BiggerPockets Real Estate Podcast

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540: Cop Salary to $300 Million in Real Estate w/ Whitney Sewell

Dec 5, 2021

Guest

Whitney Sewell

Whitney Sewell, a former police officer turned successful real estate investor, shares his incredible journey of amassing over $300 million in assets within just three years. He emphasizes the importance of automating processes to achieve both financial freedom and quality family time. Networking played a crucial role in his success, and he creatively flipped limiting beliefs to tackle big deals. Whitney also discusses how faith and a mission to help children drive his wealth accumulation, blending professional success with personal purpose.

01:15:48

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ANECDOTE

Whitney's Journey to Real Estate

Whitney Sewell joined the military in 2001 and served in Iraq, learning a never-give-up mentality.
After becoming a police officer and then a federal agent, he realized his income was insufficient and discovered real estate as a wealth-building avenue.

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ANECDOTE

Sacrificing Passion for Long-Term Goals

While pursuing his passion for horse training, Whitney realized it wasn't financially sustainable.
He and his wife sold their farm, a difficult decision, to focus on building long-term wealth through real estate.

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ADVICE

Overcommitting for Growth

Overcommit to your goals to force yourself to grow and scale.
Starting a daily podcast, even before having experience in syndication, pushed Whitney to build teams and expand his network.

Get the Snipd Podcast app to discover more snips from this episode

From Cop Salary to $300 Million: A Journey of Growth and Mindset

02:04 • 2min

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The Journey of Growth: From Struggles to Success in Real Estate

04:32 • 4min

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Transformative Journeys: From Military to Real Estate

08:45 • 28min

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Turning Problems into Opportunities

36:22 • 9min

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Morning Mindsets: Choice or Nature?

45:48 • 6min

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Balancing Tasks for Business Success

The Road Less Stupid is a business guide that emphasizes the need to minimize dumb decisions and maximize critical thinking. The book, written by Keith J. Cunningham, highlights the concept of 'dumb tax' – the financial and emotional costs of making poor business decisions. It advocates for regular 'Thinking Time' to reflect on business challenges, separate problems from symptoms, and make informed decisions. The book is structured with short chapters and reflective questions to help business owners improve their decision-making skills and avoid costly mistakes.

The 4 Hour Workweek

Timothy Ferriss

In 'The 4-Hour Workweek', Timothy Ferriss presents a step-by-step guide to 'lifestyle design', encouraging readers to question the traditional notion of retirement and instead create a lifestyle that prioritizes freedom, adventure, and personal growth. The book teaches how to outsource life tasks, automate income, and eliminate unnecessary work using principles like the 80/20 rule and Parkinson’s Law. Ferriss shares his personal journey from a corporate workaholic to a location-independent entrepreneur and provides practical tips and case studies to help readers achieve similar results. The book emphasizes the importance of focusing on high-value activities, taking 'mini-retirements', and living life to the fullest in the present rather than deferring enjoyment until retirement.

Best Ever Apartment Syndication Book

Theo Hicks

Joe Fairless

This book provides a step-by-step guide to navigating the world of apartment syndication, helping readers build a commercial real estate empire. It covers topics such as setting investment criteria, building a team, and securing passive investors.

When

The Scientific Secrets of Perfect Timing

Daniel Pink

In 'When: The Scientific Secrets of Perfect Timing', Daniel H. Pink draws on extensive research from psychology, biology, and economics to show that timing is not an art but a science. The book explores how to use the hidden patterns of the day to build ideal schedules, why certain breaks improve student test scores, how to turn a poor start into a fresh beginning, and the optimal times for various life decisions such as quitting a job, switching careers, or getting married. Pink synthesizes this research into a readable narrative with practical takeaways and stories, offering readers compelling insights into how to live richer, more engaged lives.

Good Leaders Ask Great Questions

Your Foundation for Successful Leadership

John C. Maxwell

In this book, John C. Maxwell emphasizes the critical role of questioning in effective leadership. He discusses how leaders can use questions to their advantage, including asking themselves and their team members the right questions. Maxwell addresses various topics such as discovering one's unique purpose, daily habits for leaders, motivating unmotivated individuals, and working with difficult leaders. The book is divided into two parts: 'Questions I Ask' and 'Questions Leaders Ask Me,' where Maxwell shares insights from his own experiences and responses to questions from his followers. He highlights the importance of continuous learning, mentorship, and adaptability in leadership, and provides practical advice on managing challenges and fostering a culture of collective learning.

Eat That Frog

Brian Tracy

The 5 AM Club

Own Your Morning. Elevate Your Life.

Robin Sharma

The 5 AM Club by Robin Sharma introduces a revolutionary morning routine that has helped numerous successful individuals maximize their productivity, improve their health, and achieve greater serenity. The book tells an engaging story about two struggling strangers who meet an eccentric tycoon who becomes their mentor. It provides a step-by-step method to protect the early morning hours for exercise, self-renewal, and personal growth, and offers neuroscience-based practices to make waking up early easier. The book also includes tactics to defend against digital distractions and trivial diversions, helping readers achieve greater focus, creativity, and productivity.

The Miracle Morning

The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM)

Hal Elrod

The Miracle Morning by Hal Elrod provides a step-by-step process to transform your life by starting your day with six powerful practices: Silence (meditation), Affirmations, Visualization, Exercise, Reading, and Scribing (journaling). This updated and expanded edition includes new content such as The Miracle Evening and The Miracle Life, helping readers optimize their bedtime and sleep, and begin their path to inner freedom. The book has helped millions of people become the person they need to be to create the life they’ve always wanted.

The Treasure Principle

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Randy Alcorn

Randy Alcorn's "The Treasure Principle" explores the biblical concept of stewardship, challenging readers to view their possessions as gifts from God and to use them wisely. The book emphasizes the importance of generosity, contentment, and living a life that reflects God's values. Alcorn provides practical advice and biblical insights to help readers manage their finances responsibly and to prioritize giving to those in need. He encourages readers to develop a heart of generosity and to use their resources to advance God's kingdom. The book is a powerful call to action for Christians to live a life of sacrificial giving and to prioritize eternal values over material possessions.

Topgrading

Bradford D. Smart

Who

The A Method for Hiring

Geoff Smart

Randy Street

In 'Who: The A Method for Hiring', Geoff Smart and Randy Street offer a comprehensive and structured approach to hiring top talent. The book outlines a step-by-step method to ensure that the right candidates are selected, emphasizing the importance of defining the job, finding A players, and conducting effective interviews. It also provides strategies for avoiding common hiring mistakes and ensuring long-term success.

How do you build massive wealth while keeping your passions, family, faith, and bank account intact? Successful real estate investors will tell you the same thing: you need to automate and systematize to make time for it all, and they aren't kidding. Whitney Sewell was working as a cop when he got his start in real estate. Looking at his $35,000 salary, he realized that the long hours and tiresome, but enjoyable work, wouldn’t allow him financial freedom.

Whitney wanted more time with his kids, his wife, and his beloved horses. So, he started attending every real estate conference he could go to, networking with anyone who owned any amount of real estate. He hired a performance coach, built a successful podcast, and flipped his limiting beliefs on their head, so he could tackle big deals.

In only three years, Whitney built a real estate empire with over $300M assets under management. Part of his personal profits are donated to help adopted children and those who need adoptive parents. Whitney talks about how his faith and social goals have played a huge part in his real estate and how doing good must be the driving force behind wealth accumulation.

In This Episode We Cover:

Why it’s important to “overcommit” if you really want to succeed in real estate

The “most dangerous book to reach on a beach”

Why your network is your net worth and pushing yourself to connect with other like-minded investors

Why wealth and faith don’t need to contradict each other

Giving yourself the “thinking time” to spawn new, ingenious ideas

Outsourcing and upgrading your business so you can make more while loving life

And So Much More!

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