He helped sell one of our homes and was able to sell it quickly, and we’re very happy with that result. He’s a pleasure to work with and he has been in the business for quite a long time, so he knows the ins and outs.”

Jeanette -“So, we were selling my home and at the same time we were looking for another home to move into. And he had to go through and put in a whole bunch of bids to different homes. Every time we’d email him and say ‘Hey, can you look at this?’ or ‘Can you look at this?’ he was just patient, all over it. Going through and putting in the bids, talking to us about what his recommendations were, what he thought, and then he just really went above and beyond with that whole experience. He made it like a very seamless experience for us. He’s very down-to-earth, great work ethic, and he puts the customer first.”

Marle -“He’s been a high school friend so he's been our go-to person whether we’re selling or buying and we’ve been through several of those. He’s always been my husband and I’s go-to person. We don’t look anywhere else, he’s our realtor. He is always there the moment I text or call him. The response time is amazing. I don’t have to wait five minutes and he’s calling me back. He’s always above and beyond. There’s never a time I’m waiting for him. Joe is very reliable and he will do anything and everything for his clients.”

Evelyn -“I want to let you know that Joe Mendoza is such a wonderful agent. He is so pleasant and so knowledgeable. If you call him or text him or send him an email he will respond right away. He is such an asset to the real estate business.”

Andy -“He went above and beyond in 2000. In 2000, one of his first home sales mine. I was one of his first clients and he actually sacrificed, maybe I shouldn’t say this, because he actually sacrificed some of his commission to ensure that I was happy. I had a termite infested pergola, like a backyard patio, and we didn’t catch it during the sale and inspection. And so I complained about it and he actually, to keep me happy as a client, he actually refunded me part of his commission. And at the time it was $500, I thought that was a lot of money at the time and I was one of his first clients. After that incident, I felt bad I took money out of him as one of his first clients, but he kept the customer happy and I alway refer people to him, I said there’s no other realtors I would go to beyond him. I tell them that he’s honest, fair, he’s smart and he has the experience in a difficult challenging industry and they’re getting one of the best when they hire him on.”

Elliot -"I met Joe about 15 years ago. He was living in the same area as we were and I met him, he told me he was in the real estate business and he seemed like a very trusting individual. Well, we wanted to sell it (the house) quickly, so by the time I contacted him within two days we had the For Sale sign up. Offers started coming in, he listed very quickly. So, he moved very quickly. I would tell people he is very knowledgeable. He;s been in the business over 20 years, over 25 years I believe, but the main thing is he is very trustworthy. He’s always smiling and laughing so he’s a pleasure to be around as well."

Margaret -"Joe, would, one, actually listen when I had an issue or come up upon a situation that I haven’t had before in my short term experience as a realtor and he’s been a realtor for twenty years, plus. So, he listened, he understands, he also is a fantastic problem solver. He’s also very motivating. He always has words of encouragement and can guide you in the right way. Through his coaching, he has given me discipline with a schedule. He’s made me understand the value of offering an abundance of not only experience and information but customer care. I was previously focused on my education so I had a lot of knowledge about my area of expertise, but I didn’t know how to showcase that. So, Joe helped me find my path in marketing and how to network, and how to make phone calls, scripts, what to say, that way it showcased the value in the information that I was providing clients so that I can build that long term rapport. It’s not just a one-on-one transaction. We are trying to build relationships."

Liz -"He is always upbeat and always positive. He is direct without being very direct, you know what I mean? He does not beat around the bush and he delivers his message very nicely. He’s been valuable for my mindset and his positive attitude has definitely rubbed off on me. He;s helped me to look at the positives even when I am going through something that is difficult and that has really helped me tackle my business no matter what’s going on. I am keeping focused, keeping positive, and getting the job done. I’ve already recommended him to several colleagues of mine and I tell them that I can’t imagine not having him as a coach for the rest of my career. I feel like we’re a team and he has helped my business tremendously. So, since I have been in coaching with him my business has grown."

Sabrina Rodriguez -"It was an awesome experience. My husband and I were very pleased working with him. He was very efficient in finding homes for us to look at. Every time I would text him any little question, it could have been late or a weekend, and he was very prompt in responding. He was basically on call at all times with us. If anybody is looking for a good agent I would definitely recommend Joe."

Jonathan -"The results were great. We got our first home. It’s exactly what we wanted and in a great area. It’s something for me and my family, we can see ourselves grow in and it’s just what we needed so it’s perfect. We were looking to buy a house last year and when we reached out again he remembered our whole situation and he remembered the name of my daughter. He just makes you feel at peace and comfortable in a difficult situation. I think he’s a great guy and a great realtor and he’s going to continue his success."

Jennifer -"Oh, I got great results. I met him on a Sunday morning and he said, “I bet I can have this house sold by Tuesday,” and he did. He’s very personable. He really listens to me. He’s a great guy doing a great job. He is definitely in the right profession. He is a wonderful people person. My whole experience with him was like that and if I write that he is awesome in an email or something he writes right back, “Thanks so much!"

Luis -"Working with Joe and the team was great.I was able to meet with him on Friday, we put the house up for sale and by Sunday night we had several showings and two offers. He and his team were really on it as far as letting me know what’s going on and I liked everything being online. It was a good thing for me. It was great to sign the docs online for the most part. He and his team overall were great. Everyone has different responsibilities for the transaction and I think overall the communication was great."

Myron -"The results were exactly what my wife and I expected. He was very diligent and very thorough with explaining things that we were unaware of, but most importantly he was able to prioritize exactly what we wanted so the results were beyond what we expected. We needed an inspection and he was able to be at our place for the inspection for what I believe was a duration of three hours so that right there showed us that he was dedicated to making this experience complete and stress-free for us."

Jim -"We had to sell our home due to a divorce agreement and we were looking for a real estate agent. I heard of Joe from some of our friends so he was one of the agents that we interviewed. Eventually, we had him deal with both, the sale of the house and also the purchase of the house I am currently in. I was really upfront with him at the time and I told him exactly what we needed and he was able to come through. I was expecting at least three months of being on the market and we were in fact on the market for about two weeks before we got the first offer. That was pretty good for us!"