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.
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.
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.
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.
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.
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