An Interview with Brian Ellwood

 

There are many testimonies out there in the real estate investing world – testimonies of people who have created the life they want through the work they do in real estate. Brian Ellwood is one of those guys, and he is very articulate in describing how and why he’s done it. In this episode, Kent and Brian discuss the ways Brian built his business, what he’s done to automate and optimize it, why he hired key team members to free up his own time, and why the freedom real estate can provide is essential if you’re going to “own” your business.

The power of automating and systematizing your real estate business. Click To Tweet

Anyone who’s done anything significant in the real estate world knows that there are tons of things to do every single day. Your time gets sucked up by anything from the trivial to the vitally important and YOU have got to be the one who controls it. Brian Ellwood says he spent a lot of time and energy automating and optimizing his real estate investing company because he wanted to be in total control of what he used his time for, and he suggests everyone do the same thing. In this conversation, he and Kent talk about what it takes to really do it.

Have you set up your business partnerships in light of an eventual breakup? Click To Tweet

Recently, Brian Ellwood and his long-time partner mutually decided it was time to go their separate ways. It wasn’t a mean or petty separation, just a business decision. But it was facilitated easily because they had followed Kent’s advice long before they even established the partnership by creating a very clear partnership agreement that outlined what would happen should they ever decide to dissolve the partnership. In this episode, you’ll hear the benefits that came of it and how that agreement kept a good relationship good.

Are you designing a life of freedom you actually want to live? Click To Tweet

As you know, one of the highest values with Kent and his team is to teach people how they can take control of their lives by creating the cash flow that will set them free time-wise. Real Estate is the perfect vehicle with which to create that freedom. Brian Ellwood is a guy who’s taken Kent’s advice and doubled-down on it. He’s systematized and automated his business to the point that he doesn’t have to do anything if he doesn’t want to. And that’s the point. He does continue to work in and on his business, but because he loves it. The option to not do so is the freedom that indicates he’s reached his lifestyle goals. Kent and Brian spend a good amount of time discussing the importance of this freedom concept on this episode, so be sure you listen.

Hiring people is not about being lazy or wasting money. It’s about being smart. Click To Tweet

Kent and Brian both said they hire people to take care of routine things around their houses. Cutting the grass, taking care of the pool, cleaning, laundry – those are just some of the examples of what could be paid for that you normally would do yourself. Both guys know that many people would consider those expenditures a waste of money, but they believe they are doing the smartest thing with their time. Paying for those mundane services to be done frees them up to do things that matter more to them, things that bless their families or move their business forward. Time is the one thing we never get back once it’s gone, so be sure you listen to learn the importance of this point.

 

Outline of this great episode

  • Kent’s history with Brian Ellwood and why he’s having him on the show.
  • Brian’s story: from bagging groceries to an amazing real estate business.
  • Why automating your real estate business is important.
  • The direction Brian’s business is going now and where it’s come from most recently.
  • Big lessons learned from dissolving a business partnership.
  • Brian’s new educational program: Freedom University
  • Why Brian focused on hiring an acquisitions manager.
  • The reasons Brian and Kent hire people to do routine things they could do themselves.

 

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.