The Investor Mindset - Name Your Number Show [$]

Latest Episodes:

E289: How to Start a Multifamily Business From Scratch (Encore) - Reed Goossens Jan 31, 2022

Show notes

So you want to start in real estate but don't know where to begin? Steven is joined by Reed Goossens, a real estate entrepreneur from Australia, and they dive into how you can get started in building a prolific business from scratch.

KEY TAKEAWAYS

If you focus on why you could fail... it's easy to then create excuses and reasons why NOT to take action.
Figure out what your step by step plan is from the beginning.
Find a mentor and work on yourself and your own brand because investors are going to invest in YOU as a person.
Be patient and realize that success is a process and journey that takes time. Being impatient can easily lead to failure.
Find a partner to work with who has experience already and offer them one of your skills or unique abilities that they don't necessarily have so you can be the strength in the area of their weakness.
Realise that you may need to let go of some control when your business scales up.
As a leader make sure that you have the right team in place and that they manage the business like it's their own.

Abut the Guest:

One of the biggest benefits of investing is commercial multifamily is economies of scale. However, this can be very tough if you don't have the right people, processes and systems in place though. We talk about this and how Reed came from Australia as an expat and grew a successful real estate business from scratch here in the US. For anyone wanting to start a real estate business this episode is a must for you.

In 2012, Reed quit his job in Australia and moved halfway across the globe to the US to change his life, and to chase a dream. With limited funds, no investing experience, and no credit, Reed went from purchasing a small duplex to growing his own real estate investing firm, Wildhorn Capital. Reed now syndicates large multi-million dollar deals across the US. He has also achieved financial freedom, and has taken control of life.

Reed is also the host of the successful podcast, Investing in the U.S., wherein he invites other distinguished real estate investors and entrepreneurs to speak with him about their success and help guide other investors who want to successfully invest in the U.S.! Reed is also a best-selling author with two books now on Amazon: Investing in the US – The Ultimate Guide to US Real Estate, & 10,000 Miles to the American Dream.

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E288: Smart Use of Leverage in Multifamily Real Estate (Encore) - Steven Pesavento Jan 27, 2022

Show notes

What is smart leverage? What does it mean, and why is it such a poor idea to use leverage in the stock market?

Listen as Stephen explains how Smart Leverage in Real Estate, especially in Multifamily, offers you control, that you can't find through Stocks or other forms of Paper investments. As an owner, you're in control of this property's destiny and therefore in control of your investment future.

Key Takeaways

Leverage SHOULD only be used when there is control
Why do we want to use Leverage? Why is this important?
How risky is it to Leverage in the stock market?
With Real Estate, the property you're buying is Leverage and can be controlled
One of the biggest ways to gain Leverage is by Education

RECOMMENDED BOOKS:

Increase Your Financial IQ - Robert Kiyosaki (https://amzn.to/2zxOLKF)

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E287: Avoiding Beginner Mistakes & Mastering Multifamily (Encore) - Gino Barbaro Jan 24, 2022

Show notes

Gino Barbaro and I dive into what it takes to become a master player in the multi-family game. We go into detail on topics such as: what mistakes beginner investors make, why you want to start investing, property management techniques, hiring staff, how to get a headstart and much more. This episode is PACKED full of incredible learnings from one of the investing legends.

KEY TAKEAWAYS

1. You have to look at everything from the investor's mindset. That means utilizing leverage, liquidity, and control.

2. Start with the "Why?". If you have reasons and clarity they will reap rewards.

3. When you're managing a property you need to be in constant contact with the management company. Weekly calls and "pulse" emails containing KPIs.

4. Every property should have its own management budget.

5. What are your core values? Use these when hiring staff, using vendors, and working with partners.

6. You need to know the market. Know the expenses, taxes, and operating costs.

7. Speak with community bankers and property managers to learn about the market and gain knowledge on the market and costs.

8. It's a "people business". Tenants leave due to bad customer service and bad landlords... not rent increases.

9. Turn into that fear and head into it, despite having it.

10. Challenge your limiting beliefs.

Resources Mentioned

Limitless by Jim Quick - https://www.limitlessbook.com/

The Go-Giver by Bob Burg - https://www.amazon.com/Go-Giver-Expanded-Little-Powerful-Business/dp/1591848288

Never Lose a Customer Again by Joey Coleman - https://www.amazon.com/Never-Lose-Customer-Again-Lifelong/dp/0735220034

Think and Grow Rich by Napoleon Hill - https://www.amazon.com/Think-Grow-Rich-Napoleon-Hill/dp/0449214923

Honeybee by Jake and Gino - https://jakeandgino.com/honeybee/

About Our Guest

Gino Barbaro is an investor, business owner, author, and entrepreneur. He has grown his real estate portfolio to over 1400 multifamily units. He is the co-founder of Jake & Gino, a multifamily real estate education company that offers coaching and training in real estate founded upon their proprietary framework of Buy Right, Manage Right & Finance Right.

He is the best-selling author of two books, Wheelbarrow Profits and Family, Food and the Friars, and graduated from IPEC (Institute for Professional Excellence in Coaching) where he earned his designation as a Certified Professional Coach. He currently resides in St. Augustine, Florida with his beautiful wife Julia and their six children.

https://jakeandgino.com/

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E286: What Leads to Massive Growth in Business and in Life (Encore) - Steven Pesavento Jan 20, 2022

Show notes

This is the big question: What leads to massive growth in business and in life? The answer is simple. First, we must understand how we are doing in our business and how we’re doing in our life. It’s through this self-discovery process and measurement that we see the solutions to making big change happen.

Key Takeaways:

You must figure out where you're at before you can figure out how you're going to get where you want to go
When building a business, it's important to figure out which areas of the business are strong and weak
Once you have established where you are weak, focus on obtaining the skills required to strengthen them
The most important part about education is actually APPLYING it.

Resources Mentioned

The REI Action Masterclass - https://investormindset.com/values/

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E285: How To Create Your Personal Success Plan (Encore) - Purdeep Sangha Jan 17, 2022

Show notes

Did you know that as a human your brain isn’t wired to help you reach success and happiness, but instead just to keep you alive? Purdeep Sangha has dedicated his life to studying emotional intelligence, and helping entrepreneurs and men find success and fulfillment through designing their life based on the emotions they want to feel.

Key Takeaways:

If you're going to do something, you have to go all-in. Give it everything you have.
You’ll be more apt and aware if the majority of your thoughts and decisions are based on unconscious thoughts and feelings.
Success is based on two things - Decisions and Actions
What happens in your personal life directly impacts the velocity of what's going to happen in your business life
Biggest challenges entrepreneurs are facing - INVESTING in Oneself and NOT Feeling Enough
Get insight, get help, and get mentorship before you actually need it
Why do you need to focus more on Emotional Intelligence than IQ

Resources Mentioned

The War of Art - Steven Pressfield (https://amzn.to/30UOZUg)

About our Guest:

Purdeep Sangha is widely known as “The Strategist For Men In Business” and teaches men how to become a Profit-Multiplying Powerhouse. His personal mission is to help men grow their businesses massively, increase their personal fulfillment in life and improve their relationships with their wives and kids.

Purdeep is the founder behind the movement #MenWhoWin, as well as “Men Who Are Mindful Alpha Males”. Before all of this he was a successful executive at multi-billion dollar organization before he walked into work one day and quit, cold turkey.

The son of immigrants, he has dedicated his life to living out the example they gave him in making the world a better place for his family, but also for as many people as he can. He says his personal motto is “to make the world a better place”.

https://purdeepsangha.com/podcast/

https://purdeepsangha.com/

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E284: Stay Hungry! The Key to Success and Fulfilling Your Potential (encore) - Brent Daniels Jan 13, 2022

Show notes

Ever landed in a bad spot and had no idea how to get out of it? (let’s say, $750k in debt with the market falling) If you’re ready to fulfill your potential and really see success then today’s episode with Brent Daniels is where you need to be. Jump in, take action!

Key Takeaways:

The most important part about education is applying it
If you're taking action every single day, it totally cuts through all the anxiety and stress
You take action, You get results - That's your Education
The right mindset about rejection and how to deal with it
Learn some of the biggest challenges that new investors and new wholesalers fall into
Discover some of Brent’s keystone habits that have led to this foundation for his success

RECOMMENDED BOOKS:

The Go-Giver, Bob Burg & John David Mann (https://amzn.to/34wNNJQ)
The Financial Matrix - Orrin Woodward (https://amzn.to/3caJ983)

About Our Guest:

Brent Daniels is a multi-million dollar real estate wholesaler based in Phoenix, Arizona. He’s the creator of TTP (Talk To People), a simple, low-cost, and incredibly effective telephone marketing program. Brent has personally coached over 1,000 wholesalers enrolled in his “Cold Calling Mastery” training, and has helped 10,000’s of others who listen to him host the Wholesaling Inc. podcast, watch his YouTube channel, and attend his live events.

Brent says that untapped potential is one of the worst things he could imagine, so his purpose every day is to make sure he reaches his own full potential.

https://www.youtube.com/channel/UC-6z7xoEAfF885Up9axEKKw

https://www.wholesalinginc.com/podcast/

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E283: Kicking the 3 Types of Fears (Encore) - Steven Pesavento Jan 10, 2022

Show notes

Fear shows up for ALL of us, and it can present itself in several different forms. If you’re like the rest of us, then you’ve probably been fooled by this fear in your own life: fooled into thinking that maybe you’re not able, or not worthy. Take just a minute today, join us. You’re not alone, and kicking that fear is actually much simpler than you may think!

Key Takeaways:

The three types of fear can be an anchor that could hold you down instead of moving forward in the right way
The Law of Polarity: If failure is possible, success is equally possible; you can flip those fears on their heads.
Write down what are some ways that fear is playing into your life and is holding you back so that you can find the clarity to move forward

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E282 - Passive Income Lifestyle (Encore) - Travis Watts Jan 06, 2022

Show notes

There is a difference between cash flow investing and true passive income and, like many other investors, In this encore presentation from our most downloaded episode, Travis Watts shares how he discovered several years into his career that he’d stepped into the wrong one and essentially just bought himself a job. Not many investors have a truly passive strategy, and if that’s what you’re looking for then today’s episode is for you!

Key Take-Aways:

You can always change your path if it’s not serving your true goal
Your definition of success will change over time
Don’t waste your energy on things that don’t bring you happiness

Recommended Book:

Tax-Free Wealth - Tom Wheelwright - https://amzn.to/38IQ7yn

About our Guest:

Travis Watts is a full-time passive real estate investor. He has been investing in real estate since 2009 in multi-family, single-family, and vacation rentals. Travis is also the Director of Investor Relations at Ashcroft Capital. Travis has invested in over 25 passive syndications between 14 different firms.

Travis now dedicates his time to educating others in the world of investing and has made it his mission to share passive investment strategies in order to help others achieve and maintain wealth in real estate. He’s driven by his optimistic excitement for the future and the knowledge that success is a moving target that he wants to continue following long-term.

travis@ashcroftcapital.com

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E281: The Biggest Mistake People Make That Kills Momentum - Steven Pesavento Jan 04, 2022

Show notes

In this encore presentation of episode 96, Steven discusses how to keep the momentum alive to help keep your business and yourself growing. He shares his secrets to keep moving forward to reach your success and freedom. It is much simpler than you think and you absolutely can do it!

Key Take-Aways:

Be careful of “playing defense” once you’ve hit some success
Keep confidence growing by doing the actions that are getting you the results you want
Start changing your thoughts and beliefs so that you can start changing the actions that you are taking every day in your business and life
You don’t have to lose your momentum!

Resources Mentioned

http://investormindset.com/action

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E280 - 2021: A Year In Review - Steven Pesavento Dec 30, 2021

Show notes

In the last episode of the year, Steven takes us through a review of some of the great things that the Investor Mindset and at VonFinch Capital have experienced in 2021. Discover the amount of change and growth that is able to happen within so many people's businesses and with our own simply by coming together and using some of the key strategies that we have talked about this past year.

Key Takeaways:

Steven’s 4 favorite MUST LISTEN to episodes from last year that you definitely want to go back to hear
The amount of growth at VonFinch Capital has experienced this past year
Steven’s mission is to help inspire and impact over a million people to live a better life through Real Estate
The best vehicle to create more freedom, flexibility, and fun is through investment in Real Estate

Previous Episodes Mentioned:

Raising Capital for Real Estate with Hunter Thompson - https://bit.ly/3FL4Wle

Winning Your Audience with John Lee Dumas - https://bit.ly/3ECWfru

Why You Need a Strong Vision of Where You Want to Be with Brandon Turner - https://bit.ly/3FGdv0i

Tax Facts You Need to Know with Tom Wheelwright - https://bit.ly/3HjdPmf

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