06.01.2020 - By Vee Khuu
Resources:· Kyle Marcotte https://kylemarcotte.com/ · LinkedIn: https://www.linkedin.com/in/kyle-marcotte/ · Facebook https://www.facebook.com/kyle.marcotte.52 · Instagram https://www.instagram.com/kylemarcotte9/ · Email: [email protected] · Crushing it in Apartments https://www.amazon.com/Crushing-Apartments-Commercial-Real-Estate-ebook/dp/B01N6DKA10 · Shopify https://www.shopify.com/ · Rich Dad Poor Dad https://richdadeducation.com/Country/ · Gary Vee https://twitter.com/garyvee · Tony Robbins https://twitter.com/tonyrobbins . Details Show Notes: https://realestatelab.live/ep-31-kyle-marcotte-dont-just-sit-there-how-he-built-a-5-5m-portfolio-at-21/
Outline of the Episode:· [03:30] Kyle’s favorite striker in soccer. · [04:11] How he decided that real estate was the best route for him as a sophomore at UC Davis. · [06:39] His process of educating himself first through books and podcasts before going to local meetups. · [08:40] Understanding the whole picture first before learning in detail. Everything in real estate is interrelated! · [09:46] The details of his first meetup and meeting Neil Bow as he was on his way to stardom in the real estate space. · [11:08] Being able to raise capital through finding partners and private equity at 20 years of age. · [12:53] Common objections that people say to a 20-year-old real estate investor and the hardest opposition. Never underestimate the power of authenticity and confidence! · [18:05] Limiting beliefs and his inspiration for defeating these thoughts. · [21:20] Having people that helped in key life moments and the effects of third party validation. · [22:25] Kyle’s mentor-ship program. Helping young people find what they really want in life through financial education. · [24:43] The costs and the things to expect from the program. How many clients does he manage? · [28:07] Internal and external metrics to look for on deals. · [30:24] Defining conservative underwriting at this time of uncertainty. · [33:06] The lesson he learned from sports that transferred to real estate: focusing on helping. Life is not about you; it’s service rather than significance! · [35:05] Biggest challenge: staying inside all day as an extremely active person. · [35:57] Kyle’s superpower of connecting emotionally. Support this show http://supporter.acast.com/the-real-estate-lab. Hosted on Acast. See acast.com/privacy for more information.