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I get that feeling sometimes, have a lot of irons in the fire
break it down! Technique I used to use as a teacher with my students
make a list and assign importance numbers and look at what absolutely needs to get done
otherwise make sure the important stuff doesn't get forgotten because of the whirlwind, see The Four Disciplines of Execution by by Chris McChesney, Sean Covey and Jim Huling
Discussion about hiring a VA: create list of tasks, explained through videos and get VA to do the tasks
Will allow you to scale and focus on the important tasks, decisions making, you delegate the actual work so you can focus on the business itself, working on and not in the business
VA: stay at home parent, hired for several hours a week or from a foreign country
also to make time to experience and enjoy life, great resource: The E-Myth Revisited by Michael Gerber
Limiting beliefs - price of real estate I would look at |
it takes the same amount of effort: underwriting, due diligence, capital raise: you can bring on partners for the raise |
legal fees are similar |
easier to manage: elect a tenant superintendant, bring in PM company, 1 roof, 1 boiler, 1 parking lot to plow |
How do you push through: affirmations, take actions: look at bigger deals, surround yourself with greater numbers and create a solid legal and acounting team. |
Overall content with where I am at and what I have done with my life so far
Act faster on some deals
Start with commercial earlier
Start meditation earlier to help sharpen my focus
Travel more
relationship to the phone: many tools, work: text contractors and email property owners, entertainment, social media and time consuming |
system, there are no true emergency where I can do something, the person needed is the contractor and worst case scenario the fire marshal or an ambulance |
| I am available between 2-5pm Mo-Th for non emergencies
sometimes I crave the distraction, the stress, it is difficult to understand |
In this last interview we dive into the portfolio of a local architect - local to South Wester Ontario, Joseph Passa, who work on grass roofs and vertical forests. Nature and construction!
intro = at the core of any business endeavour, any role with responsibilities: you solve problems. It is no different with real estate
you buy problems, problem properties in CRE and residential: vacancy, under market rents and your business plan describes how you will be fixing them |
I was reprimanding my contractor recently for using the word nightmare. It is not a nightmare, it is a frozen pipe, how do we fix it in a sustainable way so it doesn't ever happen again |
| to solve problems you need an accurate perception of reality, no negativity or negative attitude
mindset & positivity of pbs= welcome pbs as opportunities to learn and improve one's skills. Becoming an expert at something means that you have faced and overcome most problems, what LPs look for in GP |
Glen's guest's idea of a project based on Glen's performance to get the family's buy-in
aspiration of leading a life of service: service to the tenants, to the investors...
work between 9-5 except emergency: put systems in place, some tenants are just bored
slow and steady wins the race | |
| qualify for the initial property with your current job |
| Find private lender to continue to grow |
| Refinance with a bank |
| Quit your job once you have replaced your income |
syndication | |
| educate yourself |
| join mastermind groups |
| invest alongside someone else to learn and build a trackrecord |
| talk to people around you that are interested in real estate |
| pull your resources together and take down larger deals as you keep growing |
From the publisher's feed
A community to level up your life!
We are dedicated to supporting entrepreneurs create value in our society: entrepreneurs who start or acquire businesses, real estate investors.
There…
Founder, The Real Estate Coaching Circle Mastermind
Supporting entrepreneurs' growth
https://calendly.com/boninaurelien/15min
http://www.therealestatecoachingcircle.com/the-mastermind-community.html