Opening the Doors to Success in Real Estate Investing | TFPE 166

The Tom Ferry Podcast Experience

Tom Ferry

Education, Self-improvement, Business

4.8 • 1.1K Ratings

🗓️ 23 March 2022

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

It almost sounds like a fairy tale… A 19-year-old kid buys a dying business on credit, makes a profit on it, then uses all his earnings to invest in real estate. By the time he’s 33, he owns 700 units, lives a totally fulfilling life, and isn’t slowing down yet. This is my man, Eric Eickhof. He might be young, but he’s wise, hungry, and as seasoned as anyone in the investment game. This week, I sat down with Eric to discuss how he got started in investment real estate and how you could too. We talk about: Opening deals through creative conversation What to look for when you decide to buy Mistakes Eric made along the way Growing your portfolio in a market being eaten up by hedge funds This knowledge is invaluable to you, but when you boil it down, Eric’s main point here is to just act without fear. You’ll want to watch or listen immediately, and maybe even give this to your teenager or 20-something kids.

Transcript

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0:00.0	So here's the thing, entrepreneurs, leaders, salespeople.
0:06.0	We all want to create consistent, repeatable, and scalable ways to grow our business and
0:10.1	our income.
0:11.1	And we want to do it better, faster, and more seamlessly.
0:14.2	Why?
0:15.2	So we can actually enjoy our lives, take vacations, and spend the quality time we want with
0:19.2	the people that we love.
0:20.7	How do we do all this without spending a fortune or running ourselves ragged?
0:25.0	That's the big question, and this show is dedicated to the answer.
0:28.3	Hey, welcome back to my podcast.
0:30.1	You've heard me talk about before that I'm an investor in tens and tens and tens of real
0:34.5	estate tech companies, prop tech companies, other interesting businesses, a wine and
0:38.4	skill, a spurious company, all kinds of wild stuff.
0:41.4	Today I'm introducing you to a client and a friend who I'm now doing syndication deals
0:46.2	with.
0:47.2	I'm telling you this as a public service analyst would let you know straight up front
0:50.0	that I'm super enamored by this guy and thrilled to be his business partner.
0:54.2	So listen up, you don't have to invest in the deal, but I always got to be transparent
0:57.4	with you.
0:58.4	So enjoy the show.
1:00.6	So Eric, welcome to the show, man.
1:02.2	Thank you.
	...

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