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BiggerPockets Real Estate Podcast

322: 3 Things Every Leader MUST Do to Scale with Ben Kinney

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 21 March 2019

⏱️ 84 minutes

🧾️ Download transcript

Summary

Today’s guest grew up poor, living in a cabin without power or running water. But now he controls millions of dollars in real estate, owns several companies, and leads one of the country’s top-producing sales teams. How did Ben Kinney pull that off? The story involves, of course, hard work and tenacity. It involves a book that shifted his mindset at just the right time. And most importantly, it involves teamwork. In this episode, Ben lays out the hiring process he used to build a real estate agent business. He talks about how he got used to rejection working as a “cable guy” and shares how YOU can find an off-market deal and start house hacking—without a lot of money out of pocket. Ben also details the seven goals that influenced his every decision and the three things every leader should do when growing his or her business. (Hint: “inspect what you expect.”) In the “Deal Deep Dive” segment, Ben tells us how he was able to buy a company for a hefty price by controlling the terms of the deal. He’s a big-picture guy, who will challenge you to think differently about real estate and business. If you feel held back by tasks you don’t enjoy, listen to this show for practical tips on how to delegate more effectively. Today’s episode will inspire you and help you invest more efficiently, so you can do what you love and watch your wealth grow. In This Episode We Cover: The amazing story behind how Ben got started selling homes Being recession proof Why he builds and buys businesses Using synergy to grow his RE empire What he looks for in a deal Why he likes to buy and hold instead of flip How big businessmen save on taxes What is the income triangle and how to flip it Finding great leaders as partners or employees Building an ecosystem to help find him deals Questions he asks new hires or partners to determine if they are the right ones The story about how he spent six days to find ONE hire Working only do things he enjoys And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Brandon’s Instagram BiggerPockets Facebook Page Pat Flynn’s Podcast The Real Estate Guys BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan David’s Instagram BiggerPockets Instagram Books Mentioned in this Show The Millionaire Real Estate Agent by Gary Keller Cashflow Quadrant by Robert Kiyosaki Rich Dad Poor Dad by Robert Kiyosaki Set for Life by Scott Trench Extreme Ownership by Jocko Willink Tax-Free Wealth by Tom Wheelwright The ONE Thing by Gary Keller and Jay Papasan Tweetable Topics: “I hate when people call me an entrepreneur and the reason is because 98% so-called entrepreneurs fail.” (Tweet This!) “Systems make the ordinary become extraordinary.” (Tweet This!) “People complicate things to justify their inactions.” (Tweet This!) “You can’t be chasing money because money runs too fast.” (Tweet This!) “Hire the things you don’t enjoy.” (Tweet This!) Connect with Ben Ben’s Personal Website Email Ben Ben’s Facebook Page Ben’s Twitter Profile Ben’s Training Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the BiggerPockets podcast show number 3.22.

0:05.0

I think there's hunters in the world and there's gathers or farmers.

0:09.0

I'm a hunter.

0:10.0

You need to set me out to kill something and then somebody else needs to process it so I can go

0:13.4

kill something else. Well immediately by doing that I went from 24 transactions

0:18.0

to 84 transactions. That took me from 150 or 200,000 a year to 500,000 a year in income.

0:25.0

You're listening to Bigger Pockets Radio,

0:27.6

simplifying real estate for investors large and small.

0:31.3

If you're here looking to learn about real estate investing without all the

0:34.4

height, you're in the right place. Stay tuned and be sure to join the millions of others who have

0:40.3

benefited from bigger pocketsPockets.com.

0:43.0

Your home for real estate investing online.

0:46.0

What's going on everyone? This is Brandon Turner,

0:48.0

host of the BiggerPockets Podcast

0:51.0

here with The Man in black, Mr David Green.

0:54.2

How you doing, buddy?

0:55.4

I'm doing fantastic, man.

0:56.6

I'm actually jazz.

0:57.6

We did one of the better or best podcast episodes

1:00.8

I think I've heard in a really long time.

1:02.9

I mean, every time I listen to this guy speak,

1:04.8

I walk away with inspiration

...

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