{"id":8601,"date":"2023-08-04T03:52:30","date_gmt":"2023-08-04T03:52:30","guid":{"rendered":"https:\/\/imsfund.com\/?p=8601"},"modified":"2023-08-04T03:52:30","modified_gmt":"2023-08-04T03:52:30","slug":"million-dollar-advice-from-millionaire-investors","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2023\/08\/04\/million-dollar-advice-from-millionaire-investors\/","title":{"rendered":"Million-Dollar Advice from Millionaire Investors"},"content":{"rendered":"


\n<\/p>\n

Want to be a millionaire?<\/strong> We sat down with Codie Sanchez<\/strong><\/a>, Alex and Leila <\/strong>Hormozi<\/strong><\/a>, Mikey Taylor<\/strong>, Cody Davis<\/strong><\/a>, Christian Osgood<\/strong><\/a>, and other multimillionaires <\/strong>and distilled their most critical investing, business, and entrepreneurship advice <\/strong>into one episode. But we couldn\u2019t unleash all this wealth-building content on any old episode, so we packaged it up and made it into our episode 800 special!<\/p>\n

This time, we\u2019re not just hearing from one successful guest but dozens of them as we get their take on the biggest mistakes<\/strong>, the worst wastes of money<\/strong>, the best advice they\u2019ve ever received<\/strong>, and whether or not you\u2019re too old (or young) to <\/strong>get rich<\/strong><\/a>. You\u2019ll hear what\u2019s holding them back today and the one thing they wished they had done earlier that would have made them millions <\/strong>more and saved thousands of hours.<\/p>\n

Stick around because this episode is a masterclass on making your first (or next) million<\/strong> from investors who are playing the game better than anyone else. Be sure to keep an eye on the BiggerPockets feed, as these full interviews will be released over the next few weeks!\u00a0<\/strong><\/p>\n

\n

David:
This is the BiggerPockets Podcast show, 800.<\/p>\n

Leila:
In the very beginning, it\u2019s lack of resources and knowledge, that I feel like was holding me back. Then now I would say that it is overwhelm of resources and knowledge.<\/p>\n

Codie:
The most important thing isn\u2019t that you have success young. It\u2019s that you stack the deck in your favor, and the way you would do that is by learning as much as humanly possible, young.<\/p>\n

Mikey:
First business we ever started, we had to raise money for. There was this guy who told us that he would help us raise money and he said, \u201cI\u2019m going to raise the money, but I\u2019m taking the equity now.\u201d We gave him equity before he performed. He didn\u2019t raise any money. We ended up selling the company, and that cost us about two and a half million dollars.<\/p>\n

Rob:
Whoa.<\/p>\n

Mikey:
That one hurt.<\/p>\n

David:
What\u2019s going on everyone? It\u2019s David Green, your host of the BiggerPockets Real Estate podcast. We are the biggest, the baddest, and the best real estate podcast in the world, and we have a special episode for you all today. Episode 800, quite the milestone. We wanted to do something special for you guys, so we\u2019ve gift wrapped billions of dollars of wisdom on real estate business and life, to answer questions that you get to benefit from.<\/p>\n

Rob:
We talked to people like Cody Sanchez, Layla and Alex Hormozi, Cody Davis and Christian Osgood, and they absolutely delivered this episode. They gave specifics, they told stories, and they had so much fun with it. There\u2019s value in here for every single investor, no matter what phase or stage you\u2019re in.<\/p>\n

David:
Rob, I\u2019ve already made it home. Why are you still at the airport?<\/p>\n

Rob:
Well, I woke up at 4:00 AM, and my flight got delayed, and got delayed again, and then it got rebooked, and then it got canceled. I am hanging out in an airport lounge, having a mojito in beautiful, tropical Atlanta, Georgia.<\/p>\n

David:
Your favorite to has always been a mojito. I\u2019m glad that there\u2019s something to take the edge off of that hellacious traveling. Hope you make it home safe, bud.<\/p>\n

Rob:
Yeah, it\u2019s a little awkward. Everyone\u2019s like looking at me talking to a microphone. I feel very weird about this, but hey, I\u2019ve surrounded myself with all the wisdom from all the people we\u2019re about to listen to today. Because of that, I feel very secure. I feel very wise, and ready to take on today\u2019s episode.<\/p>\n

David:
Before we get to today\u2019s show, today\u2019s quick tip is simple, ask more questions. I\u2019m not saying how can you get a piece of somebody else\u2019s pie, but ask how they did what they did, how they accomplished it. That might just make someone like you more to where you could get deeper into their world and find more success.
But since today\u2019s episode is literally an entire episode of quick tips, we\u2019re going to get right into it. The first question that we ask these millionaires was, what phase of the deal cycle do you think people snooze on?<\/p>\n

Rob:
True to form our friend Codie Sanchez kicked it off with the hot take.<\/p>\n

David:
This is the BiggerPockets Podcast coming at you from the Spotify studios in downtown LA.<\/p>\n

Rob:
All right, Codie, is there a phase of the business deal cycle that you think other people snooze on?<\/p>\n

Codie:
I think every business and every deal is really easy to get into and hard to get out of. The problem is people get excited, and they want to do a deal, and everybody tracks the time to execution. \u201cI have 50 doors by the time I was 24,\u201d or, \u201cI bought my first piece of real estate inside of a year.\u201d I think that\u2019s a terrible metric. Is it a good deal? Not just a fast done deal. I think that\u2019s the most important thing. It\u2019s much easier to just keep learning and execute on one deal really well, than execute on a bunch fast.<\/p>\n

David:
Alex and Leila Hormozi also answer this one. It turns out their advice actually works for real estate and for dating so you know that it\u2019s real wisdom.<\/p>\n

Rob:
Is there a phase of the business deal cycle that you think other people snooze on?<\/p>\n

Leila:
I actually think it\u2019s after you have gotten a verbal consent to a sale, or to an acquisition, or whatever it is, and prior to them\u2026 it actually happening. I think it\u2019s, say the person verbally agrees to yes, and then people feel like, \u201cOh my gosh, thank goodness.\u201d A feeling of relief, the work is done.<\/p>\n

Alex:
Oh, that\u2019s okay.<\/p>\n

Leila:
Then there\u2019s a four or six week, or eight week, or 12 week in a business acquisition gap where people forget about that. They\u2019re like, \u201cOh, they already said yes, so it\u2019s done.\u201d No. That\u2019s when I think you need to start bringing in people from the other side. Whomever they\u2019re going to interact with after the sale, I say bring those people in immediately once they\u2019ve said yes, and then start integrating them in and start treating them like they\u2019re already a customer, or a partner, or whatever it is, because that\u2019s actually where I see a ton of drop off, because the person feels like they just said yes and then they\u2019re expecting, \u201cTreat me like I just said yes.\u201d<\/p>\n

Alex:
Yeah, definitely.<\/p>\n

Leila:
But a lot of people just treat them like, \u201cOh, my work is done.\u201d<\/p>\n

David:
You propose. She says yes. You\u2019re like, \u201cGreat. All right, back to work,\u201d and forget all about the fact that-<\/p>\n

Leila:
Totally. I\u2019m going to stop dating her now. It\u2019s like, \u201cWhat? We just got\u2026 \u201c. It\u2019s not done until the credit card has been slid. It\u2019s not done until the paperwork is signed.<\/p>\n

David:
I give this example, you\u2019re underwater, you\u2019re swimming to the top. You don\u2019t get to breathe in until you actually breach The surface. Being two inches from the surface is no different than being 20 feet down. You\u2019re still going to die. There\u2019s always this urge to exhale early to like, \u201cYay, we won.\u201d Then relieve the pressure. I\u2019ll tell you, when I\u2019m representing the buyers, I\u2019ve snuck in on many people who didn\u2019t get that thing signed. I\u2019ll say, \u201cWell, we\u2019ll pay 10 grand more, and the next thing you know we grab that deal because we didn\u2019t exhale.\u201d
On the follow-up\u2026 this happens a lot looking for investment properties. They write their offer, the seller says no, they forget about it. When I\u2019m in buying mode, I keep a spreadsheet of all the houses I wrote offers on that said no, and I will go back and I\u2019ll say, \u201cHey, what about now?\u201d Life happens. Emotions change. That\u2019s usually the ones you grab, were not the first try. It\u2019s like, you\u2019re not going to chop that tree down with one swing of the ax, but once you\u2019ve swung a couple of times, why are you stopping? You\u2019ve got some work in, so I couldn\u2019t agree more. Those are\u2026 that\u2019s great advice. Did you ever have a time where you asked out Leila, she said no, and you just had to keep following up and you caught her in a better mood?<\/p>\n

Alex:
She tried to cancel the first date.<\/p>\n

David:
I mean, it works many times in life, right?<\/p>\n

Alex:
Yeah, no, she tried to cancel the first date, and so I called her up. I called, I was like, \u201cFollow up.\u201d I called her up and she\u2019s like, \u201cOh, I just feel really sick.\u201d I was like, \u201cYou\u2019re talking to me, you\u2019re not that sick.\u201d<\/p>\n

Leila:
I was hungover.<\/p>\n

Alex:
Yeah, she whatever, and so I was like, \u201cNo, we\u2019re on\u201d, and so we were on.<\/p>\n

David:
Was that part of the appeal was like, \u201cOkay, this person really wants it if they\u2019re going to keep trying? Is there a test for it?\u201d<\/p>\n

Leila:
I just like that somebody that was so assertive.<\/p>\n

David:
Yeah.<\/p>\n

Leila:
I think that I was just so used to people that I was more assertive than them, and so I was like, \u201cWell, this is refreshing that he\u2019s so directive.\u201d Some people might-<\/p>\n

Alex:
It wasn\u2019t like, \u201cPlease come on this date with me.\u201d I was like, \u201cNo. You said we\u2019re doing it. We\u2019re doing it.\u201d I was like, \u201cI need to meet people too. I need to get out. Let\u2019s go.\u201d You know what I mean? \u201cLet\u2019s do this.\u201d<\/p>\n

David:
When you\u2019re a seller, and you\u2019re used to getting offers on either your business, or your property, or whatever, a lot of the time we assume that the first thing they\u2019re thinking about is the price, but most of them are thinking about, \u201cAre you actually going to close? Are you legit, or are you messing with me?\u201d When a person continually follows up, you\u2019re sending that subconscious symbol, \u201cNo, I really, I am going to close, and I want to close, and I\u2019m the right buyer for you to take.\u201d<\/p>\n

Alex:
I actually just think it\u2019s just keeping things warm. A lot of people have hard closes, \u201cIf you don\u2019t take my terms, or you don\u2019t take my price, or whatever it is, screw you, go away.\u201d But when we look at the deals that we did this year so far, 75% of the deals were people that we had talked to over a year ago, and been like, \u201cHey, it\u2019s not a fit for us right now, but try do these things, and if this works for you, give us a call.\u201d Those people did those things. They worked and then gave us a call. People tend to be a little bit too transactional even though they are \u201ctransactions\u201d. But I think that the relational becomes the compounding mechanism, in terms of deal flow, and getting things back. I think that just becomes the long-term moat that snowballs.<\/p>\n

Rob:
Ashley Care, who co-hosts BiggerPockets Real Estate Rookie Podcast kept us grounded with some classic no nonsense real estate wisdom.<\/p>\n

Ashley:
Looking at income opportunities on a property, that I think too many people are going through their listings and saying, \u201cOh, this is single family. I\u2019m looking for duplexes.\u201d But not looking at something as to how you can generate additional income off of something. I think there\u2019s a lot of money left on the table of looking at a property and being like, \u201cYou know what? There\u2019s actually a garage there. I can rent out the garage for additional unit. It\u2019s by the Bills Stadium. I can rent out this grassy area for parking.\u201d Just looking at different ways to get creative to make deals work.<\/p>\n

David:
One of my favorite responses to what people snooze on came from multifamily mogul and friend of BiggerPockets as well as myself, Andrew Cushman.<\/p>\n

Andrew:
Everybody\u2026 not everybody, but so many people are either scared, or they\u2019re just, \u201cI\u2019m going to sit and wait. I\u2019m not going to build my relationships for money. I\u2019m not going to build my relationships for leads, for properties.\u201d All that. Now is the time to be building out your systems, and your potential business, and for your potential investments. Maybe it\u2019s okay if you\u2019re not actually buying anything right now. If it doesn\u2019t underwrite, it doesn\u2019t underwrite. But it is not the time to just sit on the sideline and say, \u201cWell, I\u2019m going to wait.\u201d
I can\u2019t tell\u2026 I know people that in 2016 sold everything they had and said, I\u2019m waiting for the crash. Well, here we are finally seven years later in 2023, things are shifting. But they missed out on so much by just saying, \u201cYeah, I\u2019m going to just take time off.\u201d You cannot perfectly time the market. It never works. Once in a while, a few people get lucky. I think there are people who are snoozing right now that shouldn\u2019t be. They should be laying the groundwork for huge success when the time comes, which I think might be next year.<\/p>\n

David:
You heard Andrew, now is not the time to stop working smart. Part of what keeps these people so sharp, and so centered, is the good advice that they\u2019ve gotten along the way. Our hosting counterparts over at the Real Estate Rookie Podcast kick things off, here\u2019s Tony Robinson and Ashley Care.<\/p>\n

Rob:
Do you have a core memory about some advice and how did that shape you?<\/p>\n

Tony:
One core memory I have that really shaped my business was it was actually a conversation with Brandon Turner, and it was shortly after I became a host, and he told me one of the things that he regretted in his business was thinking too small for too long. He was like, \u201cIf you think bigger sooner, your businesses is going to grow faster.\u201d I just really internalized that and that\u2019s why now I have a goal of buying a billion dollars worth of real estate.<\/p>\n

Ashley:
My core memory was when I started working for an investor, it was my first experience with anything real estate, and he was buying a business. He took his rental properties he had, he refinanced them, did a cash-out refinance, took that cash and was using this cash to buy the business. The core memory I have is sitting at the closing table, and this wood paneled old attorney\u2019s office with shag carpet on the floor, and him letting me write out these very large checks. At that moment, that\u2019s when it clicked for me as to like, \u201cIf he can do this, I can do this, and this is how it\u2019s done.\u201d<\/p>\n

David:
Jason and Andrew, welcome to the podcast. Do you have a core memory about some advice and how it shaped you?<\/p>\n

Andrew:
I do. I actually grew up as a young kid in New England, and I remember one winter walking by an apartment complex with my dad, and there\u2019s snow on the ground, and he stopped and he is like, \u201cAndrew, you see that over there?\u201d
I\u2019m like, \u201cSee what?\u201d
He goes, \u201cThe chain fence.\u201d
I was like, \u201cYeah.\u201d
He goes, \u201cThat\u2019s a dog park.\u201d
I\u2019m like, \u201cOkay.\u201d
He said, \u201cWhatever you do, don\u2019t ever make snow angels in that.\u201d
In addition to that, probably even more impactful was something my mentor Tim Rhodes\u2026 one of my mentors, Tim Rhodes said to me, and he told me to play your own game. What that means, or some of the things that that means is to lean on your own strengths. Do what is in line with your why. Basically, don\u2019t compare your success to other people\u2019s, because everybody is starting from a different place, and they have a different place that they\u2019re trying to get to. While it\u2019s incredibly valuable to learn from those people, in the sense of your own success and what you\u2019re trying to do, it\u2019s irrelevant.
That was something that was really important to me when he said that, \u201cJust play your own game.\u201d Because it would be really\u2026 sometimes I found it really frustrating. I would meet somebody, who\u2019s in the multifamily syndication business, and they\u2019d done 10,000 units in four years. I\u2019m like, \u201cWhat\u2019s wrong with me? I\u2019ve done two.\u201d I\u2019m like, \u201cWell, no, he\u2019s playing his game. My game\u2019s a little bit different.\u201d That was a really meaningful and impactful advice to me.<\/p>\n

David:
Awesome. Jason, same question.<\/p>\n

Jason:
Yeah. For me, I think the best advice I ever received was at a point where I needed it the most. When I first started as a young person in business, as a commercial real estate agent, I had been banging the phones for three or four months with no leads, and nothing to really even show that I might make income next month. My mentor told me that basically in your first year in the business, you\u2019re trying to get skill sets that teach you to become a successful person later, so you can become valuable to the marketplace after you shape these skills needed to add value to investors, or to people that are looking to buy real estate.
I think that advice was probably the most pivotal point in my career, comes down to\u2026 because so many people my age, we care about the starting salary, like the 60, 80 grand salary in the tech world, or whatever it is. I think in the early years it matters so much more about starting to shape the skills that are going to create more value to the marketplace, and hence will turn into more money for you.<\/p>\n

Rob:
That last voice was Jason Lee. He\u2019s a young but up and coming investor, and you\u2019ll hear more about his backstory in a few weeks, on episode 812. Pro skater turned beer maker, turned real estate investor, Mikey Taylor chimed in on this one too.<\/p>\n

Mikey:
Best piece of advice I\u2019ve maybe ever been given. I was 18 years old and my friend told me, \u201cAs long as I am trying to build anything, skateboard, career, business, never burn a bridge.\u201d That was his big thing, never burn a bridge. What that looks like today, I think this has been huge for me. Anytime something happens that either rubs me the wrong way, or creates an emotional spark, I never respond. I don\u2019t respond in the moment. I might draft something up, but I always sleep on it. Then the next day reassess. That has been massive for me.<\/p>\n

David:
Yeah, but even smart people make mistakes. In fact, I don\u2019t think anybody builds big wealth without making mistakes along the way, and they\u2019re always going to get some things wrong. Now that can be hard to remember when you\u2019re listening to podcasts like this with everybody telling the stories of their huge wins. Here\u2019s the biggest business mistakes that these people have made. Let\u2019s start with Cody Davis.<\/p>\n

Cody:
Worst business decision that I ever made was letting someone else\u2026 when I was getting started, control the rents. I did all the asset management, but this put me in a position where I was doing all the work and this other guy was collecting the rents, and then doing distributions, until he wasn\u2019t. That put me in a position when I had 30 apartments and I stopped getting all my rent distributions. I should have handled the money, but you don\u2019t know what you don\u2019t know in the beginning. Trusting someone to handle the money, as a manager rather than doing it myself, was my biggest mistake. It costs me a lot.<\/p>\n

Tony:
I think it\u2019s hard to answer that question about what my worst business decision is, because I feel like every decision that I\u2019ve made, even though it hasn\u2019t turned out how I wanted to, I still learned an incredible amount, and none of them have been fatal, per se. It\u2019s like, \u201cYeah, these are just the costs of learning things.\u201d But I did buy a house, my second rental property ever. It was in Shreveport, Louisiana, and it was honestly a great deal initially, but the flood insurance changed from one year to the next, literally quadrupled.<\/p>\n

David:
That\u2019s fun with that.<\/p>\n

Tony:
We went to multiple different insurance companies. No one wanted to insure it for whatever reason, even though nothing had happened, there was no flooding. Literally nothing changed. The deal went from cashflow of a few hundred bucks a month to being cashflow negative, pretty quickly. We tried to sell it, sat on the market forever, finally got someone that wanted to buy it. Then during their due diligence, they found some issues with the foundation. We had to spend another\u2026 I think $12,000 cutting out the concrete in the middle of the house. Then we eventually sold it for a loss of $30,000, in addition to carrying the mortgage for an entire year. I\u2019d say that was probably one of my worst deals, early on. Yeah.<\/p>\n

David:
That\u2019s a terrible deal. But that can happen-<\/p>\n

Tony:
Yeah.<\/p>\n

David:
\u2026 especially when you get into lower price real estate, because you\u2019re like, \u201cOh, it\u2019ll cash flow better.\u201d<\/p>\n

Tony:
Right.<\/p>\n

David:
One little thing goes wrong, like flood insurance\u2026 I mean that\u2019s happening in Florida right now with just regular homeowner\u2019s insurance right now, it\u2019s tripling, quadrupling. I got a quote on a property I bought, $26,000 a year. Only insurance that I could get on that property.<\/p>\n

Ashley:
Geez.<\/p>\n

Tony:
Wow.<\/p>\n

David:
Yeah.<\/p>\n

Tony:
Wow. What are you going to do though? You can\u2019t\u2026 you\u2019re stuck, right? The person who\u2019s buying it, they\u2019re going to have to pay the same thing.<\/p>\n

Mikey:
My worst business decision was probably one of our first. First business we ever started we had to raise money for, we didn\u2019t have enough to do it. There was this guy who told us that he would help us raise money and he knew everybody. I remember asking before we did the deal with him, \u201cWhat happens if you don\u2019t raise the money?\u201d He said, \u201cI\u2019m going to raise the money, but I\u2019m taking the equity now. I will not do this without equity.\u201d We gave him equity before he performed. He didn\u2019t raise any money. We ended up selling the company and that cost us about two and a half million dollars.<\/p>\n

David:
Whoa.<\/p>\n

Mikey:
Yeah, that was a bad one. That one stung.<\/p>\n

David:
What\u2019s he doing now? Don\u2019t know, I haven\u2019t talked to him in a decade. That one hurt.<\/p>\n

Rob:
Along those lines, Ashley Care and Soli Cayetano both had to learn some contractor lessons the hard way.<\/p>\n

Ashley:
Mine was not accurately or fairly compensating people around me, whether it\u2019s contractors, employees, or partners. I feel like I really struggled, for a long time, as to how to effectively do that. For example, I had this property where we hired contractors, paid them by the hour. Right there, big mistake. Ended up firing them because-<\/p>\n

David:
I can\u2019t say I haven\u2019t been there.<\/p>\n

Ashley:
Big mistake and ended up costing us more money in the long run, because we had to fire them. Our project went longer, we had to hire someone else. Then even with my partnerships, especially early on, I gave that first partner principle and interest payments for the capital he put into the property, and 50% equity. I think that I\u2019ve had to learn how to adapt, and to not rush into like, \u201cOkay, yep. I\u2019ll pay for this or whatever.\u201d Getting a clear scope of work, or a clear job description as to, \u201cThis is what I\u2019m compensating you for, this is what the work that will actually be done,\u201d and making it very, very detailed, so there isn\u2019t those gray areas.<\/p>\n

Rob:
What\u2019s the worst business decision you\u2019ve ever made?<\/p>\n

Soli:
Choosing cheap contractors, especially when investing out of state, you don\u2019t actually see the properties a lot of the time. When three bids come in and one says 10,000, one says 15,000, and one says 20,000, you really want to believe that that 10,000 bid is accurate. I made the mistake many times starting out, choosing that $10,000 bid, and it coming back to bite me and actually costing like $40,000.<\/p>\n

Rob:
Right.<\/p>\n

Soli:
You have to hire someone else to fix their mistakes and it takes twice as long. I try not to make that mistake anymore, but I made it a lot when I was starting out.<\/p>\n

Rob:
Do you find yourself gravitating towards the middle quote, or the more expensive quote whenever you\u2019re getting those contractor quotes?<\/p>\n

Soli:
I gravitate toward the person who I have the best relationship with, and who comes with the best referrals, or who I\u2019ve done projects with before. I try not to look at the number as much as the consistency in their ability to get the job done.<\/p>\n

Rob:
Fortunately, each of these folks have been able to bounce back from their mistakes. Even more importantly, they\u2019ve been able to learn from them.<\/p>\n

David:
But it\u2019s way more fun to talk about the mistakes, so we asked everyone about the stupidest thing that they\u2019ve spent money on. See if you could notice some common themes among the answers.<\/p>\n

Codie:
I bought a car that I almost couldn\u2019t fit into. I think, yeah, I\u2019ve had moments. It was one of those fancy little Porsches.<\/p>\n

Tony:
The stupidest thing I\u2019ve ever spent money on\u2026 and my wife would probably tell you this quickly also, but I bought a BMW, and it was my first job where I was making over six figures, and I\u2019d driven\u2026 I was driving like a Toyota Scion or something like that. I got this big job, this big raise, and I went out and bought this expensive BMW. My wife, who was my girlfriend at the time, was pretty upset. She was like, \u201cProbably not the best decision.\u201d She was like, \u201cWe\u2019re thinking about buying a house and all these other things.\u201d Lo and behold, about less than a year later, when we go to buy that first home of ours, they\u2019re like, \u201cTony, great news. You\u2019re approved for the loan. Only thing is you\u2019ve got to sell the BMW.\u201d<\/p>\n

Alex:
Bentley. We got a Bentley. I think it was more so\u2026 it wasn\u2019t that buying an expensive car is dumb, it was more that I don\u2019t care about expensive cars. Then I returned it six months later.<\/p>\n

Jason:
It was an all white, 4Runner, TRD Pro, like $65,000 was the most expensive car I bought at the time. It was a year and a half ago. It was dumb, because I work in downtown San Diego and I have to go into parking structures a lot. My 4Runner was too high to fit in most parking structures. One time I just said, \u201cScrew it. I\u2019m just going to go through it and see what happens.\u201d My car got stuck there, and they had to basically tow me out of the parking structure. That\u2019s one of the dumbest things I\u2019ve done, as well. I would not do it again.<\/p>\n

Mikey:
I used to be into cars-<\/p>\n

David:
Okay.<\/p>\n

Mikey:
\u2026 as a kid. Hondas and Acuras and Mitsubishis. We used to spend money on basically every part you could put on a car.<\/p>\n

David:
Did you have a blow off valve turbo?<\/p>\n

Mikey:
I did.<\/p>\n

David:
I don\u2019t know how I can tell. I\u2019ve just got a good read on you right now. Spoiler? A nice spoiler on the back.<\/p>\n

Mikey:
No spoilers. We actually\u2026 we stayed away from all the stuff that made the car look fast.<\/p>\n

David:
Oh, you want to trick everybody?<\/p>\n

Mikey:
Yeah.<\/p>\n

David:
Because then they\u2019d race you not expecting anything.<\/p>\n

Mikey:
Exactly. Yeah. We tried to build sleeper cars.<\/p>\n

David:
I like it, man.<\/p>\n

Mikey:
Yeah.<\/p>\n

David:
Are you a fan of GTRs?<\/p>\n

Mikey:
Yeah, of course.<\/p>\n

David:
Yeah. That\u2019s one of the reasons I like them. They don\u2019t look fast.<\/p>\n

Mikey:
Yeah.<\/p>\n

David:
You never think so.<\/p>\n

Mikey:
Yeah, that\u2019s right. We did the whole thing, went to the races every Saturday night trying to hustle people.<\/p>\n

David:
Rob spent way too much money on pickleball gear. He\u2019s got super into it. He\u2019s got these fancy goggles that he wears, because-<\/p>\n

Soli:
I\u2019ve never even played.<\/p>\n

David:
It\u2019s fun.<\/p>\n

Rob:
It is fun.<\/p>\n

David:
He\u2019s got clothes, like biker clothes that streamline the air so he can run faster, PF Flyers that he wears.<\/p>\n

Soli:
How long until you\u2019re sponsored?<\/p>\n

Rob:
I\u2019m looking for spon\u2026 I\u2019m seeking agency now, with the pickleball gear company. Please hit me up over at Raw Build.<\/p>\n

David:
All. First question Leila, I\u2019m going to ask you what is the stupidest thing that you\u2019ve ever spent money on, and is there any reason you do it again?<\/p>\n

Leila:
A dog, a $3,000 dog.<\/p>\n

Rob:
Wow. What kind of dog is it?<\/p>\n

David:
This is the Bugatti of dogs that we\u2019re talking about, right now.<\/p>\n

Leila:
A King Charles Spaniel.<\/p>\n

Rob:
Okay, okay.<\/p>\n

Leila:
Yes.<\/p>\n

Rob:
Sounds cute. Small, big?<\/p>\n

Leila:
Super cute.<\/p>\n

Rob:
Okay.<\/p>\n

Leila:
Super cute. Super small, super dumb. The reason I say it was stupid is because there are things I\u2019ve bought that maybe would be a net neutral when I bought it, like a jacket that\u2019s very expensive, but it didn\u2019t harm my life. But the dog stole so much of our life for a period of time that I think it was the stupidest purchase I could have made.<\/p>\n

Rob:
Alex, do you like the dog?<\/p>\n

Alex:
No, I was in favor of getting rid of it.<\/p>\n

David:
He\u2019s a productivity killer.<\/p>\n

Rob:
Does the dog still exist?<\/p>\n

Alex:
He is alive.<\/p>\n

Rob:
Oh, okay.<\/p>\n

Alex:
Yeah, I didn\u2019t take it out back.<\/p>\n

Leila:
We re-homed him.<\/p>\n

Alex:
Yeah, no, we re-homed it. But no, I remember I was walking the dog and it was like the fourth time, the bladder is the size of this stomach. I\u2019m on a call and I was like, I know what my hourly income is, and I was like, this dog costs me $10,000 a day. I was like, \u201cI would never buy this dog at $10,000 a day. This is ridiculous.\u201d<\/p>\n

Soli:
I would say some of the courses, mentorships and maybe some of the programs I\u2019ve signed up for. I would just say it had nothing to do with the people who were running them. It more had to do with my commitment level. I think there\u2019s a lot of people who are signing up for things, and they take signing up for things as a proxy for maybe taking action. But without actually committing to doing the thing that you\u2019re signing up for, nothing really changes.<\/p>\n

David:
It\u2019s like a gym membership you never go to the gym for.<\/p>\n

Soli:
Exactly. Right, right, right.<\/p>\n

Rob:
Ah, yes. Commitment. It\u2019s a sneaky thing that\u2019s held me back from time to time. But what\u2019s even sneakier is that the things that hold us back can change over the years.<\/p>\n

David:
What is something that was holding you back in the beginning and what holds you back now?<\/p>\n

Mikey:
The belief that you have to have money to play the game.<\/p>\n

David:
What holds you back now?<\/p>\n

Mikey:
My biggest thing is we learned that we could buy everything, so we bought a whole bunch of stuff. We need to come in and optimize more pieces of the business. I think a few more systems would serve us well. People do systems too early I think, which is not a great thing. We came in, we built the business, then we built more business, then we built more business. It\u2019s time to sit back, optimize a little bit for the next push forward. That\u2019s the thing that\u2019s holding me back.<\/p>\n

Rob:
All right, Cody, same question.<\/p>\n

Cody:
Lack of confidence in the beginning. I had a mentor who helped enable me in the beginning, taught me a little bit about seller financing. But he also put me down, told me I wasn\u2019t a sales guy, that I couldn\u2019t do this and repeat it, which was a little bit tough to hear. When I first met Christian, he said, \u201cWell, you actually can sell, and you know what you\u2019re doing. I haven\u2019t met someone that\u2019s doing it the way you are.\u201d That really lifted me up, which is when we ended up partnering, but it was that lack of confidence.<\/p>\n

Rob:
Oh, what about now?<\/p>\n

Cody:
Right now it would go to the systems. I exited property management. I don\u2019t do that anymore, but I\u2019m limited in what I get to buy. Not can buy, but get to by the systems in place for the actual asset management.<\/p>\n

Rob:
With your mentor, just out of curiosity, was it a tough love thing, or was he just not nice?<\/p>\n

Cody:
It wasn\u2019t very nice.<\/p>\n

Rob:
Okay. He was just being an ass?<\/p>\n

Cody:
He said, \u201cIron sharpens iron.\u201d I believe that to be true. However, Christian could probably put it better. He got to witness it. It just wasn\u2019t very kind.<\/p>\n

Rob:
He said, \u201cIron sharpens iron,\u201d as a way of being a jerk?<\/p>\n

David:
That was a justification?<\/p>\n

Cody:
I feel that was a justification<\/p>\n

Christian:
From an out outside perspective, that was a\u2026 he is like, \u201cOh shoot, I can\u2019t replicate what my mentee is doing.\u201d Cody outshined him in literally everything he did, so the strategy was, \u201cWell, I\u2019m just going to tell him he\u2019s not ready yet.\u201d He needs a [inaudible 00:25:15].<\/p>\n

David:
To protect his ego.<\/p>\n

Christian:
Yeah, and Cody just absolutely carried that partnership, from an outside perspective.<\/p>\n

Cody:
He was an enabler though. I mean, I needed help, but he didn\u2019t want me to outscale it, and so that\u2019s where it got stuck. That lack of confidence really hurts a lot of people is what I found.<\/p>\n

Christian:
We ended up leaving around the time he made a statement of, \u201cYou guys need to stop buying multifamily properties, because you\u2019re making me look bad.\u201d<\/p>\n

David:
Yeah, if openly said it that way.<\/p>\n

Christian:
We could also buy more.<\/p>\n

Cody:
It was taking away his credibility.<\/p>\n

Rob:
Yeah. Okay. What was holding you back at the very beginning versus what\u2019s holding you back now?<\/p>\n

Leila:
I think that in the very beginning its lack of resources and knowledge that I feel like was holding me back. First, starting a business, lack of resources and knowledge, and lack of clarity as to even what the right resources were to try and attain, and where was the right place to go for knowledge. Then now I would say that it is overwhelm of resources and knowledge. It\u2019s in the beginning I think you lack opportunity, because you have no track record, you have no brand, you have nothing to show. You have no evidence to even prove to yourself that you\u2019re good at what you do. Then I think as time goes on and you gain all of those things, there are constantly opportunities coming at you and it\u2019s like, \u201cGosh, which ones do I pick when they\u2019re all actually good?\u201d<\/p>\n

Alex:
Early for me was I didn\u2019t understand the people component. It was for me, I was all hard science of business. Just marketing, sales, conversion rate, percentages, all of every\u2026 if it wasn\u2019t quant, I didn\u2019t care. I think that now I have a different appreciation, which is the difference between hard skills and soft skills is more that hard skills are easy to measure. Soft skills are hard to measure, but no less important. It\u2019s all the difference is. They\u2019re just more difficult to measure, but not any less impactful, and I would say arguably they\u2019re more impactful in terms of long-term.
Most starter entrepreneurs, once you\u2019re at a million, 3 million-ish right in there, it\u2019s usually when you can still muscle your way through stuff, and always save the day. But getting from there to a million a month and beyond, is all team, and having the right culture, and having the vision, and all the soft stuff that I used to throw out and be like, \u201cOh, this is all hoodoo.\u201d It totally is hoodoo when you\u2019re under 3 million, because it doesn\u2019t matter. You\u2019ve got to sell stuff and you\u2019ve got to\u2026 that\u2019s all it is. But if you want other people to do that for you, then they have to have a reason. I think that\u2019s all that\u2019s\u2026 that is the soft stuff.
Nowadays, it\u2019s still the same woman in the red dress, which is one of the analogies that I use a lot.<\/p>\n

David:
Matrix.<\/p>\n

Alex:
Mm-hmm. It\u2019s learning how to say no is actually, in my opinion, not a binary skill of like, \u201cOh, he knows how to say no.\u201d It\u2019s more that you learn how to say no at every level. When I was poor, I couldn\u2019t say no to anything. Right? But then I learned how to say no to a thousand opportunity when I was making $10,000 a month. But at that point, could I say no to another $10,000 a month opportunity? I struggled with that for years. I would spread between different things. I had at one point, I had nine businesses when I met Leila, and I was making no money, lots of revenue, no profit. Then as I continued to go up the ladder, and the thing that got me to go from nine business to one business, and then from relatively small wealth to \u201cmega\u201d\u2026 I\u2019ll put quotes here, wealth was just putting all that attention on one thing.
But even as I climbed up that ladder, some of the biggest mistakes I made in business, even when we had Gym Launch, which for the context of the audience was doing four-ish million a month, I should have just kept doing that. Instead, I was like, \u201cLet\u2019s start a software company,\u201d and then just diverted all these resources to this other thing. It ended up being a mistake that probably cost multiple eight figures, maybe nine figures for us.
I\u2019ve learned how to say no to that level now, and I still have to learn how to say no to higher level opportunities today that the woman in the red dress gets more and more attractive. That\u2019s all it is. It\u2019s your game gets up and she steps up her game, in terms of how tempting she is. That\u2019s the thing that I still struggle with all the time.<\/p>\n

David:
Go back in time and give yourself some advice. Knowing what you know now what would you tell past Ash?<\/p>\n

Ashley:
Processes and systems. Start early documenting, writing lists of everything that I was doing. From there I can take that and I can hire a VA, I can grow and scale, I can change it, but for too long I went with just, \u201cIt\u2019s in my brain, I know how to do it.\u201d But every time I did something, I\u2019d have to go back into my brain and think about it. Instead of having a list of, \u201cOkay, here\u2019s an eviction. Here\u2019s my little checklist of every single step that goes into an eviction, here\u2019s what to do.\u201d I waited until I had so many units, and it was time-consuming for me to actually stop working on my properties and go back and take the time to write out those lists and document those processes.<\/p>\n

Tony:
If I could go back in time and tell past Tony something, I think it would be to adopt an abundance mindset earlier as well. I grew up, we weren\u2019t on public assistance or anything. I wasn\u2019t on food stamps, but we grew up and money was tight, and I just always had this scarcity mindset around money. I just assumed that everyone else didn\u2019t have money either. It wasn\u2019t until I started to meet other successful people that I realized just how much money is actually out there, and how money actually flows, and I think I would\u2019ve maybe attempted bigger things that I not had that scarcity mindset early on.<\/p>\n

David:
I think I\u2019m very similar to you in that way.<\/p>\n

Tony:
Yeah, yeah.<\/p>\n

David:
It\u2019s hard to break out of that.<\/p>\n

Tony:
Totally.<\/p>\n

David:
Because it kept you alive for a while. To let go of it feels like you\u2019re going to die.<\/p>\n

Tony:
Yeah, it\u2019s scary.<\/p>\n

Danny:
Spend time in education like I did, but know when to cut it off. I think in the beginning I spent way too much time just trying to figure everything out, didn\u2019t really take action quick enough. I think I could have probably shaved three to six months off of my initial year of figuring things out, and figuring out how do I want to walk this real estate path.<\/p>\n

Rob:
Yeah, that\u2019s great. I think there\u2019s a fine line between when you have analysis paralysis a lot of the times, because you just don\u2019t know enough. You start researching, start feeling better, and then you research too much, putting yourself back in analysis paralysis. You\u2019ve got to remember in real estate, you\u2019re studying concepts, you\u2019re studying things, foundational elements that make real estate a business. But you can\u2019t just learn it all from a book. You have to actually apply the things that you read into real life scenarios. That\u2019s how you actually learn real estate.<\/p>\n

Danny:
That\u2019s how it sticks. It\u2019s codified in your mind once you\u2019ve done it. You read about it and apply it, then it\u2019s almost like permanent memory.<\/p>\n

Wendy:
There\u2019s really two things that I think I\u2019ve would tell myself. The first one is if a property manager is no good for the first few months, they\u2019re not going to get any better. I have a fault that I trust people longer than I should. This is something I\u2019ve really learned this year, that property managers are key to your success, and they will make or break it. If you have a bad property manager, you need to replace them quickly and move on.<\/p>\n

David:
You might have recognized those last two voices as Danny Zapata and Wendy Sinclair, two of the mentees that Rob and I helped to get their next deal earlier in the year. To Wendy\u2019s point about bad property managers, sometimes you got to know when to hold them and know when to fold them. It\u2019s important to know when to walk away, because certain relationships just don\u2019t get better.<\/p>\n

Cody:
If you don\u2019t have a means to get it to cashflow positive, you should figure out how to restructure number one. If you can\u2019t restructure, you can\u2019t refinance, you can\u2019t adjust the equity. I mean, there\u2019s a lot of ways to play the game. But if there\u2019s no way to get it to cashflow positive and exit, then I would walk away. At the end of the day, you can re-lever your other portfolio to pay it off, but if you have no means to get it to positive cashflow, absolutely it\u2019s a no deal.<\/p>\n

Mikey:
If you can\u2019t get through due diligence, walk away from the deal. We\u2019ve had a deal that should be absolutely phenomenal. The terms are ridiculous. The stated income\u2019s there, they just did not have the bookkeeping to back it up at all. You know what? If they can\u2019t prove they\u2019re bringing in the income, we\u2019ve seen this so many times, due diligence is not fantastic, just don\u2019t close on the deal. You need to know what you need to know.<\/p>\n

Codie:
The best predictor of future behavior is past behavior. Most often people will not surprise you as the first bad thing that person has done before. Where I\u2019ve gone wrong is not doing enough due diligence on people in the past. If they\u2019ve exited multiple companies and done well, if they\u2019ve done other partnerships well, if they have a happy marriage, if they have good friendships, if they have long friendships, I want to see duration and time of execution. Typically, we don\u2019t do that. We meet a person, in a moment in time, and we think that that person is who we\u2019re getting into business with. What you should actually do is go back and look at their history. You need a track record on excellence, because if it was a track record on poor performance, that\u2019s most likely to continue.<\/p>\n

Rob:
Do you actually go through a vetting process, or a reference check, or anything like that with someone that you want to partner up with?<\/p>\n

Codie:
Now I do, for sure. I mean, I had one deal recently go really, really bad. It was because it was a friend who I had gotten to know who I really trusted, but I didn\u2019t do the traditional background check, which I think you should do every single time. I think you should do five references that they give you. You should talk to all of them, and you should do five references you find. Those are just people you reach out to, because it\u2019s so easy to tell if somebody thinks this person is exceptional or not.
If they don\u2019t respond, there\u2019s your answer. They don\u2019t think they\u2019re exceptional. If they respond and they\u2019re like, \u201cI don\u2019t really comment on ex-partners.\u201d There\u2019s your answer. Usually they\u2019ll respond and be like, \u201cThat person\u2019s awesome. I have nothing but good things to say about them.\u201d Typically, people don\u2019t do background checks. They might call references that person gave them, but they very rarely go out and look for their own references. These are people like, \u201cI want to talk to your last five bosses. I want to talk to the last five investors that you had come into your most recent deals.\u201d<\/p>\n

Rob:
While Codie is schooling us all about how to be objective about our friends and our hires, it\u2019s also important to try to be objective about ourselves. We decided to turn the mic around back on our friends and ask them what their biggest area of improvement was in regards to their own performance.<\/p>\n

Leila:
I think often I tend to err towards the side of\u2026 because I want to make everyone feel included, and I tend to be very people focused. I don\u2019t make decisions quickly enough. Something that I\u2019m working on right now is just being more decisive for the sake of speed. I think it\u2019s good for a leader to\u2026 not lean more towards authoritative, in that they command everyone to do things, but also not like this is a democracy and everyone gets a equal vote and all. I\u2019ve tried to do a better job lately of collecting the information from my team and then making a decision quickly rather than sitting on it and being swayed, because I tend to take\u2026 I hire smart people and I want to take their opinion into account, and I truly do. I mean, I value all their opinions so much, but I have to hone in that skill of decision making, and do it faster.<\/p>\n

Alex:
I would say my last season was all about getting better at patience and getting better at brand, personally. Those are the two skills that I\u2019ve been working a lot on. But I would say my current biggest deficiency is still focus. It\u2019s still a daily struggle for me to say no to opportunities.<\/p>\n

Codie:
I\u2019m a golden retriever, so I just see little squirrels everywhere I want to chase. If you were to talk to my operators, my number twos at any of my companies, they would say, \u201cYou have to have a Codie boundary,\u201d which is basically, \u201cCodie\u2019s going to come up with a bunch of ideas. She\u2019s just going to vomit them at you frequently, and you have to know which ones she really wants to execute on, and which ones she\u2019s just bringing to you because she saw a shiny object to the left or right.\u201d
Then also\u2026 you\u2019ve experienced this, because we text a lot. I move pretty quick. Half of my texts are like, \u201cHer, him, you, them, yes, maybe no,\u201d and don\u2019t make a lot of sense. Learning to slow down, focus on less things for sure.<\/p>\n

Danny:
Double down on the systems and really committing to the systems that I use. The idea phase and the action phase is\u2026 that\u2019s never my issue. Taking action and really being committed to a path, but sticking to systems, and organizing and the things like, \u201cWhat\u2019s my KPIs? How are any of the things\u2026 all of the ideas that I\u2019ve been implementing, are they working or not?\u201d That\u2019s always something that I do better when I focus on that, or I partner with people that are really focused on that.<\/p>\n

Christian:
Go bigger sooner. Don\u2019t be afraid to expand yourself and push your limits. I tend to fall really easily into my comfort zone. It\u2019s called comfort zone for a reason, you want to stay there. But really true growth comes from stretching yourself, and trying things you haven\u2019t done before, doing things that scare you.<\/p>\n

Wendy:
Focus and stick-to-it-ness, when I get tired of a project. Those are the two things that probably plague me the most. I have no lack of energy, I have no lack of optimism. I have no lack of ability to communicate and bring people along with me. But sometimes I have a little bit of that focus challenge where I get excited about too many things at once, and can\u2019t decide which one to go for.<\/p>\n

Mikey:
Probably time management. That would be one. Second, probably time\u2026 it\u2019d be probably be time management.<\/p>\n

David:
How does that work out, in practical terms?<\/p>\n

Mikey:
You can\u2019t manage your time very well when you\u2019re answering that question.<\/p>\n

David:
You get distracted, or what?<\/p>\n

Mikey:
Okay. My personality is I can get really obsessive with things, and I can drive at them basically at full speed, but sometimes that\u2019s in a direction that actually is not the best use of my time. Then I also have the ability to pull people around me. I\u2019m one of these, \u201cLet\u2019s go, get in. All right.\u201d That can distract us. I would say, if a boss\u2026 if I had to work for somebody, they would probably critique that.<\/p>\n

David:
Yeah, Mikey\u2019s, right. We all have to figure out how to manage our time, because it\u2019s the only thing that we can\u2019t get more of. You can lose money on a deal, you could get more money. You can mess up a relationship, you can get a new relationship, but you can never get your time back. We went head on about one of the biggest myths in real estate success. Is there a stigma around chasing success and having it by a certain age? Should people listen to this, or do you think everybody\u2019s kind of playing their own game?<\/p>\n

Codie:
There\u2019s no one way to play any game, for sure. I think the most important thing isn\u2019t that you have success young, it\u2019s that you stack the deck in your favor. The way you would do that is by learning as much as humanly possible, young. I actually think\u2026 we have some mutual friends that have had a lot of monetary success, really young, but I\u2019m not sure that they\u2019ve learned the lessons that you want to learn at that age, to scale to that really big next level. If it\u2019s me, I am sacrificing short-term pay, and I\u2019m sacrificing short-term\u2026 probably I\u2019m sacrificing my short term 100K to a million bucks when I\u2019m young, and I\u2019m going to instead spend a bunch of that on learning. I think my ROI\u2026 you can only make 10% a year if you\u2019re the best investor in the world, on let\u2019s say a hundred thousand or a million bucks. That\u2019s not enough for you to live the rest of your life off of.
I\u2019d much rather put that 100K into myself, because I can ROI 100 x on the things that I learn. People don\u2019t really think like that, but they should. They\u2019re negotiating their early on salary. They\u2019re looking for some crazy arbitrage opportunity, or some hot speculative item to invest in. That may get you to that first 100K or a million, but you\u2019re going to skip all the lessons.
Then everybody, I think growth looks like a company. Typically, when you\u2019re young, when you\u2019re 15, 20, 25, you\u2019re pretty much\u2026 you\u2019re not doing much impressive from a total income perspective. But then all of a sudden the line for your income starts to go like this, if you\u2019ve been learning, because underneath you\u2019re learning like this, while everybody else is trying to do this with their salary. You want hockey stick like earnings, which means slow and then it slopes, and you want exponential learnings.<\/p>\n

David:
Delayed gratification, and focus on what you learn, not what you earn.<\/p>\n

Codie:
100%<\/p>\n

Rob:
Is success measured by age, or race by a certain age?<\/p>\n

Mikey:
I would say society says that success is a race to a certain age. The younger you are, and the younger you get to financial freedom, the more successful you are. I would say that\u2019s the push from society. I would say reality though, no. I think there\u2019s no race to success, because I think success has different pillars to it. A lot of times we look at success as just the wealth function, but we skip whether it\u2019s family, faith, fitness, all the other components. I think, when it comes to relationships especially, it takes time to build wisdom, and you end up not knowing enough at a young age. I would say no, success I think looks better as you get older.<\/p>\n

David:
Well, I\u2019m feeling a lot wiser after listening to all these smart people. What about you, Rob?<\/p>\n

Rob:
Well, I didn\u2019t know that was possible, David, because you are the wisest man I know, my friend. But for me, I\u2019ll be the first one to admit that I leveled up with every single answer from all of our guests.<\/p>\n

David:
You know what you lack in wisdom, you make up for in charm, good looks, and pure raw talent. If you guys have never heard the vast array of voices that Rob can do, he rivals even myself.<\/p>\n

Rob:
Do you want to give me a Nicolas Cage in a spelling contest? Try to spell rambunctious.<\/p>\n

David:
Give me your best Christopher Walken impression.<\/p>\n

Rob:
Wow, slow down. I\u2019ve got a fever and the only prescription\u2019s for you to shut your hole.<\/p>\n

David:
That\u2019s pretty dang good. I mean, I think that could pass as a deep fake. You guys see why we have talented people on the BiggerPockets Podcast, in case we ever run out of stuff to talk about with real estate, we can just do this the whole time. If you want to connect it to any of the wise people featured in today\u2019s show, just check out our description wherever you\u2019re listening, and you can find out the best place to follow them. Rob, if people want to find out more about you, where can they go?<\/p>\n

Rob:
You can find me over on YouTube at Robuilt, or Instagram and Threads at Robuilt, or if you happen to be at the Delta Lounge in Atlanta, I\u2019m also here recording live, so you can come say hi, if you see me talking in a microphone. How about you?<\/p>\n

David:
You can find me at DavidGreen24 on all social media. Instagram\u2019s where I am the most, or DavidGreen24.com, same goes for YouTube. They let us use handles over there now.
Thank you Rob and thank you everybody who listened. We appreciate you helping us get to 800 episodes of the finest podcast in all of the land. We hope you like this one, and we will continue to bring you future shows to help you grow in wisdom, just like my friend Rob here. This is David Green for Rob, The Massive Talent, Abasolo, signing off.<\/p>\n

Rob:
You\u2019ve got to know when to hold \u2018me, know when to fold \u2019em, know where to something, something, and walk away. Know when to hold-<\/p>\n

David:
When to hold them. Why are you singing so slow?<\/p>\n

Rob:
Let\u2019s just get to this [inaudible 00:44:12]<\/p>\n

David:
Is this chopped and screwed because you\u2019re from Houston? This is a chopped and screwed country song. We might have just started a new trend there. Someone\u2019s going to chop and screw Garth Brooks.<\/p>\n

\u00a0<\/p>\n<\/div>\n

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here<\/a>. Thanks! We really appreciate it!<\/p>\n

Interested in learning more about today\u2019s sponsors or becoming a BiggerPockets partner yourself? Email <\/em>[email\u00a0protected]<\/span><\/em><\/a>.<\/em><\/p>\n

Recorded at Spotify Studios LA.<\/p>\n

Note By BiggerPockets:<\/b> These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.<\/p>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Want to be a millionaire? We sat down with Codie Sanchez, Alex and Leila Hormozi, Mikey Taylor, Cody Davis, Christian Osgood, and other multimillionaires and distilled their most critical investing, business, and entrepreneurship advice into one episode. But we couldn\u2019t unleash all this wealth-building content on any old episode, so we packaged it up and […]<\/p>\n","protected":false},"author":5,"featured_media":8602,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/08\/REP_800_WEB.jpg","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-8601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/8601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=8601"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/8601\/revisions"}],"predecessor-version":[{"id":8603,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/8601\/revisions\/8603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media\/8602"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=8601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=8601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=8601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}