Grow Your Real Estate Investing Business Faster with Partners – Episode #429
Aug 11, 2023
Grow Your Real Estate Investing Business Faster with Partners – Episode #429
It's a fact that you can grow your real estate investing business faster with partners when you find people who have skills you lack. Instead of trying to master everything, why not focus on what you do well and partner with someone who can fill the gaps? That's exactly what today's guest, Ace Hagerty, did. Rather than try to do “all the things” and become a “jack of all trades,” he found partners that could make his business grow faster than trying to do it alone.
Ace is a structural engineer and a Nashville-based real estate investor. He flipped his first house nine years ago. Since then, he's flipped over 200 houses and inspected thousands of residential and light commercial structures. Ace has a portfolio of long-term and short-term rentals and is currently developing from the ground up!
[00:33 – 07:42] Opening Segment
Introducing Ace to the show
He started out working as a laborer to gain exposure to how structures are put together
Ace's first flip was a short sale deal that he split with his broker, netting them $90,000
[07:43 – 22:09] How to Accomplish Big Goals with the Help of Others
When applying for loans, banks look more favorably on a history of successful projects
Making mistakes when the stakes are small can save you from making big mistakes later
Stick to areas of strength and find people to supplement weaknesses
Form relationships by looking at how to be of service to people
The importance of nurturing relationships on a personal level and believing in synchronicity
[22:10 – 34:41] Discovering Your Superpowers: How to Find Your Mission, Identity, and True Purpose in Life
Chasing money or an idea like financial freedom will not get you there
Be of service to people before expecting to receive anything, as it will come back tenfold
Superpowers include the ability to focus; connect with people on a human level; discover who you are, what your mission is, and what your superpowers are
[34:42 – 46:12] How to Overcome Mindset Problems and Reclaim Your Power
Ask yourself what you want in life, not what others want of you
Leverage pain and pleasure to rewire your brain
Use pattern interruptions to break old patterns
The key to success is the 6 inches of real estate between our ears
The more disciplined you are, the more freedom you have
Daily habits and rituals help maintain focus and alignment
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