In this episode of the Be Someone Podcast, Michael Hoang interviews Wyatt Reed, a successful real estate investor from northern Alabama. Wyatt shares his journey from working in manufacturing to becoming a real estate investor, discussing the importance of networking, finding deals, and the motivation behind his work. He emphasizes the significance of relationships in business and how they can impact one's success. The conversation also covers marketing strategies, funding options, and the role of local banks in real estate transactions. Wyatt shares valuable insights on his first deal, the importance of taking action, and the mindset needed for success in real estate. The episode concludes with book recommendations and resources for new investors.
Takeaways
Your friends can change your life.
Finding your 'why' is crucial for motivation.
Networking is essential in real estate.
Don't just check the box of giving; be involved.
Real estate can be a vehicle for helping others.
You can find deals through various marketing strategies.
Funding options include hard money and private money.
Local banks can be great partners in real estate.
Books like 'Rich Dad Poor Dad' can change your perspective.
Take massive imperfect action to achieve your goals.
#realestate #entrepreneurship #networking #motivation #funding #marketing #mentorship #success #investment #personal growth
Chapters
00:00 From Manufacturing to Real Estate: Wyatt's Journey
03:30 Understanding Your Why: The Purpose Behind Real Estate
06:28 The Importance of Community and Connection
09:24 The Hustle Season: Balancing Work and Family
12:12 Finding Your Tribe: The Power of Real Friends
15:14 First Steps in Real Estate: Wyatt's Initial Deals
18:19 The Mindset of Making Offers: Embracing Rejection
21:24 Navigating Financing: The Role of Hard Money
24:29 Seller Financing: A New Approach to Real Estate
27:31 The Value of Flexibility in Real Estate Investments
30:23 Creative Strategies: Understanding Local Market Differences
33:21 Legal Considerations: Navigating the Dodd-Frank Act
42:47 Evolution of Business Strategy
45:50 Innovative Deal Closing Techniques
48:59 Mission-Driven Real Estate Investing
51:46 Finding Deals in Today's Market
54:37 Effective Marketing Strategies
57:39 Funding Strategies for Real Estate
01:03:37 Leveraging Local Banks for Financing
01:09:58 Influential Books and Personal Growth
01:12:42 Giving Back to the Community
How to Get in Touch with Wyatt Reed:
LinkTree: linktr.ee/wyattreed
If you want to talk about deals or if you have deals in Houston area, DM Michael Hoang on his:
Instagram: @michaelbesomeone
or shoot him a message at 832-301-9672 (text first before calling)