Mike & Mike Ep 6 - From the Hospital Room to Financial Freedom
Sep 20, 2023
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In this podcast, the hosts discuss how they went from struggling in real estate to closing multiple deals in 30 days. They mention the importance of finding, closing, and profiting from co-hosting. They share personal experiences, success stories, and insights on achieving financial freedom through real estate investments. The emphasis is on quick decision-making, taking action, and the significance of a mentor in the process.
Defining motivation is crucial to avoid quitting and maintain determination in real estate investments.
Scaling a real estate business through strategic partnerships and innovative approaches can lead to rapid growth.
Deep dives
Striving for Success Through Determination and Focus
The podcast episode emphasizes the importance of defining one's motivation ('why') to maintain determination and avoid quitting. It discusses a group of real estate investors achieving success through unconventional methods, particularly in the niche of short-term rentals. By sharing personal experiences of starting without significant resources but succeeding through innovative approaches like recruiting virtual assistants, the episode highlights the power of perseverance and commitment.
Scaling Strategies and Overcoming Challenges in Real Estate Ventures
The episode delves into the process of scaling a real estate business by partnering with property owners for short-term rentals. It narrates the host's journey of gradually expanding from a single unit to multiple properties within a year, employing strategies such as attending meetups, outreach on various platforms, and creating a distinctive credibility pack. These initiatives not only led to rapid growth but also addressed potential landlords' concerns, ultimately facilitating successful partnerships.
Commitment, Decision-Making, and Transformation in Business
The podcast emphasizes the significance of commitment and decisiveness in entrepreneurial endeavors. It recounts the host's pivotal moments of leaving a corporate job after securing a hotel contract and navigating challenges during the COVID-19 pandemic. The discussion stresses the importance of consistent efforts, reinforcing the idea of making swift decisions, accepting mentorship, and embracing tough love to propel business growth and personal development.
I celebrated my birthday earlier this month and have been in the industry for the last six years. In this episode of Mike & Mike, I will share the #1 thing that took me from 9 months in the hole without a single deal to closing four co-hosting clients in 30 days. I know without question that many of you are making the same mistake I did. So, if you’ve been banging your head against the wall on how to find, close, and profit from co-hosting, you need to listen to this episode.