417: 9 Ways to Tweak Your Mindset So You Can Lock Down Deals with Brandon and David

11/15/20 • 54 min

1 Listener

Are you a new or aspiring real estate investor who hasn’t locked down your first deal? Or maybe you haven’t hit your personal goal or unit count yet. If so, you may need to tweak your mindset to reach new heights.

Brandon and David are back flying solo on this weekend’s episode to talk about the 9 mindset changes that make successful real estate investors, well, successful! You’ll hear them dive deep into each mindset change, with examples from their investing careers, and how they made the leap to change their mindsets for the better.

If you’re looking to cultivate a healthier relationship with real estate investing for the better, this is an excellent episode to take some notes!

Whether you’re brand new to investing or just looking to level-up your current portfolio, you’ll take away some important lessons on this weekend’s episode.

In This Episode We Cover:

Why many new investors haven’t done their first (or second) deal yet
Understanding the cost of inaction (and how it can work against you)
Focusing on the big picture without being bogged down with details
Building your investment criteria to know what you want
Turning “base hits” into “home runs”
“Running towards hard” and taking responsibility for doing the work
Thinking outside the box, regardless of your career, investor level, or experience
Gathering experience and keeping the momentum going
Using off-market techniques to get on-market deals (and vice versa!)
Letting go of expectations for your deals
And SO much more!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show417

Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’re looking to cultivate a healthier relationship with real estate investing for the better, this is an excellent episode to take some notes!

Whether you’re brand new to investing or just looking to level-up your current portfolio, you’ll take away some important lessons on this weekend’s episode.

In This Episode We Cover:

Why many new investors haven’t done their first (or second) deal yet
Understanding the cost of inaction (and how it can work against you)
Focusing on the big picture without being bogged down with details
Building your investment criteria to know what you want
Turning “base hits” into “home runs”
“Running towards hard” and taking responsibility for doing the work
Thinking outside the box, regardless of your career, investor level, or experience
Gathering experience and keeping the momentum going
Using off-market techniques to get on-market deals (and vice versa!)
Letting go of expectations for your deals
And SO much more!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show417

Learn more about your ad choices. Visit megaphone.fm/adchoices

Previous Episode

416: 29-Year Old Making Nearly $1M in Passive Real Estate Income (3 Years In!) with Matt Onofrio

Many investors look at commercial real estate as a high-risk, confusing, and sometimes scary way to invest. Our guest today shows us why this isn’t the case. In fact, he did a multi-million dollar deal in his first year in real estate!

Minnesota-based health care professional Matt Onofrio helps us break down the stigma behind big commercial deals. From financing, taxes, mentorships, and more, Matt shows how someone from a completely different field can thrive in real estate... even with no prior knowledge of the space.

You may want to bring a notepad and pen, as Matt walks us through advanced strategies such as reverse 1031 exchanges, seller carrying, cost segregations, and triple net leases. Whether you’re looking into commercial or residential real estate, this is a can’t-miss episode.

In This Episode We Cover:

Locking up your first deal with $0
How commercial real estate can not only be profitable, but safer than residential
The importance of your inner investor/mentor circle
Whether residential or commercial real estate works for your mindset
Offensive vs. Defensive real estate strategies
Creating income producing debt
Building your “vivid vision”
How coaching can take you from good to great
What spirit animal David, Brandon, and Matt are
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show416

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Next Episode

418: 14 Deals in 16 Months: How Alex Camacho Found his Mastery in Deal Finding

Alex Camacho has had quite an interesting career path, and he’s just getting started! From a bank teller, to the mortgage business, to property management, and even Airbnb arbitraging, Alex took his time in acquiring the skills to succeed in real estate.

In this episode, you’ll hear Alex talk about how he became successful at locking down deals, finding the “pain points” of sellers, and how to have empathy when closing. You’ll also hear how he analyzed over 5,000+ deals, leading him at one point to close on 8 deals in one month (seriously!)

You’ll hear Alex go through his off and on-market strategies, and how to steer clear of deals that won’t make the cut. In just 16 months on his own, he’s done 14 deals, some with six-figure profits (each), and how he’s using social media to get even more!

In This Episode We Cover:

The importance of apprenticeships in real estate
The art of saying “no” as you grow into your role
Why it’s crucial to surround yourself with high-level investors and entrepreneurs
How to get great at analyzing deals, so you can close on the best ones!
Using the “LAPS” funnel to drive leads and grow your portfolio
Finding the “pain points” sellers have, and how to empathize with them
Using social media as a tool, instead of a distraction
And SO much more!