BTM159: Vertical Integration? How To Grow Your Real Estate Business Profitably with Colin Douthit

Currently managing over 300 units after only being in real estate for three years, it’s clear that Colin Douthit, today’s guest, knows how to invest and how to do it well.

He realized early on that he needed to be far more profitable to create the life he wanted so he took a hard look at his business and portfolio to understand what was working and what wasn’t in hopes that he could do more of the former.

The end result came in the form of a brand new business. Since Colin had managed his own units efficiently in the prior months, he had the expertise and manpower to vertically integrate his business – coming out on the other end with two businesses.

Colin has a construction company that followed the same model and is constantly looking for ways to become more profitable by systematically building a network of businesses that compliment each other. In today’s episode, we discuss exactly how this can translate to your endeavors.

Links Mentioned in Today’s Episode:

Colin’s Website

Recommended Book:

Atlas Shrugged by Ayn Rand

Listen to this books for free with Audible!

Lifestyle Design App:

Everlance: Mileage Tracking

BTM119: 3x Revenue In 90 Days (Step by Step) with Monica Shah

7 figure business owner and revenue coach, Monica Shah, is on the show today and cover a wide array of topics that stem from 3x’ing your business revenue in 90 days or less.

Monica Shah has travelled all over the world catering to women and helping business owners thrive in their pursuits. If you’re struggling to understand what to focus on in your business or you are falling short of your revenue goals, this episode will give you a step by step process for blowing past your progress markers!

 

Key Points From This Episode:

  • Money exercises that will change your life
  • Fear, resistance and procrastination awareness
  • How to release judgement and shame around money
  • Why sacred time is important
  • The #1 thing to focus on in your first 2 years in business
  • How to measure your value

 

Links Mentioned in Today’s Episode:

Monica’s Website

Before the Millions Book:

Surrender Experiment by Michael J. Singer

Listen to this books for free!

Lifestyle Design App:

Headspace

 

BTM118: Your Real Estate Strategy Sucks (here’s why)

Have you been taught to save up all of your money for the down payment of your 1st investment property? Has it been a struggle to do so? If I knew then what I know now, I would definitely reconsider. These days, I’m equipped with much better strategies and I discuss exactly how you can improve your investing model with 1 simple shift.

 

Key Points From This Episode:

  • Why down payments on your 1st investment can be detrimental
  • a real estate business vs a real estate hobby vs a real estate investment
  • the one big flaw when it comes to starting your portfolio

 

Links Mentioned in Today’s Episode:

Before The Millions Workshop

Listen to your next 2 audio books for free!

 

BTM112: Real Estate Way to Wealth And Freedom

Daray is a successful Real Estate Entrepreneur and Business Coach. He mentors overwhelmed and unfulfilled employees in the professional world through the process of creating and building a lifestyle business through real estate investing so that they can escape the rat race and live a life of their design.

While simultaneously growing his passive income portfolio of real estate assets and business accolades, he’s channeled his burning desire to help others by urging a change in their beliefs about who they are and what type of lifestyle they’re able to achieve with the right mindset, focus, and leverage.

When Daray isn’t working, he can be found traveling, trying new cuisines, volunteering at Start of Hope and on his social media platform of choice Instagram.

 

Key Points From This Episode:

  • Trading your time for dollars vs. trading your value for dollars
  • Burning out working a 9-5 for a Big 4 accounting firm
  • Pursuing your true passions and talents
  • House hacking a 4-plex as your first investment

 

Links Mentioned in Today’s Episode:

Recommended Book:

12 Week Year

Listen to this books for free!

 

BTM 92: The Mastermind Blueprint (Growing Your Real Estate Business)

As a real estate entrepreneur, I’m sure you’ve heard that half of all businesses fail in their first year, 80% are gone within five years and that 96% of all business fail within 10 years.

I know just how hard it is to work a full time job, invest in real estate and create/run your business on the side. In 2017, I ended a successful career as a financial professional to pursue my own journey of full-time, self-employment, so that I could do the work that I felt most called to do.

Having being groomed as an “employee”, I realized just how much I didn’t know about what it took to actually own and operate my own business.

My first full year fending for myself was brutal. It was riddled with self doubt, overwhelm from all that I believed, and lack of clarity of what I needed to focus on next.

As a result, that first year was the most difficult year, that I have ever experienced in my lifetime.

However, it was all so worth it! With that being said, when I look back at all the challenges that I faced, I realized that it didn’t have to be so hard.

In this episode, Paul Thompson and I share how involvement in a healthy mastermind group as helped to turn things around for us and countless others on the journey to full-time self employment.

Masterminds have had such a profound effect on me that I knew by launching my own I could help that that same effect on others and their businesses.

Are you looking to build a successful business around your real estate investing efforts?

If so, then I warmly welcome you to apply and be apart of the Before the Millions Mastermind. So that together, we can take your business to all new heights!

 

Key Points From This Episode:

  • You have a one of a kind message, no such thing as oversaturation
  • How to build a suite of products from scratch
  • Why you should create a channel to enhance your business
  • How to start your own mastermind
  • The structure, length and content needed for successful masterminding

 

www.pauldavidthompson.com/jumpstart

www.beforethemillions.com/mastermind