REI174: Mastering Mindset for Real Estate Success w/ John Plumstead

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 20 March 2023

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

Patrick Donley sits down with John Plumstead, who is a full-time real estate professional and owner of Gray Line Investments. They talk about what he learned from teaching at West Point’s Center for Enhanced Performance on how to develop and master a mindset for real estate success. How John set a goal to be on the Army football team and became captain of the team. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 06:34 - How John set a goal to be on the Army football team and became captain of the team. 20:45 - Why owning and operating an ice cream store provided a priceless education. 35:04 - Why having a little bit of a chip on your shoulder can be a good thing. 36:17 - Why he and his partner decided to focus on self-storage. 36:18 - What he learned about mindset and overcoming mental barriers while teaching at West Point’s Center for Enhanced Performance. 41:51 - What real estate books he would use to teach a West Point real estate class. 53:40 - What his goals are for his company, Gray Line Investments. 1:00:49 - What his top tips are for mastering a winning mindset. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Robert’s book The Everything Guide to House Hacking. The Book on Rental Property Investing by Brandon Turner. The 4-Hour Work Week by Tim Ferriss. The Dhandho Investor by Mohnish Pabrai. The Investor’s Guide to Growing Wealth in Self Storage by AJ Osborne. The Commercial Real Estate Playbook — John’s podcast. Rich Dad Poor Dad by Robert Kiyosaki. Richer, Wiser, Happier by William Green. Related episode: Listen to REI153: 1300 Units in 21 Months w/ Sultan of Storage, or watch the video. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Patrick (@jpatrickdonley): Twitter Connect with John: Twitter | LinkedIn | Website Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP. I grew up poor and on welfare. We were in a poor area of Michigan,
0:07.0	like poor county, and then we were the poor town in the county. And I felt like a poor kid.
0:11.1	I wanted to be in a financial position where I felt like I made it or I felt like I could control
0:17.0	my own financial destiny. That's how I got into real estate.
0:23.3	Hey, everybody. In today's episode, I sat down with John Plumstead to talk about what he learned
0:28.3	from teaching at West Point Center for Enhanced Performance on how to develop and master a
0:32.9	mindset for both personal and real estate success. You also learn about John's first real estate investments,
0:38.6	what books he would use to teach a class on real estate, why running an ice cream shop was invaluable,
0:43.6	and why his company decided to focus on self-storage after initial success as single-family investors.
0:49.3	John is a full-time real estate professional and owner of Grey Line investments. He started from
0:53.8	humble beginnings
0:54.5	in Honor Michigan and was given the opportunity to walk on to the Army football team at West Point in 2005.
1:01.0	Four years later, he was a full-time starter and team captain. John commissioned as a field artillery
1:06.0	officer in 2009 and completed one successful tour of duty in Afghanistan before excelling as a recruiting
1:12.4	commander and instructor. During that time, he also acquired a postgraduate degree in performance
1:17.3	psychology and then returned to West Point where he taught and mentored cadets for four years.
1:22.3	The chance to interview John was a real treat for me and I loved hearing about his West
1:25.9	Point football experience and what it was
1:27.8	like to teach cadets high performance habits. John's got a fascinating story and an amazing background
1:33.0	and I hope you guys enjoy this episode as much as I did. And so without further delay, let's jump
1:38.7	into this week's episode with John Plumstead.
1:49.7	You are listening to Real Estate 101 by the Investors Podcast Network,
	...

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