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 62: Bill Crane | Are You Willing to Do What It Takes to be Successful?
Episode 61: Greg McDaniel & Matt Johnson | Podcasts & Snapchat & Facebook...OH MY!!
Episode 60: Tyler Sheff | Invest in the Gift That Keeps On Giving
Episode 59: Brian Pope | You Never Know Where Life Will Take You...
Episode 58: George Cuevas | Leading with Value!
Episode 57: Leigh Brown | More Than Houses
Episode 56: Joshua Smith | Be Intentional & Get Sh*t Done!
Episode 55: James Becker | Why 95% of Agents are Burnt Out After Only a Few Years...
Episode 54: Dean Jackson | FIVE Opportunities to MAXIMIZE your listings that you are NOT doing now!
Episode 53: Jim Fortin | The "Right" Brain Selling Approach!
Episode 52: Seth Price | Leveraging Digital Marketing for Ultimate Success!
Episode 51: From Chaos to Clarity Using Automation & Systems!
Episode 50: Ashley Haney | Not Everyone is a Good Fit...
Tristan Ahumada & Nick Baldwin | LabCoat Agent
Episode 49: Chris Smith | No Room for Excuses...
Episode 48: David Fresquez | I love Social Media!
Episode 47: Desiree Patno | Having Enough Self-Confidence to Grow Your Business
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!
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