Do You Need a Mentor?

What is your plan for your real estate career? If you are unsure, then you should step back and consider your end goal.

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Do you know your plan?

In real estate, whether you’re buying, selling, investing, or creating a family fortune, you need to know your plan to make that happen.

There are multiple directions you can take in real estate to get there: you can buy notes, do fix-and-flips, or you could be a Realtor. At the end of the day, figure out your end goal and what is required to meet it. 

If you don’t know your end goal, you are putting in a lot of time and effort to get… where? Do you want to create massive income or passive income? Both?

Too many people begin careers in real estate without creating or knowing their plans for success. I have been in the business for several decades, so I know the struggle. I am coaching, mentoring, and training people from across the nation. We are talking hundreds of units and sales per year. 

You might be good, but if you want to be great, you need to have clarity, purpose, and focus.

Sometimes, when you start off, you don’t actually know what you want to do. If you just go through the motions and grind through the days, you’ll probably get a little lost. At that point, it’s time to step back a little bit and reformulate. Figure out what you really want from your time and effort. You might even consider hiring a mentor like myself who will guide you and help you keep focus.

You might be good, but if you want to be great, you need to have clarity, purpose, and focus. That’s what a great coach or mentor will do for you.

If you have any questions or would like to speak with me about getting guidance in your real estate journey, feel free to reach out to me. I’m a real estate broker, an investor, an entrepreneur, and I’m here to help you.

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.