Some of the most successful people in the world had to start from nothing, or start fresh in a completely different place.
On this episode, we talk to real estate entrepreneur, author and podcast host, Reed Goossens, who shares his story from Australia, starting his real estate investing business from the bottom up and what new investors can learn from his experience.
When you reach the limit of your own portfolio, that’s when you leverage the power of other people’s money. -Reed Goossens
Three Things We Learned
Local banks are a great source of capital
Never underestimate the power of the local relationships with banks and bank managers. It’s one of the best ways to access money for deals. We don’t necessarily have to get money from the big banks, if we leverage community banks we can actually solve our funding issues.
Success takes consistent effort
Success is not about not putting in effort and then having one huge breakthrough moment. It’s about taking consistent action everyday, always following through with our goals and continuing to educate ourselves.
We build wealth by smartening up
A fool and their money are easily parted. In order to not be a fool, we have to educate ourselves; whether that’s getting coaching and mentorship or consistently being willing to level up. In the real estate investing business, our success is very closely tied to what we know and how willing we are to expand on that.
The truth about life, and what we can learn from Reed’s story is that consistency and persistence pays off. We must be willing to learn and constantly find opportunities to level up. But that information also needs action behind it. Ultimately, we have to be willing to bet on ourselves. If we’re not willing to take that chance to live a life of freedom, we’ll ultimately regret it.
