Episode 30 Welby Accely

 

The real estate industry is the best place for dreamers, provided they know what it takes to fulfil their dreams. It's one thing to be attracted to the sheen, but another to dive into the industry with a zest to win + succeed. In a career that saw him fail multiple times, give in to losses, and experience mental and financial crises, Welby Accely saw the real estate industry clearly enough to know what it takes to stand strong.

 

In this episode of Success Leaves Clues, join me as I interview Welby, a passionate real estate investor and mentor. Welby describes his entry into the world, the financial and mental challenges experienced, and the impeccable lessons he learned from his time in it. You'll learn the scary, rewarding, and uncertain sides of real estate and see why there's no shortcut to learning in a profession like it. And when deciding to choose your mentor, know that there's a difference between theory and real-life application. Learn from someone who knows the trade well. Listen to the episode now to learn it all!

 

Shoutout to our Sponsor, Morgan and Co.: https://www.morganandcorealty.com

 

 

Success Clues From Today's Episode

 

●     Resilience – Get back up after every failure. Welby didn’t give up, despite falling thrice.

●     Get over your fear – it paralyzes you, holds you back. Press forward even if you know you’re scared.

●     Find a mentor who knows the ins and outs of the game well. It would save you a lot of time and help you find success sooner than if you were to do it alone.

 

 

About Welby!

 

Welby Accely is a Real Estate Investor and Mentor who’s flipped over a 100 homes in the last 4 years and used the profits to buy rentals for passive income

 

Connect With Welby!

Instagram: https://www.instagram.com/atmybest197

 

 

Connect with Me!

Instagram: https://www.instagram.com/drkwashington/

Host: Dr. K

 

 

Time Stamps

 

[00:00] Sneak-peek into the episode

[00:43] Getting into the real estating industry drawing inspiration from his Godfather

[04:23] Financial freedom and the joy that comes with a profession like real estate

[05:59] Facing the scary side of real estate everyday and succeeding despite it

[06:56] Why Welby calls the subprime mortgage era to be “horrendous”: high interest rates, high closing fees, and just a lot of stress

[08:41] Realizing that cash flow is the ultimate goal of rental properties

[10:11] Losing his rental property to foreclosure + what he could have done right to prevent it from happening

[16:44] Fighting simultaneously for your life and pride as a real estate investor – how the journey looked like for Welby

[18:45] Irrespective of the root cause, the effects of the real estate business economy remains the same. Prepare yourself for the avalanche knowing it will come.

[22:06] Understanding the real estate game before diving headfirst into it

[24:27] What Welby learned by failing thrice in real estate and how he got back up after each fall

[25:11] Resiliency and the power of education in real estate – how to have the necessary skills in your arsenal always

[29:42] Understanding that there’s a difference between theory and application when it comes to any field, even real estate. You must make sure you’re learning from someone who knows their game thoroughly

[31:37] The slowdown experienced in the real estate business due to the pandemic and how things are building up for Welby now

[36:59] Asking for the compensation you’re worth in any job or business

[40:28] Success Clues from today's episode

 

 

KW Used: real estate industry, Fix and Flip, real estate investor

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