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Not talking real estate guru, coach, whatever, but just having a person you pay regularly to hold you accountable to your goals and to yourself helps pull you out of your life. We all talk about business, like work on your business not in your business work on your life, not in your life once in a while, and a performance coach helps you do that. Number three is, build through community, stay persistent and community. This is why BiggerPockets is so huge is because people get involved in BP and they start trying to build a real estate portfolio together.
I think it largely comes down to referral and who you know that knows you really well that would recommend it. I get a little kickback or a little recommendation.
So talk to people who have had experience with somebody, it can be a great way to find that person. Now, what kind of work you have to do ahead of time?
I have a list of, I actually made a fast easy loans online list because I was going to talk to a group of people about performance coaching and I made a list, but the main thing they do is he reframes my thoughts and calls me out of my crap is a good way to put it. Our conversations are me talking for 55 minutes and him asking questions for five of those, for five minutes in there.
And again, a lot of people are thinking, do I really need a coach? Remember Michael Jordan has a coach or had a coach.
I was trying to coach these people up all the time.
And he and his wife mediate all these very difficult conversations. By the time we actually had the conversation, it was ugly. Brandon:Real quick on that point, I would say, the performance coach thing I would say is more important than the accountability group, but if you can have both, get both. I guess the best analogy here, I used to play professional poker. And in the poker world, we had this term called leak. And when you stop making those mistakes, that the success compounds. David:I think another thing would be the leak we have between our ears, everyone in 2010 that was nervous to get started. How many hundreds of thousands of dollars did people lose not buying real estate before? It sounds like the key to a really successful performance coach is helping you garner insight into your whole entire life and really letting that permeate into your business, into your personal life and really help shift how you move forward and just approach again, not just your business, your personal life and everything rolled into one. And then the longer you do this, the less… We analyze properties, but we do it much more quickly and we are more comfortable with the variables that are involved. So people need to start there, in your personal life, where do you have leaks?
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I would say that that attitude will create an empowered mindset that will feel really good going into next year. J:And let me also say that episode with Ben Hardy was last week where to get a loan or two weeks ago, a couple of weeks ago was absolutely awesome. Going into 2021, people want to hear your best piece of advice, your best piece of motivation, whatever you got to really supercharge our community and each of the people in our community heading into 2021. David went into the clouds, and I mean that in a good way, the high level, big picture. Implement a management, I guess, operating system within your business this year, if you have not already. BiggerPockets is doing full implementation of EOS right now and it is payday loans in cincinnati ohio game-changing how much less work I do and how much more at peace I am about things, because I know everything is being handled by a system.
Carol:Gentlemen, thank you so much for all of your insight. As always, it is such a massive pleasure to chat with you both, and so looking forward to an amazing 2021 together for all of us in our community. David:Let me just tell you guys, thank you for doing this podcast.
If, if you love people, share this how to get credit with bad credit with them because real estate is business and business principles will absolutely improve your life.
For the first episode of 2021 we have David Greene from the BiggerPockets Real Estate Podcast! It took David years of trial and error to find out what really works in real estate, why most agents fizzle out in the first 5 years, and how to bounce his team members off of each other to generate more sales and higher commissions. David has strategies and advice not only for real estate agents, but also for business owners that want to build a business that has the ability to scale. Real estate agent or not, this is some great information that big and small businesses can take to heart and put into practice right away! David:The team structure helps you learn faster, gets you going quicker and can get you profitable much quicker. How awesome is it, that we can finally flip that old adage on his head. And although it was an amazing year for a lot of people, I know that 2021 has even more incredible things in store.
As real estate investors there are a lot of businesses out there that have tremendous synergy with our real estate investing, for example, contracting businesses or inspector businesses, appraisal businesses. Basically David runs a real estate sales team, a real estate agent sales team. We talk about real estate negotiation and how David and his team approach learning and improving negotiations with buyers and sellers. We talk about whether real estate investors should get their license in the first place and what personality traits really help ensure that somebody becomes a tremendous agent. We talk about whether starting a real estate brokerage team is the right business for you. And if you do decide virginia poor credit loans to become an agent, should you be focusing on serving investor buyers and sellers or retail buyers and sellers.
And the answer there may surprise you a little bit. David even tells us about how he and his team find clients and how they find deals. Carol:David got to tell you, it is so absolutely awesome to have you back. I know we had you on recently and that was only the tip of the iceberg of what you have in store for 2021. So we could not be more delighted to have you with us again today.
I feel like you guys have the hidden gem of personal loans in california BiggerPockets. This is like probably some of the most serious value that the entire company or website offers because business create so much opportunity to do all the other things that people come to BiggerPockets for. So almost a year and a half ago, please go back and check out that episode was absolutely fantastic. It is called Sold Every Real Estate Agents Guide to Building a Profitable Business. Sounds like it might be part one of a three-part series of books. So I want to write a book that would at least get off long term installment loans direct lenders the ground. At least get enough knowledge and confidence that you could tell your family with confidence. And really shorten that learning curve because I got my butt kicked trying to figure out this business without the mentorship myself.
And this payday loans in cincinnati ohio episode in general is, so many people think is even in the real estate industry, which is crazy to me, but so many people think being a real estate agent is an easy thing. Basically, you go out and you snap some pictures of you, have somebody else snap some pictures, you put stuff on the MLS, you get offers, you pick one of the offers, you get to closing. And as somebody that does real estate deals, Carol and I have done, what have we done? And so for the people that think, yeah, anybody can be an agent, anybody can do the job. They make deals faster and they put more money in your pocket. So what I tell people is when they say, should I get my license? So Carol and I have been doing this for a long time. And honestly, we are willing to give up profit to work with a great agent on the buyer side.
They pushed to get the total company or the closing attorney moving.
I believe the average person moves somewhere between six to nine years. That agent is your filter that you are viewing everything through.
So I feel like if we want to get more people building wealth through real estate, improving the experience they have with agents is a pretty important part of that process.
Often on this show, we talk about the value in creating these adjacent businesses to create these different streams of income that all play into each other, benefit ourselves, benefit our teams benefit the community in general. My admin had been on for three months, four months.