The Fatal Flaw Biggest Mistake in Real Estate Investing With Private Money #Shorts

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Today's guest, Steve Trang is the founder of the Real Estate Disruptors movement. He started the Real Estate Disruptors podcast in the middle of 2018 to inspire wholesalers and real estate agents to double their incomes by adding a 2nd leg to their business. The podcast has now grown to over 35,000 subscribers with new members of the community sharing their success story every week.

Steve also created the OfferFast Homes app. The purpose of the app is to help wholesalers jump start their career faster by putting all of the buyers in one place. The hope is to minimize the challenge of building a buyer list when getting started in wholesaling. OfferFast has now merged with InvestorLift to create a nationwide network.

Steve's legacy will be to create 100 Millionaires. One of his favorite quotes is from the great Zig Ziglar: "You can have everything in life you want, if you will just help enough other people get what they want."

He heard this quote when he first got into real estate, and it has stuck with him throughout his entire career. In fact, it's essentially one of the core values Steve lives by.

Since starting Stunning Homes Realty brokerage in 2013, Stunning Homes Realty has over 130 agents. In the greater Phoenix area, his company has almost 1% market share. One out of every 137 homes in Phoenix metro is sold by Stunning Homes Realty.

people are hearing your advice and your guest advice every month. So you got a lot of data. Yes. You got a lot of statistics. You got a lot of experience in working with people that hadn't had the coaching. What are some of the top common mistakes that you have witnessed real estate investors making in talking with or negotiating with or the lack of negotiating with sellers?

So let's start with the common mistakes. Yeah. So I would say there's two really big ones that jumped to mind. First is they believe they can win in charisma alone. They've been, they're the ones that can get away with anything, right? They can talk themselves out of any trouble and so on, which is great.

Where there's nothing wrong with that. But because they're naturally gifted, they feel like they've got it and they don't need to improve any further, right? So the reason why they're capped is because they don't feel like they need any more coaching. So that's the first thing that's unfortunate.
And, and the reason why it's really unfortunate is because they've got so much natural ability that they can work on that just a little bit. They'll double or triple their income, but because they're naturally good, they feel like they don't need to add to it.

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DISCLAIMER: Jay Conner is not a financial advisor, real estate broker, licensed mortgage broker, certified financial planner, licensed attorney nor a certified public accountant, therefore consult with a professional prior to making any real estate investing.

The $80K Profit Real Estate Deal in Morehead City, North Carolina
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Producer: Scott Paton
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