540: Cop Salary to $300 Million in Real Estate w/ Whitney Sewell

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 5 December 2021

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

How do you build massive wealth while keeping your passions, family, faith, and bank account intact? Successful real estate investors will tell you the same thing: you need to automate and systematize to make time for it all, and they aren't kidding. Whitney Sewell was working as a cop when he got his start in real estate. Looking at his $35,000 salary, he realized that the long hours and tiresome, but enjoyable work, wouldn’t allow him financial freedom. Whitney wanted more time with his kids, his wife, and his beloved horses. So, he started attending every real estate conference he could go to, networking with anyone who owned any amount of real estate. He hired a performance coach, built a successful podcast, and flipped his limiting beliefs on their head, so he could tackle big deals. In only three years, Whitney built a real estate empire with over $300M assets under management. Part of his personal profits are donated to help adopted children and those who need adoptive parents. Whitney talks about how his faith and social goals have played a huge part in his real estate and how doing good must be the driving force behind wealth accumulation. In This Episode We Cover: Why it’s important to “overcommit” if you really want to succeed in real estate The “most dangerous book to reach on a beach” Why your network is your net worth and pushing yourself to connect with other like-minded investors Why wealth and faith don’t need to contradict each other Giving yourself the “thinking time” to spawn new, ingenious ideas Outsourcing and upgrading your business so you can make more while loving life And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Pro Membership - Use discount code: podcast21 BiggerPockets Blogs BiggerPockets Forums BiggerPockets Webinars BiggerPockets Real Estate Podcast BiggerPockets Books by Brandon Turner The Official BiggerPockets Facebook group BiggerPockets Podcast 401: Follow these Steps to Get People to Know, Like, and Trust You with Jordan Harbinger BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless Harley Davidson Straight Path Horses Website Click here to check the full show notes: https://www.biggerpockets.com/show540 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the bigger pockets podcast show 540 where we sit down with Whitney
0:05.5	Soule, a good buddy of mine, partner of mine on a couple deals.
0:09.6	And we go through a ton of really good stuff about the mindset needed to go
0:16.0	from cop salary to owning $300 million of real estate.
0:20.7	That and more coming up.
0:22.1	I came from no network.
0:23.5	None of my family can invest in real estate.
0:25.4	They know wealth whatsoever.
0:27.2	No wealthy friends.
0:28.9	And so when I started doing this and started trying to raise money,
0:31.9	I raised $250,000 on our first project.
0:34.5	And that was all from traveling to conferences and meeting with investors as hard as I could go.
0:38.8	By the next deal, I'm more than doubled that.
0:41.3	And by the next deal, I almost tripled that.
0:44.0	And then by the next deal, we were at like five to seven million.
0:47.4	And by the deal after that, I mean, now we're having, you know,
0:50.1	soft commits of 10 to 12 million in just a few hours.
0:57.4	What's going on?
0:57.9	Everyone is running turn our host of the bigger pockets podcast here with my co host,
1:01.1	Mr. David, not the only cop in the room.
1:03.4	Green. What's up, man?
1:04.8	Not bad.
	...

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