The Path to Wellth with Hannes Hennche
At the Path to Wellth, I interview accomplished individuals who have unlocked the secrets to living their best lives. Through their success stories and inspiring journeys, we empower listeners on their quest for a "Wellthy Life." Our show delves into diverse topics like mindset, careers, entrepreneurship, relationships, investments, and beyond.
The Path to Wellth with Hannes Hennche
Episode 108: Investing in Real Estate: Funding Options and Overcoming Fears
In this episode, Steven Andrews shares his journey into real estate, starting with just a credit card and a dream. Steven highlights the importance of choosing the right funding options and cultivating relationships with multiple lenders for reliable real estate financing. He also discusses the power of a positive mindset and the role of fear and failure in entrepreneurship, encouraging listeners to embrace these challenges as opportunities for growth.
Steven Andrews is a real estate investor, business coach, and the bestselling author of "The New American Dream: A Simple Roadmap to Purchasing Investment Properties". He founded SOAR X Consulting to provide expert advice in real estate.
Tune in to learn more about the importance of taking risks and being creative with real estate financing.
Connect with Steven Andrews on LinkedIn https://www.linkedin.com/in/steven-andrews-a7730417/
Grab your copy of Steven's bestselling book, The New American Dream https://www.amazon.com/gp/aw/d/B0CSLZMCCF/ref=tmm_kin_swatch_0?ie=UTF8&qid=&sr=
Enjoy this episode on your favorite podcast platform
✅ Apple → https://podcasts.apple.com/gb/podcast/investing-in-real-estate-funding-options-and/id1625806145?i=1000658167360
✅ Youtube → https://youtu.be/SaBoraz85go
Let’s Stay Connected
✅ LinkedIn → https://www.linkedin.com/in/hannes-hennche/
Time Stamps
00:00:00 - Starting with a Dream and a Credit Card
00:00:55 - Meeting a Mentor and Taking the Leap
00:02:10 - First Real Estate Investment Strategy
00:03:09 - Building Confidence and Overcoming Fear
00:04:10 - Learning from Mentors and Books
00:05:00 - Real Estate as a Path to Wealth
00:06:07 - The Unique Benefits of Real Estate
00:07:17 - Understanding the Real Estate Market
00:12:11 - Handling Rejection and Failure in Business
00:13:59 - The Mental Game of Success
00:18:18 - Mitigating Risk and Seizing Opportunities
00:21:54 - Choosing the Right Funding Options
00:24:02 - Preparing for Economic Downturns
00:28:49 - Getting into the Real Estate Game
00:35:19 - Balancing Personal Health and Helping Others
00:36:10 - Misconceptions About Wealth in Real Estate
00:37:56 - Overcoming Mindset Barriers
Sound Bites
"I don't live to work, but I work to live."
"I took money off a credit card. That was my down payment."
"The difference between someone being successful and someone being unsuccessful is how they handle fear."
"Everyone's journey is different, so do not compare your journey to someone else's."
"Get in the game. There are two great times to buy real estate, 20 years ago and today."
"I want the best possible person I can get. The higher the volume you have, normally, the better success."
"You want to make sure you're in those positions to continue to finance the dream that you have."
"If your credit's not the best, buying rental property can help with that because now you're building credit."
"I tell people the only time you ever fail at something is if you just stop and you don't do anything to correct it."
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