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 82: Jeff Lobb | Don't Just Work Hard, Work Smart!
Episode 81: Glenn Sanford | Is this the FUTURE of Real Estate?
Episode 79: Andrew Barrocas | Accountability = Success!
Episode 78: Ryan Lundquist | The Value of Trusting the Market
Episode 77: Anita Dizon | Are You Bringing Value to Others?
Episode 76: Debra Trappen | Firing Up the Real Estate Industry
Episode 75: Brett Campbell | Are You Where You Want To Be In Life?
Episode 74: Nick Raithel | The Business Card No One Will Throw Away
Episode 73: Jorge Guerra Jr. | Consistency + Persistency = Opportunity
Episode 72: Steve Jolly | Where is the REAL Fortune in Real Estate?
Episode 71: Billy Ekofo | Treating Leads like People NOT Transactions
Episode 70: Josh Anderson | Getting Back to the Basics
Episode 69: Jake Stenziano & Gino Barbaro | Investing with a Passion
Episode 68: Christy Grossman | Training Your Assistant to Think Like You
Episode 67: Jay Thompson | All Things Zillow
Episode 66: Nelle Tatum | Big Data Now, Big Bucks Later!
Episode 65: Steve Kodad | Attracting a Buyer through Feng Shui
Episode 64: Katie Lance | Make Social Media about Connection NOT Perfection
Episode 63: Andrew Gavin | What Are YOU Doing to Make a Difference?
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Gorse Culture PODcast : The H.R. Detective Agency!
HCI Leadership Revolution
The Ramsey Show
Planet Money