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.

Why Do Dabblers Get Destroyed?

Today I’ll explain why you should study and master the game to become a true business owner and investor instead of dabbling.

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Dabblers get destroyed.

What do I mean by that?

I started working in real estate 30 years ago when I was only 17 years old. I stayed the course and did really well. My success encouraged my friends and family to join, thinking it was easy. But it wasn’t.

How did I make it look so easy? I’m a firm believer that you must learn before you earn. You must master and study the game and then go for it fearlessly.

I got so good at real estate that Tom Ferry asked me to be a coach. So, I mastered, studied, and learned the coaching business and got really good at it.

Again, some people thought it was easy. They followed my lead and found out it was not easy.

Thanks to Robert Kiyosaki’s wisdom in “Rich Dad Poor Dad,” I learned about the cashflow quadrant. Most people are employees who attempt to break into the real estate business as either agents or fixer flippers. They remain in the “S” quadrant or self-employed quadrant.

I am here to invite you to explore the business and investment quadrant. Explore the idea of being a business owner and true investor.

What does it take to be either? Call me and I’ll go over this in more detail.

If you start thinking bigger and doing bigger things, then bigger, better things will happen for you.

You must move into that quadrant. Why? Who wants to work forever? Have you heard of the 40-40-40 plan? You work 40 hours a week, 40 years of your life, to live on 40% of your income. Who really wants that plan? Nowadays, some people can’t even survive 40 years in a job.

So, focus on massive, passive income. Let’s not get confused—I’m not leaving the real estate business.  The whole point of me sharing this is I’m looking to buy apartments and multi-units through my investment company. If the folks don’t want to sell to me on great terms such as seller financing, I will sell it for top dollar retail at my brokerage.

I am on a mission to help as many people including myself, my family, and my team to reach this quadrant with me. Pick up Robert Kiyosaki’s book, “Rich Dad Poor Dad” to learn more about the quadrants—it is phenomenal.

Don’t think I am moving in too many directions—it’s all real estate. Someone said, “Hey Joe, you can’t ride so many horses at once. You have to just ride one.” Try telling that to Elon Musk. Elon Musk has multiple companies: SpaceX, Tesla, and SolarCity. I have a long way to catch up to him. But, if you start thinking bigger and doing bigger things, then bigger, better things will happen for you and your family.

I want to help wonderful people who want to pursue the business and investment quadrant. Remember, dabblers get destroyed.

Give me a call or send me an email with any questions. You can also stop by my office and we can discuss this in more detail. I would be happy to help you!