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What's the key to building with the end in mind?
In today's conversation, William Hollis from 24 Capital Group sits down with us to discuss the transformative power of partnerships and mindset shifts. From doubting his ability to invest to raising millions for real estate investments, he underscores the significance of picking the right partners, aligning core values, and harnessing others' strengths to craft a business that’s tailored to your goals. Moreover, he reflected on how he shattered his limiting beliefs and gained the confidence to pursue a career in real estate.
Listen as Hollis reveals the secrets to effective networking and strategies to help you kickstart your investing journey.
[00:00 - 06:52] Out of the Box Way of Getting into Real Estate
Hollis talks about his background, what sparked his interest in real estate, and how he overcame his limiting belief that he couldn’t buy a house
Real estate has gotten more expensive, and you can leverage partnerships to take down deals
[06:53 - 11:49] How to Effectively Select and Vet Partners
When looking for partners, think about what you can offer them and what you can bring to the table
Alignment of core values is essential when forming partnerships
Creating connections with others, even outside the real estate industry, can potentially lead to future partnerships down the road
Hollis breaks down his business card system and how he’s mastering the art of following up
[12:24 - 15:16] Less Hustle, More Freedom
Partnering or hiring, seek those who complement your skills and excel where you may have weaknesses
Hollis explains how he’s getting things done just by sitting on his armchair
He’s actively shaping his business with a long-term goal of making it more and more passive
[15:27 - 25:25] Mindset Matters
Learn to educate yourself through available resources
The more you know about something, the more confident you become
Start with something small and simple to move the needle and progressively move forward
The way we think affects the results at the end of the day
[25:26 - 32:08] Wrapping Up!
Don’t be afraid to fail and fail forward
Understand the amount of money you need to support the lifestyle you want
Connect with Hollis through @reihollis on Instagram.
Key Quotes:
"The more you can bring to a relationship, the better quality of partners you'll find and the more help that you'll get from others." - Hollis
"If you focus on your unique ability, you'll get a lot farther because you're doing something that you enjoy, right?" - Hollis
“You can own a hundred percent of a hundred thousand dollars, or you can own 10 percent of a million dollars. It's the same amount of money, but one of them is going to be a heck of a lot more work." - Hollis
Resources Mentioned:
The 12 Week Year by Brian P. Moran and Michael Lennington
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