What have you done to invest in yourself so far? If you’re not a firm believer of self-education and accountability, then this episode is for you!
Drew Farnese is the CEO of Revamp 365. In the real estate investing space for eight years now, like many others who started on this path, Drew wanted to do more and be more so he could provide for his family. He started down the path of self-education and began building his portfolio while still working at that time.
In just less than 10 years, Drew has dealt with around 300 properties. For the last two years, he has been focusing on growing and scaling the wholesale company and currently has 45 deals in his pipeline. Already stacked up right now, they are massively and rapidly growing and expanding.
The goal? 365 wholesale transactions next year!
Here are some power takeaways from today’s conversation:
Episode Highlights:
[08:56] What Will Set You Apart From Other Wholesalers
Do what you say, and say what you do. Be the company that you would like to work with. Have integrity and admit when you're wrong.
Drew shared a story of how he recently dealt with an issue where they were not able to deliver what wasn’t promised. Although the contract said they didn’t have to pay for it, he was humble enough to admit that they had erred and they should have done better. They should have communicated better and set clear expectations. In the end, Drew owned up to it and paid up.
[22:10] The Best ROI From Self-Education
The best return that you're ever going to get is in self-education. It's going to take you so much further, and it does scale. Someone can give you an idea for a marketing campaign today. It may get you results, but you will eventually realize all the other bottlenecks exist in either their technical skills or their network. But when you invest in self-education and understand who you are, why you are the way you are, as well as your technical skills, you will get a return on that for the rest of your life.
[30:07] The Power of Coaching and Accountability
A lot of times, we're not accountable to ourselves. We're accountable to everyone else, but not always to ourselves. But if you spend money on something so that you can have someone to hold you accountable, there's no way you’re not going to perform, go out, and take action. That is why joining masterminds or hiring a coach is very powerful.
[46:45] The Power of Relationship and Clear Communication
You have to have strong relationships with the people you're working with, working for, and working for you. Otherwise, how can you efficiently hit a timeline or hit a budget if you don't have open and clear communication with them?
Resources Mentioned:
Website: https://www.revamp365.io/
LinkedIn: https://www.linkedin.com/in/drew-farnese-81324148
YouTube video on The Nail: https://www.youtube.com/watch?v=xSKyejgSKcQ
