$100,000+ per Month Working 5 Hours per Week. Terry Thayer Shares How He Went From Contractor to Building a Real Estate Empire.

Disruptors

Steve Trang

Business, Investing, Careers

5 • 741 Ratings

🗓️ 4 February 2021

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Terry Thayer talks about starting off working for his dad, starting a construction company, and getting into flips and buy and holds. Lost everything in 2008, and started anew in 2012. Terry builds, flips, builds, and finally wholesales.

Video Replay of Interview with Terry Thayer

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SHOW NOTES

$100,000+ /mo Working 5 hrs/wk. Terry Thayer on How He Went From Contractor to Real Estate Empire

With Terry Thayer, TAB

February 3, 2021

About Terry Thayer

Terry Thayer is a recovered general contractor who used to burn the candle until it was a molten puddle of wax. He managed crews of carpenters, drywallers, plumbers, etc. and had to take up any slack they left behind. Until one time at a seminar he attended opened his eyes to the world of systems.

Terry promptly went home, fired his crews, and spent the next few months building a real estate business based heavily on systems. What he couldn’t find from someone else, he put his head down and figured out himself. Now he manages his business from afar, with a heavy emphasis on training and practicing for his employees. Even his hiring process is highly automated and systematized, reducing his time to hire a new employee to two hours.

Terry also created the TAB (The Absolute Best) Retreat, a networking and educational event for entrepreneurs looking to improve their businesses and their lives.

Connect with Terry on Instagram at @terrythayerii or Facebook at terrydthayerii. You can find more information on the TAB Retreat at www.tabretreat.com.

Show Notes

Terry shares his history with Steve about how he went from working 70-80 hour weeks to just 5 hours, and most of that is training with his employees. He explains his epiphany and development of systems which permit him to make six figures a month while only working less than a standard work day.

Top 5 Takeaways from Terry:

5. Life is too short to do everything yourself.

4. One of the best ways to find properties for sale is to ask neighbors in the area where you have a house. Often they can point you to a homeowner who may want to sell.

3. It’s OK to take a day off. You’re not weak if you do that, but have your systems in place so that your business can run with you not there. If you’re a one person shop,

Transcript

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0:00.0	Hey everybody. Thank you for joining us for today's episode of Real Estate Disruptor.
0:04.0	Today we have Terry Thayer with Tab Tribe and he flew in from Raleigh, North Carolina,
0:08.3	to talk about how he makes six figures per month, only working five hours per week, which is
0:13.7	absolutely ridiculous. If this is your first time tuning in, I am Steve Trang, founder of the
0:18.0	Offer Fast Homes app, the only MLS for off-market wholesale properties,
0:22.1	and I'm going to mention to create 100 millionaires.
0:24.2	One question I get a lot is how to become one of the 100 millionaires.
0:27.2	I'm not trying to sell you anything here.
0:29.2	This podcast alone is enough to help you become a millionaire in the next five to seven years.
0:33.2	Just take consistent action, and you will become one.
0:36.3	When you hear a nugget, please just type it in the comment section.
0:38.9	After the show, identify your single biggest takeaway and focus on just that for the next
0:43.4	seven days.
0:44.5	If you get value today, please tag your friend below, share this episode right now.
0:47.8	That way we can all grow together and this is a live show.
0:50.6	So please ask your questions for Terry to answer.
0:53.1	You ready?
0:53.7	I'm ready, man man let's do it
0:54.8	all right so first question is what got you into real estate birth from day one from day one
1:02.6	I just came out start flipping what else is that now it works I was a I was a contractor my dad
1:09.9	was a contractor carpenter so I grew up as a carpenter. Benin job sites my entire life, like literally my entire life. That's why I say birth jokingly. But yeah, I became my own contractor. You know, left my father when I was young. was about 20 21 22 years old and started doing
1:30.4	became my own business started my own business in 97 and then in 2002 I started flipping houses
	...

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