E285 Sam Wilson - Diversify Your Real Estate Portfolio, Maximize the Benefits of Any Market Cycle and Leverage Your Unique Background for Complete Lifestyle Transformation
What do successful investors have in common? And what does it take to be a better one? Our experience working with successful investors tells us that above and beyond hard work and dedication, mindset plays a crucial role in developing a successful investment portfolio. So, what particular mindset sets an extraordinary investor apart?
Sam Wilson of Bricken Investment Group reveals the answers in today’s episode. With ten years in the investing business and having built a diversified portfolio of several asset classes, Sam has learned from experiences, both pleasant and painful, what mindset to keep in order to benefit from any stage of the market cycle. From humble, working-class beginnings, he has achieved abundance and transformed his life. Listen and be inspired!
Key Points from This Episode:
Sam’s backstory and upbringing that honed his entrepreneurial flair.
Sam describes the period filled with panic and fear between selling his business and getting into real estate.
How did Sam gain clarity on the direction to take and decide on the path to real estate?
Why Sam struggled to focus on one asset class in the beginning and ended up investing in a broad range of asset classes.
Why did Sam become more selective and discriminating with his investments now?
Why did Sam decide to focus on laundromat facilities and target this for investment growth and scale?
Sam’s reading on the real estate market and the strategies he’s employing to cope with the changes.
What type of mindset influences Sam’s actions and decisions amidst a changing and dynamic environment?
Sam answers the Rare Air Questionnaire.
Tweetables:
“Do not mistake activity for progress.” - Sam Wilson
“You don't have to say yes to everything. Find the ones that make sense for you now.” - Sam Wilson
”It’s not ‘no’ or ‘never’; it's ‘not yet’.” - Sam Wilson
“I want to stop trading time for money. And the only way I can do that is to scale.”- Sam Wilson
“People who take care of their health take care of their health in any market cycle.”- Sam Wilson
“I always assumed that success was for somebody else.” - Sam Wilson
“Be aware of your handicapping behaviors, stop those and start refining and perfecting the one thing you're focusing on while accepting that success is for everyone.” - Sam Wilson
“There are not many things I've gotten right but there are a lot of things I've gotten wrong.” - Sam Wilson
Links Mentioned:
Mastering The Market Cycle: Getting the Odds on Your Side by Howard Marks
About Sam Wilson
Sam Wilson is an active investor in self-storage, parking, retail, multi-family apartments, RV parks and single-family homes. He hosts the “How to Scale Commercial Real Estate Podcast”, where he interviews real estate experts to give listeners the tips, tools, and tricks to scale their investment portfolio.
Sam holds a bachelor’s degree in business finance from the University of Memphis and holds his real estate license in Tennessee. In addition to his years of real estate experience, he also has a diverse background in business ownership, building construction, and management.
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Brought to You By CF Capital
This episode of Elevate is brought to you by CF Capital, a national real estate investment firm. CF Capital’s mission is to provide property investment and asset management solutions to help investors like you maximize their returns by investing in high-value multifamily communities.
If you are looking for risk-adjusted alternative investments in quality apartment communities, and are seeking tax optimized cash flow with appreciation upside without all the hassle of management, you might benefit from learning more about investing alongside our team.
You’re invited to reach out and learn how you can invest with us by visiting cfcapllc.com.
We’re also currently offering a free ebook called The Bottom Line - 10 Ways to Increase Cash Flow in an Apartment Complex. Whether you’re a new or an experienced investor, we’re confident you’ll find massive value in this resource. Get your free copy today at cfcapllc.com.