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Disruptors

What Real Estate Investors Get Wrong And How It’s Costing Them Everything

Disruptors

Steve Trang

Business, Investing, Careers

4.9742 Ratings

🗓️ 17 September 2024

⏱️ 78 minutes

🧾️ Download transcript

Summary

On this episode of Disruptors, we’re thrilled to have Brent Daniels from TalkToPeople.com back with us— a powerhouse in the Phoenix real estate market, and he’s to reveal the critical mistakes real estate investors make that cost them everything. What Real Estate Investors Get Wrong And How It’s Costing Them Everything | Video Replay What Real Estate Investors Get Wrong And How It’s Costing Them Everything To Close More Sales Faster: closemoresales.com/salesmasterclass MOTIVATED LEADSGet a $300 Credit When You Mention STEVE TRANG when you contact us.https://www.motivatedleads.com/ What Real Estate Investors Get Wrong And How It’s Costing Them Everything Brent Daniels | TalkToPeoplehttps://www.talktopeople.com/ Instagram: https://www.instagram.com/realbrentdaniels YouTube: www.youtube.com/@BrentDanielsTTP Brent Daniels, founder of Talk To People, champions a hands-on, action-focused approach to real estate wholesaling. While working as a real estate agent in Phoenix, Arizona, Brent stumbled upon the wholesaling process during a property listing, which led him to make a significant career pivot. He honed the skill of sourcing discounted properties and assigning contracts to investors, transforming his career. Now, Brent operates a multi-million dollar wholesaling business and helps others achieve success, whether they’re pursuing their first deal or their hundredth. What Real Estate Investors Get Wrong And How It’s Costing Them Everything | Takeaways 1. Build a “cash machine” first before investing in rentals 2. Master the fundamentals before hiring VAs or tools 3. Prioritize properties with appreciation potential and good property management 4. Understand your “financial thermostat” and its impact 5. Take a conservative, long-term approach to profitability Get 10% OFF on InvestorLift. Use promo code DISRUPTORS. Earn MORE in wholesaling—FAST! https://get.investorlift.com/disruptors/ Share this with someone who would value this information. 👉 For more excellent free content! Subscribe to Our YouTube Channel https://www.youtube.com/RealEstateDisruptors Schedule a free call with our Millionaire Advocates to discuss your situation and receive personalized advice. https://rb.gy/e0cqfh Get Connected https://tap.bio/@stevetrang Follow Us on iTunes/Apple Podcast and Leave a ⭐️⭐️⭐️⭐️⭐️ Review Disruptors https://podcasts.apple.com/ph/podcast/real-estate-disruptors/id1386400008 Spotify https://open.spotify.com/show/7G54paZF7C28VF6l2hLCvl?si=cxHATrYLQ6Ws7kgtWonuXQ https://open.spotify.com/show/7G54paZF7C28VF6l2hLCvl?si=MS-x88vlRNiidB8NpV_2cw Take Your Sales Team To The Next Level! Learn more about our Sales Training, Workshop, and Mentorship!  www.closemoresales.com Text LEADERS to 33777 Disruptors Sales Leadership Training 2.0 + Culture + Leadership + Processes disruptors.com/success Disruptors Sales Masterclass Create a Recession-Proof Business That Thrives in any Market Condition https://www.disruptors.com/salesdisruptors☎️ Join our Sales Community NOW!https://www.salesdisruptors.com/ Struggling? We’re here to help. Schedule a call with us! https://rb.gy/e0cqfh Want to Work with Us? We’re looking for people who want to invest in real estate. If this is you, go to www.teamwithsteve.com. LOOKING FOR A NEW CAREER? DISRUPTORS IS HIRING! Want to work with us? https://www.disruptorsjobs.com/ Get 10% OFF on InvestorLift. Use promo code DISRUPTORS. Earn MORE in wholesaling—FAST! https://get.investorlift.com/disruptors/ Helpful Links Buy our Perfect Seller Appointment Checklist. https://www.disruptors.com/checklist Want to close more deals without spending any more money? Go to 👉https://www.disruptors.com. Please give us a follow on Instagram: https://www.instagram.com/steve.trang TikTok: https://www.tiktok.com/@stevetrang Facebook: https://www.facebook.com/stevetrang Twitter: https://www.twitter.com/stevetrang Visit: https://web.disruptors.com/erc www.agentinvestors.com/red www.joinreal.com steve@closemoresales.com Text me at 480-637-2313 Real Estate Resources Please find out more about wholesaling by joining our movement at https://l9aljqz8k7.wpdns.site. Join Our Private FB Group. https://www.facebook.com/groups/realestatedisruptors/ Real Estate Resources: https://www.disruptors.com/tools About Steve Trang Steve Trang’s mission is to create 100 Millionaires. Why 100 Millionaires? Steve saw that assisting someone become a millionaire by building their business is a key measurable to helping them fulfill their dreams. People change and update their visions over time, but having the means to achieve them remains a necessity. Thus, creating millionaires means helping people live their dreams. To further this mission, Steve started the Real Estate Disruptors podcast in 2018 to inspire wholesalers and real estate agents to double their incomes by adding a second leg to their business — working together on investment properties. The podcast has grown to over 100,000 downloads per month and over 3 million YouTube views, with new guests sharing their success stories and imparting advice every week. As a sales coach, Steve has helped thousands of clients generate millions in sales over the past few years in a variety of industries. His Disruptors Selling System teaches salespeople to ethically work with customers to discover their true needs, and then craft a solution that works for the customer. One of Steve’s favorite quotes is from the great Zig Ziglar: “You can have everything in life you want if you will just help enough other people get what they want.” He heard this quote when he first got into real estate, and it has stuck with him throughout his entire career. In fact, it’s one of the core values Steve lives by. Steve is also a successful businessman. On top of owning single-family rentals, he also owns apartments, co-founded a bank, and is a part-owner of several other businesses. What Real Estate Investors Get Wrong And How It’s Costing Them Everything The post What Real Estate Investors Get Wrong And How It’s Costing Them Everything appeared first on Real Estate Disruptors.

Transcript

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0:00.0

The biggest issue that we run into is from the time we're zero to 12, that's what sets our financial thermostat.

0:06.9

In my life during that time, my dad adopted me when I was two, and my dad moved us when we were, I was nine to Australia.

0:13.9

And then we moved in junior high to get another bump up.

0:17.4

And so just leveling up during, during those those prime time years it was kind of like lower

0:21.7

income lower middle class that sets certain things in your brain when I got out of college and I

0:26.6

made $100,000 I was like oh my gosh that is a lot it took my dad so many years to make all this and

0:32.9

we just didn't talk about money we didn't talk about being an entrepreneur we didn't talk about

0:36.9

sales we didn't talk about these things and so I think it took me a while to be around

0:41.7

people that their financial thermostats were either forced or raised really high to be able

0:47.4

to understand, okay, wait a second. I need to buy asset. I need to be putting the money into these

0:53.0

things that are going to pay me for a long

0:55.2

period of time and think longer term and not just be so hand to mouth of it because you get to

1:00.7

that upper limit of your financial thermostat and you feel like I don't deserve it. I'm going to go

1:04.9

hire people. I'm going to go spend money on this marketing channel. And I think that's the problem

1:09.0

that real estate entrepreneurs have and it crushes them.

1:13.5

Everybody, welcome today's episode of Disruptors.

1:15.6

Today we have Brent Daniels with Talktopeople.com.

1:19.1

Back again.

1:20.1

If you don't know Brent, obviously a major,

1:22.0

major player in the Phoenix market.

1:24.1

And today we're talking about what real estate investors

1:25.6

get wrong and how it's costing them, everything.

...

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