Mitch Stephen is a real estate investor, educator, and author of three books. I love his book entitled “My Life & 1,000 Houses: Failing Forward to Financial Freedom.” The term ‘failing forward’ is so true for all of us! We learn the most from our failures. We figure out what not to do, what doesn’t work for us personally, and how to do it better the next time. We are all striving to find our niche, the right track that will lead us to success. Mitch made an excellent point – so many people try to master every angle of this business from farms, to investments, to commercial real estate, or residential real estate, but you can’t have your hand in that many pots and expect not to get burned. You are much more likely to succeed if you find that ONE strategy that works the best for you, learn everything you can about it, and hit the ground the running.
For Mitch, that niche was owner financing. He shared his journey of failing as a landlord, but discovering the value and profit behind owner financing. He took a strategy he knew he liked and wanted to master, investedin a professional that was already succeeding at it, and learned everything he could so that he too could find success within his chosen niche.
There is always going to be someone that knows more than you or has already done what you are trying so desperately to accomplish. Instead of envying them, USE them! Take advantage of their knowledge! Invest in yourself by investing in them. Pay someone to help guide you. We are so busy trying to master every area of this business that we lose sight of the value of investing in our own strengths. Find out how to be like Mitch and chose a strategy, master it, and watch your business soar. It’s easier than you think. Take a listen and find out for yourself.
Show Features
Here are some of the key takeaways you get from this episode.
Show Links
Episode 46: Cheri Alguire | Do you feel like a dork on video?
Episode 45: Shannon Moore | Are you teaching your KIDS about Real Estate?
Episode 44: Steve Napolitan | Eliminate. Delegate, Automate, Prioritize..,. And CALL YOUR MOTHER!
Episode 43: Bill Crane | Making Clients More Than Facebook Friends
Episode 42: Marguerite Giguere | Is a Marguerite Convention Brewing?
Episode 41: Kevin Cooper | What are you getting done before 8am?
Episode 40: Samantha Tov | Warning, I'm Forever Changed.
Episode 39: Steve & Heather Ostrom | Don't Put Baby in the Corner...Or Can You?
Episode 38: Regina Brown | Facebook to Face Time
Episode 37: Sean Carpenter | Is Real Estate a NO Business...
Episode 36: Hoss Pratt | Are You "Getting Ready to...Get Ready?"
Episode 35: Matt Aitchison | How To Make A Successful Partnership WORK!
Episode 35: REAL ESTATE ROUND TABLE [Vince Scuncio, Marguerite Crespillo, Beef Wellington]
Episode 34: Evangeline Scott | Super Woman! Run Your Business Like A Business!
Episode 33: Brent Gove | How to Make $1,700 PER HOUR in Real Estate!
Episode 32: Noah Mandel | Bigger Result with Less Work!
Episode 31: Rachel Adams | A Super Star on the Rise!
Episode 30: Amanda Todd | Get Up, Dress Up and Show Up!
Episode 28: Jesse Garcia | Love Hate Relationship with Numbers
Episode 29: Bob Burg | You Just Have to Ask...
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