An Interview with David Phelps

David Phelps is one of those guys who can legitimately be called a “Real Estate Professional.” He’s got so much experience under his belt from both a fix and flip and wholesale perspective, and also from a private lending and equity side, it’s hard to believe all that is crammed into one person. In this quick conversation, Kent chats with David about the specialized way he approaches helping dental professionals make the most of their opportunities to invest for retirement. Sound interesting? It is, so make sure you listen.

Relationship capital is your biggest asset in real estate investing. Click To Tweet

When Kent asked his guest, David Phelps, what advice he’d give his 20-year-old self if he were able to, David immediately turned to the issue of relationships. It took David a long time to realize that it wasn’t so important that he has the nice desk and corner office and fancy business cards. What was important was that he was making connections with people who he could serve and others who could help him make things happen. His advice about building the right kind of relationships from the start of your real estate business is priceless, so make sure you hear him explain it on this episode.

Go find the people who are more experienced and smarter than you to help you succeed. Click To Tweet

All of us want to be a self-made person. But the problem is that if you only have a certain amount of experience and knowledge, you only have that to bring to the table. You’ve got to look outside yourself, become a student, and learn from others who have been where you want to be. In this conversation, David Phelps highlights how important it is to surround yourself with people who are playing a bigger game than you are and committing yourself to learning all you can from them. That’s what sets you up for success in real estate investing.

Get the right people around you, the ones who can take up the slack where you are weak. Click To Tweet

As your business begins to grow you’re going to find yourself loaded up with more and more important stuff to do. It won’t be long before you have too much stuff to do and the minor things seem to be the ones that scream for your attention the most. That’s when you’ve got to learn how to build a team and delegate things to competent people. But it’s not as simple as that, is it? On this episode David Phelps explains why delegation is so important and how it frees you up to be the one driving the company forward, so be sure you listen and learn.

The easiest way to let go of stuff is to focus on what you are most passionate about. Click To Tweet

Many people have a hard time knowing what to delegate to others, or even if they should delegate certain tasks at all. How do you know? David Phelps says the easiest way he’s discovered to know what should be delegated is to stay focused on doing ONLY the things that you are most passionate about. Everything else is the stuff you should delegate. David has lots more common sense advice like this to share, so check it out on this episode.

 

Outline of this great episode

  • Kent’s introduction to his friend David Phelps, a new member of the REWW team.
  • Lessons David would teach to his 20 year old self if he could.
  • If you’re not good at an aspect of your business, find people who are and partner.
  • You’ve got to find the right mentors and coaches to help you succeed faster.
  • The genius David has demonstrated by stepping in to fill a void in the market.

 

Resources & Links mentioned in this episode

 

 

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About the Author

Kent Clothier is President and CEO of Real Estate Worldwide (REWW), a multi-faceted real estate education company with headquarters in Scottsdale, Arizona, San Diego, California, and Boca Raton, Florida.

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Mr. Clothier is an expert in real estate investing. As such his experiences are not necessarily typical to the standard real estate investor and whose results may vary. The successes shared on this site are not considered typical. Most individuals who order the educational materials and systems probably do not follow any of the techniques or strategies and consequently make little to no money due to their inaction. The company is in the process of determining the typical success of its clients. Stories shared herein are for example purpose only and should not be construed as "guarantees" of success. Results will vary based on background, education, and experience and actions taken.