What Drives You? (Discovering Your Real Estate Burning Why)
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- Опубліковано 12 вер 2024
- Discover your real estate burning why and develop the drive to ensure you real estate investing success. This simple formula will draw out the pain you want to avoid so that you can reach your real estate goals, regardless of the challenges you are faced with.
Every successful real estate investor has a mentor. Get your mentor here: www.freedommentor.com/apprentice
Is this program open for the people out of the US??
@@korgond No.
Hi are you taking new clients?
@@AbhaySharma-fv3jn Absolutely
@@freedom_mentor I actually wanted to talk about how I can help you get more clients with absolutely nothing on the line until you see profits. Would you like to discuss further?
you highlighted an essential fact-avoiding pain is a more critical motivator than gaining pleasure. Again, this extends beyond real estate investing and is a powerful human psychology principle that one can apply in many areas of life
Yup, people will work harder to avoid pain than gain pleasure.
your commitment to helping others succeed in real estate investing is profoundly commendable.
Thank you! Are you investing in real estate right now?
Signal!!! Just pure wisdom!!!
Thank you!
I have to admit that a thought financial freedom was my burning why, but somehow I am not putting my thoughts into action regarding real estate investing. Digging deeper to find that burning why is really the first thing you should do guys. If you don't do that step properly, you are never going to get anything done.
Your WHY is very important. It's what drives you to take the action.
Love this Phil🙏🏼
Thank you!
Thank you for sharing!
My pleasure! Hope it helped.
I got my real estate license almost 2 years ago, but I've been full time pursing a career in over this past year. I'm 22 now, but when I was 18, after graduating high school I didn't know what to do or how to make money. Father said I'd, live with them forever. A friend from Playstation told me he went on a 40k vacation across Europe and South Asia from wholesaling and I've been drawn since. I'm looking for the financial freedom, but when we get there I plan on helping people get there too.
Find something you enjoy doing, valuable to people, so you wake up in the morning wanting to keep doing it. Then your whole life will be a vacation.
Thanks for sharing
You're welcome! Hope it helped.
I actually developed a root-cause analysis training course once called "Why?" - got great feedback on that one ... It's amazing how easily people are satisfied with superficial answers.
Phil you are a true mentor and motivator
Thank you! That means so much.
Phil, great advice, laser focus , on point as always !!! 👌. I have always been driven. You're thousand percent right ✅️ 💯
Thank you!
Hey Phil.
Your documents on Udemy no longer open. Is it possible to update them?
Go here: courses.freedommentor.com That is more updated than Udemy
I bust your chops a bit and you somehow manage to get my email addy and put me on your mailing list! That takes balls bro, I respect that. So now is a great time to buy real estate? Or should we wait until the banking system collapses completely and home prices settle lower. Or!!! are home values going to begin climbing again? Personally I don't believe now's the time to buy but I'm no guru.
My entire career, I have been dispelling the myth that, at any moment in time, it's either a good or a bad time to buy. If you're doing a short term deal, like a wholesale or a flip, it's always a good time so long as you buy it right. If you are doing a long term rental hold, it's always a good time to buy if the cash flow is strong enough. If you can afford the home and it fits all of your needs, it's always a good time to buy a home to live in. Timing the market doesn't make real world sense. This video explains: ua-cam.com/video/wzyQ7rW_TlA/v-deo.html
successful real estate investment doesn't necessarily rely on timing the market, but rather understanding it and making informed decisions based on each property's potential.
@@TheFlamingDoc I appreciate that. That's a more realistic response to be honest because you're admitting there ARE times it's clear you should avoid buying a property. I realize Paul has skills, I respect what he's done but the macro, the broader economic picture clearly indicate this market is not a buy and hold one. I believe people being encourage to buy their first home now are being set up and when I say set up I mean used to artificially prop up a market that probably should have already corrected. Low to no money down... No concern regarding a buyers credit worthiness... An over inflated market. It's a breeding ground for a disaster and many new home owners have been trying to get out of loans they took on right now as we speak. You're more an expert than I am but I imagine you're in and out of deals right now. Finding that buy and hold right now has got to be more difficult. I see real estate as the only solid way for me to get back on track. I've narrowed who I intend to learn how to look at real estate down to Paul and Ron LaGrand. I really like the guy Ron's operation assigned to me because he obviously understands this market. He was talking in and out strategies right now. Ron LaGrand is probably that kind gentleman who trained Paul for free!
well, Phil, I just realized you did not post for a while. Hope you well. I try to ask a young lady to listen to you on Re investing. Take care.
Thank you! I'm back and our team is stronger than ever. We appreciate your support!
My family and I are trying to sell a property in Sanford Florida. It has been occupied by my father and two roommates for over 10 years. My father has dementia, and the two roommates have been stealing from him for years. They both have criminal records. We are examining our options.
If you Phil, or anyone reading this, has any advice to offer about how to legally remove these people from the premises, I'd love to hear it. We would love to sell the property to someone who knows how to handle tenants like this. Any advice at all would be appreciated. We are working with a realtor, so her fees would have to be taken into consideration. If anyone in the area is interested, I'm all ears.
Who owns it? Your father? It depends on who holds title to the property. Also, you may want to hire an attorney to navigate through this situation. Evict.com has the best eviction attorneys in the State of Florida.
@@freedom_mentor Yes. My father owns it. Yes, we're at that step of getting some legal advice. We are looking into selling it to someone who knows their way around the eviction process better than we do. If they would be willing to buy it occupied, evict the people living there, we could give them a very good deal. House is in poor condition, but the lot is Nice. Maybe a student of yours?
Just thought I'd ask. I followed your channel for a while now, and I loved your course. If I didn't live out of state, I'd give this a shot myself. Thanks for replying so fast.
Great video!
Thanks!
Phil- looking for advice ….
off topic question: I’m in Michigan , selling and can’t find anything to buy. The buyer of my house won’t back down from the deal even when offered money and no contingencies left to fulfill. As a seller, what can I do to back out? I’ve had two trusted realtors saying just don’t show up to closing because it never goes past arbitration - judges don’t hand keys over. Thoughts? I appreciate your advice
Phil Pustejovsky..........An Epic Legend !!!
Seriously, for all the junk on UA-cam, Phil is a breath of fresh air. I've learned and made so much money using Phil's simple principles.
Thank you!
Really appreciate that!
A mass of wealth should be transferred to a private trust so that the incentives are guarded and regulated by the trustees. With the correct incentive structure, beneficiaries are far more likely to succeed.
Great stuff as always, thanks Phil
Thank you!
Thank you for being so inspiring.
Aww appreciate the love!
Phil, what happened to you? Where have you been for the past 5 months?
Busy. When the summer comes to end, my schedule may free up to upload more content. In the real world, the more assets you own, the more responsibilities you collect. These days, my portfolio is so large that while most of it may be running smoothly at any point in time, there are always a few fires to put out. Plus, I have 4 kids and have spent a whole lot of time with them.
@philpustejovsky All good. Was just wondering if you are alright:) good to hear you are doing fine
Why? So I never have to sleep on the floor again, so I never have to ride a bike to work let alone a children’s bike way to small for me, so I never have to go to the gas station to steel food again, so I can show my dad that his son made it all by his self! I’ll show you dad your my halo around me.
Thanks for sharing this!
Hi dear! How are you? Your videos are adorable and very helpful and you are beautiful. I have noticed that your videos have not done SEO But your videos need some updating. Your video is not getting views because there is some problem with your video. If you update the videos then the views of the video will increase. If you want I can mark the issues and send them to you
As always great stuff!!!! Now Mr. Pustejovsky you mentioned before that your bare MINIMUM returns you consider for ANY deal is 25%...is that correct? And does that change based on how the real estate mkt is doing at the time you're doing, or considering, that deal?
Correct. Although my standards these days are even higher than before.
$$$
Thanks for commenting on the video! Have you started investing in real estate?
Either you have the "IT" to be a hustler or you don't. It can't be taught.
Finding your WHY is what will drive you to where you want to be. Sometimes you have to dig deep to find it.
My mom drives up and down i4 every day from Orlando to Daytona to go to work. That was my 'Why.' I felt like if could make enough money I could retire my mom who not only wakes up at 4AM every day to drive down, in my opinion, a very dangerous highway for work, but gets off and then drives to my grandparents house to take care of my grandmother who has alzheimers. When I go home to visit she rarely gets to sleep before 11PM. I've worked really hard for years to gain some financial stability even though I have some personal challenges that get in my way. But this kept me striving for 3 years at a business that ultimately failed. I woke up at 5AM to take care of the product prep, sourced my products and managed the books during the day, fulfilled the orders in the afternoon, and eventually programmed my own inventory software to manage both products and the bookkeeping for the products. I grew it from $40k year one, to $280k 2.5 years later. The net just wasn't there but the fraud sure was. God had other plans for me.
Pain is a powerful motivator! The thought of not being able to take care of my parents when they are no longer able to care for themselves, my mom losing sleep which she needs to not meet the same fate as my grandmother, drove me to start a real estate business. It drove me to learn the social skills necessary to bring three parties, who stood nothing to gain from the real estate deal, to the signing table. Honestly I give God all the credit for that(skills and outcome). All I have to say is God gave me the tools I just had to put in a little effort. Freedom Mentor is amazing! PAIN is what drove me to do all of those things. Eventually, I'll succeed if I keep at it. I just need to keep adjusting and learning.
The one dark side of this story, if it isn't already dark, is I became acquainted with actual burnout. No matter how driven you are you must prepare your body for physical stress just like a soldier! I never knew burnout was an actual physical phenomenon! But I've got my health back on track and I'm back up and running! I still have the same 'Why' but I leave space for a little more rest these days.
Thank you Phil for the awesome lessons!
You're correct! Pain can be a great motivator to inspire change. Thank you so much for sharing this and supporting our channel. We appreciate it!
You're producing great content 👍
not only jump-cuts gj
Thank you!