Why You Don't Need Money To Build A Real Estate Portfolio

Well, I think that, you know, What happens in the cycle of an entrepreneur or the journey of a real estate investor, entrepreneur, however you want to say it, is you start out with zero, with very little, unless you've walked into a trust fund or inheritance of some kind.

Most of us start out with very little.

And so we approach the marketplace, we approach deals, partnerships, opportunities with this very like eyes wide open, like opportunistic, abundant mindset.

And there's this sort of like mentality.

I'm reading a book by Dean Graziosi.

It's called The Underdog Advantage.

It's like this This mentality of like, you'll do, you'll run through walls to make this work, right? You'll, you'll figure anything out because you want to make it so bad.

You're, you, you're the underdog.

You don't have any money.

You don't have any resources.

It seems like the odds are stacked against you.

And so you adopt this like fighter mentality and that fight mentality, that, that inner like belief system that's like based on, borderline irrationality, if you make it, it drives you further and further into different opportunities and it gets you results.

In my life, I know you've been the same.

I started out with very little and I was looking at real estate assets going like, okay, they're in the hundreds of thousands of dollars and I've never had more than five grand in my bank account.

So what looks impossible is The entrepreneur gets good at understanding how to put together puzzle pieces and take it down with limited resources.

I think one of my definitions or favorite definitions of being an entrepreneur is creating something out of nothing.

I'm not always like drawn to or taken by entrepreneurs who are like, well, I started with a million dollars and then I went and built this and this and this.

I'm like, okay, that's cool.

But like, what about the guy or gal who starts with nothing? It builds something out of thin air.

And I think that's like the essence of entrepreneurship.

Now, what happens in the journey of being a real estate entrepreneur or investor, however you want to coin that, is at some point, wealth and cash flow, equity, what do you want to call it, kind of sneaks up on you.

So you turn around and you go, okay, well, I'm worth something now.

I have whatever, maybe you have a million dollars in equity or whatever that is.

And you start to look at that money as... or that equity as this thing that's sitting there that needs to be managed.

And rightfully so, because equity can get slow in a property.