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:
Recommended Book:
Atlas Shrugged by Ayn Rand
Listen to this books for free with Audible!
Lifestyle Design App:
BTM157: 0 to Financial Freedom in 18 Month Through Land Flips with Jack Bosch
Starting with nothing but two suitcases and a mountain of student debt, Jack immigrated to the US from Germany in 1997. Seeking out his own version of the American Dream, Jack bought and sold over 4000 pieces of property and was able to help build his company into the 3rd largest land investment company in the US.
On today’s episode, we discuss Jacks rocket-like trajectory after spending years in corporate america with the same salary year after year. In his first 18 months as a land flipper, Jack amassed his first million dollars and then grew his company to the multi-millions in just a few short years.
Today his family travels 2-4 months a year, designing their business to fit their lifestyle.
Key Points From This Episode:
- How to break the earn-spend cycle
- Why Jacks immigrant mentality helped pave his success
- How Jack made his 1st million in 18 months
- Jack’s philosophy on Tenants, Toilets and Termites
- The biggest reason why most land investors fail
- The opportunity for land investing in the next 20 years
Links Mentioned in Today’s Episode:
Recommended Book:
Secrets of A Millionaire Mind T. Harv Eker
Listen to this book for free with Audible!
Lifestyle Design App:
BTM138: Investor Takes on 95 Countries with Full Time Job with Maurice Philogene
Today’s guest, Maurice Philogene is a full-time consultant in corporate america, multifamily investor, restaurant owner, reserve in the US Air Force and police officer.
Maurice is also an avid traveler and has visited over 95 countries to date because of how he’s been able to design a lifestyle without limits through real estate and other business ventures.
How does he do it all? How has he created a lifestyle that best suits his wants, needs and desires? Find out on today’s episode.
Key Points From This Episode:
- The intersection of exposure and discontentment
- How to understand your life in days instead of years
- How Maurice acquired 10 rental properties in his 1st year
- Why owning a restaurant shouldn’t be about the money
- The power behind social investments
- Why Maurice transitioned from sfr to apartments
- How to raise your kids to appreciate lifestyle design
- Maurice’s unique outlook on marriage
Links Mentioned in Today’s Episode:
Recommended Book:
Vagabonding by Rolf Potts
Man’s Search For Meaning by Viktor Frankl
BTM137: NFL Players Transition From Employee to Entrepreneur
The transition from employee to entrepreneur can be one of the most difficult things to do in your life. It seems as though you are leaving a life of stability to a life of uncertainty.
But in today’s day and age, more and more of us are see the writing on the wall. Our safe and secure job is not a safe as we’d like to believe.
In this episode I decided to use the NFL industry to study football players and their transition to normal life (and for the savvy, to an entrepreneurial life). Almost 80% of NFL players go broke with 2 years of leaving the league. Why is this? Could there be some parallels between our transition from a W2 job to Real Estate?
Today we study the do’s and don’t when setting up your financial future, lifestyle design future and the world after being a lifelong employee.
Download our real estate guide & take your free newbies assessment here!
BTM 123: The Corporate Lie
Daray Olaleye and Matthew Baltzell discuss why “the Corporate American Dream” doesn’t lead to happiness or freedom. Daray explains “it was ALL a big lie!”
Key Points From This Episode:
- Building a Real Estate Empire – Monopoly Style
- The single day that changed Daray’s life
- How to get the real estate ball rolling
- Why the fear of success is more prominent that we know
Links Mentioned in Today’s Episode:
Recommended Book:
4 Hour Work Week by Tim Ferris