November 15, 2023

Something I’m Reading

I’m still reading through "$100M leads” by Alex Hormozi. Good sequel to $100M Offers, his first book. Great for anyone with an internet biz.

Something I Photographed

One of the highlights of my trip.. getting licked by one of these beautiful highland cows!

Something I’m Excited About

I’m really looking forward to the BetterLife Summit coming up on December 3rd in Las Vegas. I’ll be speaking and leading the goal setting workshop for 2024. Like I mentioned last week, Tim Tebow will also be on stage as one of our guest speakers. It’s going to be a great time and I’m really looking forward to seeing everyone. If you’re a tribe member and you haven’t gotten your ticket yet, there’s still time! BetterLifeSummit2023.com

Something I Can Answer

I’ll be answering two questions asked by a BTB subscriber. Have a question you want me to answer? Reply to this text with your question!

Question: "What traits do you look for in people when building your team?”

Having a great team is super important to the success of your business. Hiring someone who is capable for the role is the first step. Maybe they don’t have all the experience, but if have some along with a strong work ethic and they’re willing to learn, you can make it work. Culture is another piece of it. You want to be sure that you actually like the people you work with. When building my team, I'm on the lookout for people who not only fit the culture but enhance it. And for me, personally I love to hire self starters. I don’t like managing people so hiring people who can anticipate needs and take the initiative is huge.

Question: "With ODC, why did you opt for funds instead of individual syndications?”

That’s a great question. Most of the self storage or mobile home park deals that we buy are in the $5 million range so by working with a fund, we’ve got more financial firepower aka leverage. We can negotiate better terms, access larger deals, and capitalize on opportunities that might be out of reach with just an individual syndication. Funds also allow us to diversify and spread the money across different asset types and regions of the country while simultaneously lowering our risk by spreading it across different deals.

This Week in Lending

Considering a flip?

We have a Fix & Flip product that may be the answer to help you create an incredible deal.

We can finance up to 85% of your total costs (70-85% of the purchase price + 100% of your renovation budget). We can close a loan in 7 days. Our draw process is easy, quick, and 100% virtual.

Want more info? Check it out at betterliferef.com/fix-flip

Something I Recommend

I was always envious of the people who are “ON” 100% of the time.  The people who don’t deal with low motivation, doubt, fear of failure, or those endless days of thinking your whole entrepreneurial journey is about to blow up in your face.  These people were running circles around me in business and real estate and when I finally figured out what they had that I didn’t – It all made sense. 

These people were using a Mindset Coach to keep their eye on the prize and expose them to a higher level of thinking every single day. So when I went to find one of these coaches specifically for real estate investors, all roads lead to Jason Drees. Jason has been coaching me for nearly a decade at this point and has supported my growth from a small time investor to someone with nearly $1B worth of assets under management. 

If you’re looking for an edge to accelerate your growth, talk to Jason. You can get a FREE coaching session through this link. 

For my health-conscious friends (or those trying to be healthier), I’ve been using MyBodyTutor for years for accountability on my fitness and diet. These guys assign you a coach to hold you accountable, track your food, suggest exercises etc. You can check them out here.

Disclosure: “Some of the links in this post are affiliate links, which means I may earn a commission if you click on the link and make a purchase. However, please note that all opinions expressed here are my own and I only recommend products or services that I have personally used and found valuable."

Your Friend,

P.S. Comment below and let me know your thoughts on this week’s BTB! Please be friendly :)