No BS Advice for Getting Rich and in the Best Shape of Your Life with $500M Investor Ben Reinberg
Apr 16, 2024
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Ben Reinberg, a $500M commercial real estate investor and biohacker, shares how he started from scratch, raised $2 million on his first deal, and the mindset needed for success. He discusses biohacking, better sleep practices, advice for young investors, and the advantages of investing in medical offices. Ben also talks about his childhood entrepreneurship ventures, teaching his kids humility, and leaving a positive legacy for future generations.
Success requires motivation over excuses and focusing on solutions.
Early entrepreneurial experiences can teach valuable lessons in money and opportunity creation.
Transitioning from accounting to real estate for cash flow and long-term wealth building.
Key insights on the complexities and challenges in commercial real estate investment.
Deep dives
The Importance of Avoiding Excuses and Taking Action
Avoiding excuses and believing in the ability to overcome challenges is highlighted as crucial in achieving success. The speaker stresses the importance of being motivated by challenges rather than making excuses, emphasizing the need to focus on solutions and available resources to get things done.
Reflecting on Early Entrepreneurial Lessons
The podcast delves into the early entrepreneurial experiences of the guest, Ben Ryanberg. He recounts a childhood memory where his love for sugary treats led him to venture into a cigarette resale business at eight years old. This experience taught him about entrepreneurship, the value of money, and the ability to create opportunities from a young age.
Transition to Real Estate Investment and Entrepreneurship
Ben Ryanberg's journey into real estate investing is explored, starting from his encounter with a billionaire audit client who recognized his entrepreneurial nature. Inspired by the book 'Rich Dad, Poor Dad,' he embraced the idea of buying income-producing assets. Transitioning from accounting to real estate, Ben's strategy focused on buying assets for cash flow and long-term wealth building.
Lessons in Commercial Real Estate Investment
The complexities and challenges in commercial real estate investment are discussed, emphasizing the importance of appropriate underwriting, reserves, and research. Key insights are shared on the dangers of over-leveraging, rising interest rates, and the essential need for adequate equity and flexibility in dealing with market fluctuations and cash flow dynamics.
Life Lessons on Accountability and Community Building
Building a community within a company by emphasizing personal accountability and caring for employees can attract great talent, leading to a positive work environment and increased productivity. Creating a culture that values personal well-being alongside business success can foster deep relationships and drive overall company growth.
Personal Development and Self-Improvement Impact on Business
Engaging in personal development and self-improvement practices, such as meditation and self-reflection, can enhance business performance and relationships. Taking the time to care for oneself not only benefits individual growth but also positively impacts business outcomes, attracting opportunities and creating meaningful impacts.
Legacy Building Through Generosity and Impact
Focusing on generosity, impactful contributions, and deep-rooted relationships can shape a positive legacy. Prioritizing giving back to society, providing opportunities for others, and leaving a lasting impact that transcends generations can define one's success and contribute to a fulfilling life.
Ben Reinberg is a commercial real estate investor, philanthropist, futurist and biohacker.
In this episode, Ben shares how he built a $500M empire from scratch – from getting started as an accountant, to experiencing a “light bulb moment” when auditing a billionaire, to taking down a 100,000 square-foot building on his very first deal.
Ben also talks about: - His first business at age 8: selling cigarettes in mafia-controlled bars! - The mindset behind raising $2 million on his first deal - His advice for young real estate investors starting today - Why you don’t actually need a track record to buy a big deal… what you need instead - How to stand out when approaching a mentor - The advantages of investing in medical offices - The biggest dangers of commercial real estate - His nightly practice for better sleep - Biohacking with stem cell injections and supplements - His morning routine - Thinking without distraction for an hour per day - Teaching his kids humility and how to live on a budget
Show Sponsor: - The BetterLife REI Summit May 3-5 in Denver, CO. The most actionable “how to” real estate event for new and experienced investors. Grab your tickets here: https://reisummit2024.com/
