620: Ed Mylett Foresees Huge Opportunity for “Small Investors” in 2022
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 9 June 2022
⏱️ 68 minutes
🧾️ Download transcript
Summary
Ed Mylett knows the housing market. He’s participated in real estate investing for decades and has become wildly successful thanks to his tenacity, relationship-building skills, and creativity when getting deals done. But, funnily enough, Ed Mylett isn’t most well known for his real estate investor prowess—he’s known for his mindset-shifting, world-changing ideas when it comes to personal development, discipline, and entrepreneurship.
In Ed’s newest book, The Power of One More, he talks about the small tweak that anyone can make to become many multiples more successful. In essence, every extra push-up, cold call, and hug to your spouse or child is the exact thing that puts you above the rest. It’s not about putting in the effort, it’s about putting in more effort than the average person would. This not only applies heavily to real estate investing but to any goal we set.
David and Rob get the opportunity to talk to Ed about his book as well as his sentiment towards today’s housing market and what deals he’s doing in the background. You may be surprised to hear it, but Ed is incredibly bullish on real estate investing for a few good reasons. He gives a simple yet incredibly practical explanation for why this year is surprisingly the best time to get into real estate investing in a long time.
In This Episode We Cover:
How the power of “one more” can change everything about your life
Why committing to your standards is arguably more important than goal setting
How collective psychology is driving the market to new places (and how to escape its grasp!)
Why investors must start “evaluating their income streams” instead of just their properties
The “most crazy deal” Ed has ever done and why it’ll be a first of its kind
Building the confidence you need to accomplish your dreams and create a life you love
And So Much More!
Links from the Show
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
Check Out the “On The Market” Interview with J Scott
6 Things You’ll Need When Getting Into DIY Landlording
Start Landlording Smarter with Avail
The World’s Least-Followed Investment Advice (& How it Can Make You a Millionaire)
6 Empowering Strategies to Conquer a Paralyzing Fear of Failure
Books Mentioned in the Show
The Power of One More by Ed Mylett
Nothing Down by Robert Allen
Connect with Ed:
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Transcript
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| 0:00.0 | This is the Bigger Pockets Podcast Show 620. |
| 0:05.0 | I actually, I'm not telling you that I love when the market turns, but I kind of love when the market turns. |
| 0:10.0 | Because when the market turns like this, believe it or not, it allows the little guy to play at a very similar level as the big guy |
| 0:18.0 | because of their creativity and their flexibility for the little guy. |
| 0:22.0 | And so this is really a great time probably coming for those of you that are newer into the game, |
| 0:28.0 | smaller into the game, because a lot of these people you compete against for deals are going to go away |
| 0:33.0 | and they're not going to be as creative as you can be. |
| 0:35.0 | So I like this time for a lot of you. |
| 0:37.0 | What's going on everyone, my name is David Green. |
| 0:39.0 | I'm the host of the Bigger Pockets Real Estate Podcast, the show where we teach you how to build financial wealth through real estate, |
| 0:46.0 | ownership, investing, and knowledge. |
| 0:48.0 | We do this by bringing you on all kinds of cool people that have done the same thing that are ahead of the journey from where you may be |
| 0:54.0 | and that are experts in a specific market niche. |
| 0:58.0 | And today we have a very special show with an incredible guest, but even more so, an incredible human. |
| 1:03.0 | Today Rob and I are going to be interviewing Ed Mylett, who is a very successful business person, author, speaker, coach of professional athletes, |
| 1:12.0 | real estate investor. |
| 1:14.0 | And if you listen all the way to the end of the show, you will hear about his newest project, which is frankly mind blowing. |
| 1:20.0 | Joining me in my interview today is my co-host Rob Abisolo. Rob, what's going on my man? |
| 1:25.0 | What's up man? I feel like we were just graced by like business royalty with Ed. |
| 1:31.0 | It's one of those moments where I think to happen a few times on this podcast, |
| 1:35.0 | where you just forget that you're interviewing someone and you're like, uh-huh, |
| 1:38.0 | and then keep talking and then it's your turn and you're like, oh shoot. |
... |
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