“The World is Full of Over-Educated Broke People” | Kent Clothier E106

Rich sits down with Kent Clothier - nationally recognized entrepreneur, real estate investing expert, performance coach, and speaker. He got his start in business at 17, helping to create a grocery arbitrage company, ultimately building the company to $1.8 Billion in annual sales by the age of 30.

The Clothier family run real estate investment company has flipped more than 8,000 single family homes and the company currently manages a portfolio of over 7,500 single family homes in 11 markets. Kent and his partners are actively involved in managing a portfolio of multiple real estate funds with a variety of real estate assets, including Self Storage, Multi-Family, and Hospitality assets. Kent is also the CEO and Founder of Real Estate Worldwide and The Boardroom Mastermind, multifaceted organizations focused on software, training, and executive coaching, based in La Jolla, California.

Rich and Kent discuss the current US interest rates, the commercial assets that Kent is currently focused on, the self-storage and multi-family models, what makes for a good deal, the residential development on the Pendry in Palm Springs, and why Kent does not buy invest in real estate properties in California. They also reflect on living in San Diego, investing out-of-state, why investors should rent their primary residence, and the best way for someone to become an entrepreneur with no experience.

Lastly, Rich and Kent talk about how to elevate from the Hustler mentality to CEO mentality, setting 3-to-5 year plans, living life with intention, hiring the right person, how Kent’s first company built to $1.8 Billion, Kent’s shift to flipping houses, taking the time to live life in the moment, generating opportunities, monetizing leads, and direct response marketing.

Connect with Kent on Instagram:  @KentClothier1  

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