Behind the Beard | November 24, 2021

Something I'm Reading:

Just finished The EOS Life by Gino Wickman, in preparation for him coming on the BP Podcast soon. He’s the author of one of my favorite books, Traction - which Open Door Capital uses to run our business!

Something I Teach:

Let’s talk about hiring an assistant. If you have the ability to generate wealth for yourself (which, you all do) - having an assistant is a no brainer. But not just for the obvious reason of getting more done and getting the lower dollar-per-hour tasks of your plate. Hiring an assistant will help YOU naturally become a better leader. It’s like that you can learn how to swim by reading a book, or you can learn how to swim by jumping in the water.  And the fact that you can get an overseas assistant for less than $600 a month... its like jumping in the water with a life jacket. You aren’t going to drown, but you might just learn to swim.

Something I Photographed:

Each week I share a photo I snapped in the previous week. Sometimes serious. Sometimes random and funny. Maybe a selfie once in a while. Just because.

Nothing like some poolside putterball!

Something I'm Excited About:

THANKSGIVING! Of course 😉 Family time and some good food makes for a great day. Text me one thing your thankful for this year - I love celebrating with others.

Something I Can Answer:

Each week, I'll be answering one question from someone on my BehindTheBeard textletter! Want your question answered? Submit it by simply replying to this text!

Question 1:  “What are your tips to find good deals and investment properties in a sellers market?”

First, I think it’s vital that in a competitive market like today, you need to know your niche and know it better than anyone else. So be very specific on what you want. Duplex? Single family? Commercial ? Second, treat your marketing like a funnel. You need lots of leads, will need to analyze a lot, and will need to make a lot of offers. Third, you need to see value where others miss it. How can you turn a mediocre or bad deal into a good one? By doing steps 1 and 2, you’ll be better at this. And finally, 4th, understand your different financing options. The more “tools” in your “toolbox”, the more projects you can take on!

Question 2: “I have a family, work a full time job and am hustling to start investing in real estate on the side. Do you tips for work life balance at this stage in my journey?”

The short answer is - it’s hard, but it’s doable. Schedule everything. Do only the super vital things. You can build a great real estate portfolio with 30 minutes a day - if you are focused on only doing the high-value stuff like deal sourcing, analysis, and convos with sellers. Also - schedule everything, including family time. That helps me maintain balance!

Your Friend,

P.S. Have a question you want answered by me? Reply to this text with your question - I pick one to answer each week in Behind the Beard and do my best to reply to others directly via text.