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Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Having an Inaccurate Sense of Reality Can Stunt Your Growth

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Flipping Houses, Wholesaling Real Estate, Business, Investing, Rental Property, Real Estate, Real Estate Investing

2.5884 Ratings

🗓️ 16 November 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Do you have a clear sense of reality? We want to coach you at Wealthy Investor! Book a call with the team here - https://wealthyway.co/yt -- Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where Ryan goes over all the fundamentals of building wealth. https://www.wealthyway.com/ Would you like our team to help build your personal brand? Apply to join Pineda Media at https://wealthyway.co/rj9 Looking to grow in your faith and business? Join We...

Transcript

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0:00.0

How did you scale being a realtor?

0:02.0

Yeah, so I think that by definition a lot of being a realtor is a technician job.

0:08.0

Okay. So you are actively, you know, prospecting lead follow-up going appointments negotiate deals right uh-huh and it's

0:17.4

truthfully and I can understand why you believe that it's not that highest most valuable use of time because it's a low level opportunity in a sense.

0:26.0

I would propose that flipping if it's not done at scale is the same.

0:31.0

Because what happens is it's just a mechanism to raise cash.

0:34.1

Yeah and then the question is what do you do with the cash right so a lot of flippers

0:38.9

live off the flips. Yep. And they don't have any residual income.

0:43.0

And a lot of agents do the same thing, which is that if they learn how to sell real estate

0:48.0

and high volume, they can raise a lot of cash.

0:49.0

Like you can make a million bucks on real estate, like just doing onesies, right?

0:52.0

Yeah. At the same same time if they're not

0:53.9

forward thinking mhm and they're not recognizing hey this is a treadmill

0:57.8

there's no way off of this treadmill and they're not taking a meaningful portion of what they're

1:02.0

earning and investing into things

1:03.8

that pay them money, then they're going to fall into the same trap.

1:08.6

Right?

1:09.6

So I recognize two different things.

1:13.9

So my first calendar you're selling real estate,

1:15.3

I made 13,000 bucks.

1:17.5

So it's not something people would be on a podcast for.

1:20.6

They would not put you on a panel.

...

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