The Real Estate Mindset You Should Have [AMA with Brant Phillips]
Do you have the right mindset you need as a real estate investor? This is something that both beginner and experienced investors struggle with.
As life changes, it’s easy to create limiting beliefs that end up hurting your investing career.
Brant Phillips, a full-time real estate investor, coach, realtor, bestselling author and CEO/Founder of Invest Home Pro that has been recognized by Inc. 5000 as one of America’s Fastest Growing Private Companies, joined us for a Facebook Live All Access Ask Me Anything(AMA) session.
He’s a frequent marathon runner, completes Ironmans and even does cage fighting. Brant excels in investing because he’s always challenging himself physically and mentally.
He gave many tips for how he balances is life and designs his business around it.
We also talked about…
- What is the real estate mindset and how to get it
- How to be successful no matter what life throws at you
- Steps to take to get to financial independence just starting out
If you missed our session with Brant, you can still view it here.
Also, be sure to checkout our exclusive and free training with Brant and I on how to get funding for your deals here!
Below, we’ve included the main topics Brant discussed during his conversation with us so that you can skip to the parts you’re most interested in learning about…
4:30 Brant’s Profile
7: 23 How he got started in real estate investing
10:56 How he invested with no money
13:38 Role models influence you and your mindset
15:26 How he read and educated himself
17:56 Four step process for success he uses
20:00 Rental properties plan
20:50 His investing strategy early on
22:25 His second deal he did
23:10 Financing and flipping his first house
24:05 What made him decide to start flipping
24:50 He wanted to enjoy his job and earn passive income
26:20 How rentals really are
28:34 Mistakes he made on his first flip
29:35 How he got over his negative mindset
34:20 How to build wealth
34:55 What to do if you don’t know much about construction or design
40:40 How you find and keep a good contractor
42:55 The three goals with rehab
43:37 How do you get approved for multiple loans with rentals
45:20 Using private money to finance rentals
46:40 Buying deals in interest only loans
47:15 Limiting beliefs investors have
47:45 What is creative real estate
53:15 Funds required with wholesaling
54:25 How to start wholesaling with only an internet connection
56:22 Look for online communities like MyHouseDeals
57:49 The first thing you look at when considering a purchase
1:00:15 How to design your business around your life
1:07:15 Sacrificing things to focus on investing
1:09:05 What you need to get started
1:11:48 Bought wholesale deals from wholesalers on MyHouseDeals at first
1:12:40 Number one mistake newbies make
1:19:50 Money he’s spent on coaching
1:24:35 What’s next for him