GRIT: The Real Estate Growth Mindset
Business
When he was six, Rod Khleif and his family migrated from Holland and settled in Denver. They didn’t have much growing up. To put food on the table, his mother worked as a housemaid and did babysitting on the side. But his mom had an incredible work ethic and was a bit of an entrepreneur as well. With the money she earned from babysitting, she bought the house across the street from where they were living. Three years later, his mom was able to sell that house and make a $20,000 profit. He remembered his mom telling him that she made $20,000 in her sleep. This sparked his interest in real estate investing.
In his third year of being a real estate broker, he met a guy who taught him that up to 90% of our success in anything is our mindset and psychology. This thought led him to 10x his income that year. In 2006, his net worth shot up to $17 million - while he slept.
But all that changed when the market crashed in 2008 when he lost a staggering $50 million. His net worth dropped by more than 70% and he felt he had to throw in the towel. This painful yet valuable lesson reminded him that the key to recovering from his losses was to work on his mindset.
Today, Rod Khleif is an accomplished entrepreneur, real estate investor, author, mentor, and community philanthropist who is passionate about business, life, success, and giving back. He is also the host of the top-ranked iTunes real estate podcast: The Lifetime Cash Flow Through Real Estate Investing where he advocates creating lifetime cash flow through multifamily properties.
Let’s hear from Rod as he shares his life’s journey and why real happiness cannot be achieved by having the life you always dreamed of but by giving back to those who truly need it.
Top Takeaways:
06:04 How Rod lost $50 million
06:55 What makes cash flow so important?
10:18 The importance of failing your way to success
13:30 How being accountable for yourself helps you to move forward
15:32 Why you need to build cash flow other than real estate sales
16:56 Rod’s thoughts on Airbnb
22:24 The difference in investing in multi-family properties vs. single-family homes and other asset classes
24:50 How Tony Robbins influenced Rod
26:12 A step by step guide to Rod’s goal-setting strategy
32:07 The core emotion you need to get what you want in life
38:56 Why happiness comes from progress and growth
39:01 The biggest lesson Rod wants to share with the audience
To know more about Rod Khleif:
Visit his website: https://rodkhleif.com/
Listen to his podcast: Lifetime Cash Flow Through Real Estate Investing Rod Khleif
Join his Facebook Group: multifamilycommunity.com
You can also join his Multifamily Bootcamp which is happening from Dec 3rd to 5th, 2021. To get a special discount, text multifamily to 72345 with the code: rodfriend
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Episode 137: Peak Performance with UPGRD®: The Power of Mindset and Perception
Episode 136: How Speedy Offers Leverages Sisu for Streamlined Real Estate Operations
Episode 135: Why Quitting After a Market Crash Isn’t the Answer - With Ieasha Larkpor
EPISODE 134: Scaling Up With Beth Matthews: Four Offices, 40 Agents, and Countless Lessons
Episode 133: Automate and Achieve: Melanie Meier on Streamlining Real Estate Processes
Episode 132: Unlocking Success in Canadian Real Estate: Insights and Strategies with Kory Prince
Episode 131: Structuring Success: Systematic Approaches in Real Estate with Josh and Dani Hampton
Episode 130: Micheal St. Jean Shares The Key to Real Estate Success: Recruiting, Training, and Technology
Episode 129: Scaling Success in Real Estate: The Path to a Billion with Brett Jennings and Beth Lazar
Episode 128: Revolutionizing Real Estate: Unleashing the Power of Mindset and Client Experience with Zac Muir
Episode 127: How Leveraging Your Systems Can Double Your Business Every Year with Erin Catron and Heather Lens
Episode 126: The Next Evolution of the Traditional Brokerage with Winston Murray
Episode 125: Revolutionizing Rental Investing Through Technology with Johnny Wolff
Episode 124: Powerful Lessons From Surviving Cancer to Becoming an Elite Entrepreneur with Josh Cantwell
Episode 123: Building a Successful Team By Pouring Into People with Jake Rockwell
Episode 122: Using Technology to Get Back to the Human Side of Business with Justin Benson
Episode 121: Powering the Real Estate Industry Through Building Wealth with Brett Tanner
Episode 120: What it Takes to Become a Million-Dollar Listing Agent with James Harris
Episode 119: What it Means to be a Team-Centric Brokerage with Ron Rocz
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