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Wednesday, 23 October 2019
Agent Resource Center
Agent Resource Center

You Are Who You Hang Out With

Written by Posted On Friday, 11 May 2018 11:55

Over the years, I’ve learned that the great things about humans are that we can reinvent ourselves. If we are not happy with who or where we are in life, we can do something about it. I’ve also learned that we tend to hang around like-minded people. This can be both good and bad, depending on who you surround yourself with and where you are trying to go.

The truth is that if you want to be a great chef, then you should be hanging out with chefs. If you want to be a great real estate investor, then you should be hanging out with great real estate investors. Who we hang out with determines who we become, so while on your real estate journey, you should choose your friends wisely. Here’s why.

Real Life Experience

Those with an interest in real estate investing usually start by look at books, blogs posts, and videos. Although this book knowledge is great, there is nothing better than talking with those that have first-hand experience. They have been where you want to go. They have a roadmap that works that can keep you from reinventing the wheel. There is no need to spend years of trial and error because your “new friends” will tell their success and failure stories, and you will learn valuable information.

Doers and Shakers

If you surround yourself with active, successful real estate investors, you will find that they are always doing something related to real estate. These are the people that don’t see obstacles but opportunities and can find the right opportunities with ease. When with these entrepreneurs, you will learn how to find opportunities that continue to move you toward your ultimate goal.

Love Ideas

Successful people love ideas. Because they are confident and less fearful than unsuccessful people, they can see the value in ideas that are different than their own. They are always willing to look at the new and different to see if an opportunity is present. Being around people who look outside the box for opportunities is a great way to find success.

Want To See You Succeed

As you change to become a successful investor, your older friends may not appreciate your newer interests and may be unhappy that you are trying to change the status quo. If your old friends and family aren’t actively pursuing a more successful lifestyle, they may show signs of jealousy. They may even do or say things to sabotage your success in order to justify where they are in their own life. Successful real estate investors, on the other hand, have nothing to lose if you succeed. In fact, since success breeds success, they are happy for your successes that will bring them closer to more success.

Collaboration

Studies have shown that most people work better in a collaborative environment for many reasons. For instance, it is easier to bounce ideas of off others who have similar interests and have been through similar situations. It is also a great way to stay accountable. When like-minded investors ask how your business is going, you’ll be more motivated to have tangible answers at the ready. In general, as you collaborate with real estate investors, you will find that you become more confident, motivated, and productive.

Synergy

Synergy is a term that means that two or more people working together can achieve far more than they can by themselves. Jim Madrid from advanced sports technology and expert in the field of neuroscience says, “The people you hang out with has a direct impact on the way your brain works.” That’s why it is so important to spend time and pay attention to those that are doing what you want to do and becoming what you want to become. As you seek out those who will benefit you on your journey, you can also provide insights that will help them on their personal journey. Together, you can create synergy.

I firmly believe that you should find ways to be in the company of other successful real estate investors if this is what you want from your life. When surrounded by those who have made it, you will be reminded of what you want and how to get it. Remember, you can’t be a duck and expect to fly with eagles.

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John Trautman

John Trautman has spent his entire adult life in real estate. Purchasing his first property at 23, he learned the process of flipping and real estate holding from the ground up. Real estate continue to be his passion while he spent eight years as an account executive and later a vice President for Washington Mutual in the mortgage division. Holding the position of President’s Council and several years of President’s Club, he learned the lending business from the mortgage office perspective and lender perspective. Throughout his life he has also been a small business owner, commercial real estate holder, property designer, and house flipper.

During the downturn, John followed the deal to Detroit, Michigan, where he invested in single family rentals and multi-family dwellings. Once his returns were realized, he moved quickly to Arizona to invest in another distressed market.

His passion for making a deal and real estate has lead him to create a hands-on real estate investment mentoring club called Real Estate Knowledge Institute

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