Be Resourceful

[00:00:00] Mike: [00:00:00] What’s up. Hey, welcome back to the show everybody. Hey, today I want to talk to you about resources very specifically. If you’re just getting started and you don’t have many resources, maybe you find some comfort in knowing that even some of the most successful business people in the world, everybody, everybody, everybody, everybody has limited resources.

Yours might be more limited than the next guy, but that doesn’t mean you can’t be successful. That’s what we’re going to talk about today. Welcome to real estate investing secrets. We’re all looking for freedom and the opportunity to live better, more fulfilling lives, but most of us were trained our entire lives to work for someone else and chase their dreams.

How can we use real estate investing as a vehicle to achieve financial freedom? My life is dedicated to answering your real estate investing questions and helping you build an investing business that allows you to change your life and the world around you and to enable you to turn your dreams or financial freedom into a reality.

[00:01:00] My name is Mike Hambright from flipnerd.com and your questions get answered here on the real estate investing secrets show. What’s up everybody? Hey, today I want to talk to you about resources, and no matter who you are, you have limited resources. So it’s not about the resources that you have now. It’s about how you can be resourceful with what it is that you have.

Right? So let’s talk about that a little bit. Now, before we get started, I would like to ask, going forward, I’m going to really try to put a lot of focus for our shows on answering your questions. So go to flipnerd.com/ask. Flicker.com/ask ask and ask your question there. If it’s a good question that I think a lot of people would get value from, if it’s something really obscure or we might not answer that one, but if it’s something that I think a lot of people would get value from, then I’ll use your question.

And cover that on an upcoming show, and I’ll shout out who you are too and give you a little credit for that. So appreciate you helping me come up with new ideas. I could come up with ideas for shows [00:02:00] all day long, but I’d rather answer your questions instead of come up with ideas that I think you might be curious about.

Let’s talk about resources. At the end of the day, a lot of new people, this is a problem with a lot of newer real estate investors, newer business people, is that they get hung up on that. They don’t have any resources, and the fact is is you have something, and I promise you, do you either have a, you might have some connections, you might have time.

A lot of people. Don’t necessarily have money when they’re starting, but I can tell you even some of the most successful real estate investors you’ve ever heard of, even multi-billionaires, they never have enough money of their own, right. The question is, is how do they get resourceful with other resources that they do have to get more of that?

How do you leverage it? It’s all about leverage, right? Leverage isn’t just about money, it’s about connections. It’s about time. It’s about knowledge, a number of other things. So what I would, what I would have you do is look and see what it is that you do have, right? If you have time, you could leverage that.

You could go work [00:03:00] for somebody else. You could make some suggestion of how you could use that time. To help somebody else that has the knowledge that you want, so you leverage your time into their knowledge. The truth is, is, uh, for somebody like me, if I had somebody that came to me and said, look, I have a lot of experience managing sales teams and we hit it hard.

I want to come on and work for you for free and build out a sales team and I’m going to help take your business to the next level. You know, if I liked the person, I vetted them out a little bit, there’s a good chance that I’d be like, Hey, game on. Let’s do that. Right? Cause one thing that I don’t have a lot of, or enough of his time, my time is more tax these days and I have to find more resources to kind of grow my business or businesses.

So there’s just a hypothetical example there, but just think of the resources that you do have. Like imagine you got stuck on a desert Island and you seemingly had nothing right. You could look around and see, well, what can I find? Can I find this stick? I have a knife. I could carve this stick and turn it into a spear so that it’s a weapon.

So you can leverage your knowledge and some of the resources you have. And to do other things [00:04:00] for you. It could be that you have some piece of metal and you find some way to use that. So just kind of scour around, pretend like you’re on a desert Island, which would be a much worse scenario than what you’re in right now, I assume.

And just find out the tools and time and just make a list of all the resources that you have access to and start to think about how you could leverage that. To help other people. At the end of the day, real estate investing is ultimately about helping other people solve problems. Uh, usually it’s a seller, but sometimes it could be another investor that might be able to teach you some things.

It could be a mentor or coach. It could be lots of other things that they have something that you want more of, and it’s usually. Knowledge or sometimes it’s money, right? It’s often not their time. They don’t have enough time. And if you don’t, if you feel like you don’t have a lot of resources, the truth is, is your probably your biggest resource is your time.

And another big resource for you might be your. Um, you are how hungry you are. Like if you’re hungry [00:05:00] and you’re resourceful, you can make it in this business even if you don’t have any money. So anyway, stop focusing on the resources that you don’t have and focus on the resources that you do have. And even if they are seemingly small, then figure out how to get resourceful with those resources.

How do you leverage those? How do you use those to the best of your ability to get you to the next level even when you’ve. Made it and you’re super successful. I promise you, you’re going to understand this even more. You’re going to start to say, these are the resources I have. I’m doing, I’m trying to do more and more multifamily deals now.

In the past, I never needed the raise the kind of money that I did for single family, for multifamily, and so well, how do I leverage what I have now? Contacts, relationships, my network into bigger deals, for example. So no matter what level you get to, you always have this issue. So that’s my lesson for today.

Hope he gets some value. Again, if you, uh, if you haven’t yet, I’d love to answer your question. If she could have flipped her.com/ask and ask a question there. If it’s a broad based question and I think a lot of people would get some value [00:06:00] out of a, then we’ll use that on the show. I’d love to create more and more content.

Honestly, if we get enough questions and there’s enough question flow coming in, I have no problem ramping up. Are, uh, video, uh, videos that we put out shows that we put out. So flipper.com/ask ask your question there. Uh, or if you’re watching this on social media, just comment down below. That’s, that’s good too.

You will find it. So appreciate you a ton. Hope you have a great day. Get resourceful, my friends wishing nothing with the best happy investing. See ya. Thanks for listening to today’s show. There are three ways I can help you start or grow your real estate investing business. If you’re a new investor in just getting started, the FlipNerd investor coaching program is the most effective program in America.

I’ve been coaching and mentoring new real estate investors for 10 years, and my students have literally purchased thousands and thousands of properties. Many of them started with little to no experience at all. Our program is a paint by numbers program. Where we tell you exactly what to do week by [00:07:00] week to make sure that you don’t get distracted on your way to results.

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