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2 Real Estate Niches You’re Overlooking That Made This Investor Millions | Ep 113 w/ Reid Hamilton

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Jan 14, 2025

Guest

Reid Hamilton

Reid Hamilton, a seasoned real estate investor known for transforming a $5M debt into a lucrative self-storage portfolio, shares valuable insights. He discusses the overlooked niches in real estate and how strategic decisions can lead to substantial passive income. Reid emphasizes the importance of genuine connections in the industry and reflects on the journey from challenging residential projects to successful self-storage development. His stories reveal the patience required for long-term investments and the ethical considerations in property development.

01:13:31

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ADVICE

Pre-App Meeting

Schedule a pre-application meeting with the municipality.
This helps assess the feasibility and potential challenges of a project early on.

insights

INSIGHT

City Needs vs Storage

Cities often don't favor self-storage due to low tax revenue and job creation.
However, high demand and low vacancy rates can justify the need for such projects.

question_answer

ANECDOTE

Unexpected Partnership

Reid Hamilton cold-called a landowner, leading to an unexpected partnership with a wealthy investor.
This partnership resulted in multiple successful deals together.

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

Island Life and Entrepreneurial Journeys

03:45 • 4min

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Navigating Real Estate Challenges

07:59 • 30min

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Exploring Intentional Parenting

37:54 • 13min

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Balancing Family and Growth

50:59 • 9min

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Transformative Journeys: Self-Improvement and Mindfulness

59:35 • 11min

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Reflections on Parenthood and Pursuing New Challenges

In 'The 10X Rule,' Grant Cardone introduces the principle of setting targets that are ten times what you think you want and then taking ten times the action you think it will take to accomplish those targets. The book stresses the importance of massive thoughts followed by massive actions, perseverance, positivity, and a domination mentality. Cardone argues that success is not an option but a duty, and it requires a mindset shift to achieve extraordinary results. He emphasizes the need to take full responsibility for one's success, to be obsessed with goals, and to overcome fear and obstacles through persistent action.

Free range kids

giving our children the freedom we had without going nuts with worry

Lenore Skenazy

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The Road Less Stupid

Keith J. Cunningham

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 Intentional Father

A Practical Guide to Raising Sons of Courage and Character

Jon Tyson

Awaken the Giant Within

Tony Robbins

In 'Awaken the Giant Within,' Tony Robbins offers a comprehensive program for self-mastery, helping readers to discover their true purpose, take control of their lives, and harness the forces that shape their destiny. The book emphasizes the importance of understanding and changing one's belief system, values, and daily habits. It introduces concepts such as Neuro Associative Conditioning (NAC) and the three decisions that control one's destiny: what to focus on, what things mean, and what actions to take. Robbins provides step-by-step exercises and a seven-day challenge to reshape various aspects of life, including emotional, physical, relationship, and financial destinies. The book stresses that everything we do is driven by the need to avoid pain or gain pleasure and teaches how to use these forces to achieve personal goals and transform one's life.

You Are the Placebo

Inc.

Dispenza Illustration & Design

Joe Dispenza

In 'You Are the Placebo,' Dr. Joe Dispenza explores the history, science, and practical applications of the placebo effect. The book documents numerous cases of individuals who have reversed serious health conditions such as cancer, heart disease, depression, and arthritis through the power of their minds. Dispenza combines research from neuroscience, biology, psychology, behavioral conditioning, and quantum physics to explain how the placebo effect works and how it can be harnessed for personal healing and transformation. The book includes practical meditations and techniques to help readers change their thoughts, beliefs, and perceptions to achieve better health and well-being.

The Daily Dad

Premium Leatherbound Edition

Ryan Holiday

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🧔‍♂️ WHO AM I?

Our names are Brandon Turner and Cam Cathcart! We teach people how to BUILD WEALTH WITHOUT LOSING THEIR SOUL through real estate investing!

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📖 BOOKS MENTIONED IN THIS EPISODE

10x Is Easier Than 2x by Dan Sullivan and Dr. Benjamin Hardy
Awaken the Giant Within by Tony Robbins
You Are the Placebo by Dr. Joe Dispenza

🙏 SPONSORS

• TurboTenant: Market your rental, screen tenants, and collect rent… all in one place! Use the code BRANDON10 to get 10% off upon sign-up at https://go.abetterlife.com/tt_pod_landing Or check out all of their incredible FREE resources for landlords at https://go.abetterlife.com/toolbox_pod

• BallPoint Marketing: These guys know how to find deals… BallPoint Marketing is the leader (and the company that I use) for all things direct mail marketing! They’ll write the postcards, send them out, build out a CRM, and even field the calls for you! All you have to do is go to https://go.abetterlife.com/bpm_pod_landing for a strategy call and a discount!

🎥 DESCRIPTION

Discover the strategy behind building a $150M self-storage empire, even in the most challenging real estate markets! In this episode, we sit down with Reid Hamilton, a seasoned investor who shares how he went from $5M in debt to creating life-changing wealth by tackling high-risk, high-reward projects. Learn why Reid focuses on entitlement deals, thrives in tough markets like California, and how patience pays off big in self-storage development.

What You’ll Learn in This Episode:

The secrets of entitlement deals and why they’re crucial
How self-storage can outperform other real estate investments
Why challenging markets yield the greatest rewards
Reid’s story of turning $5M in debt into a thriving real estate portfolio
How to secure funding and build relationships with investors
And so much more!

❌ DISCLAIMER

https://go.abetterlife.com/bb_pod_disclaimer

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