Action Academy | Millionaire Mentorship For Your Life & Business The DO's And DON'TS Of Scaling A Multifamily Portfolio To $100M (And Beyond) w/ Vince Gethings
Jan 7, 2025
In this discussion, Vince Gethings, a serial entrepreneur and Air Force veteran, shares his journey to amassing over $100 million in multifamily real estate assets in Dallas-Fort Worth. He dives into the shift from a controlling to an empowering leadership style, emphasizing teamwork and delegation. Vince reflects on military influences in his decision-making and offers strategies for managing stress during business growth. He also contrasts investing in real estate versus small businesses, addressing the unique challenges of each.
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Vince's Real Estate Journey
- Vince Gethings, an Air Force veteran, began investing in 2013 and multifamily in 2016.
- He scaled his portfolio across multiple states, but later consolidated to focus on the Dallas-Fort Worth market.
Problem-Solving and Iteration
- Be comfortable with a 70% solution and take action, as perfect plans are rare in entrepreneurship.
- Iterate quickly, gather data, adjust, and repeat for faster success.
Managing Stress and Delegation
- Minimize distractions by using do not disturb mode and prioritizing family time.
- Empower your team by delegating authority and allowing them to make mistakes.