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This episode of the Business and BBQ Podcast is inspired by one of the exercises in the Mastermind course that Tim has been taking. In an effort to increase self-reflection and prioritize the things that are really “moving the needle” in your business or personal endeavors, you could follow along with Tim’s process outlined in this episode. Tim focused on his rental portfolio while walking through the Needle Movers exercise, and he found it very effective and impactful on his future wellbeing. Any real estate investor knows that a rental portfolio is a long-term investment that will continue to gain in value the longer you hold on to the properties, but since Tim’s rental properties are meant to provide his retirement down the road, he often didn’t put much thought into them before now.

What has changed in the last 180 days?

1. He made his rental portfolio a focus
2. He and his wife made the decision to buy some of their wholesale or flip houses to add to their rental properties
3. He spent the time to break down the financing and bump up his initial investment

How has focusing on these needle movers changed Tim’s daily life?

1. By creating more time for himself
2. By providing more certainty in his investments
3. By making him more excited about his rental portfolio and making him want to be more strategic with it

How is he adding fuel to make it better?

1. By planning to buy more wholesale houses for his rental portfolio
2. By looking into flipping houses faster
3. By making it more of a consistent focus through weekly meetings with his wife

What could this do for Tim and his business in the next 12 months?

1. Creating a path forward of stopping wholesaling in the next 12-18 months and beginning to purchase 8-10 rental properties per year

What can Tim pass on to others?

1. At the first ever REI Masterminds event in Rockwall, Texas, on August 17th, Tim will be sharing his relevant financials and property checklists
2. Focus on what make a positive impact and do more of it

Links:

Tim’s Real Estate Investor Mastermind https://www.reimasterminds.com/

Audible trial promotional link: audibletrial.com/th

HubSpot promotional link: hubspot.com/th

Connect with Tim:
Blog and More https://timherriage.com/
LinkedIn https://www.linkedin.com/in/herriage
Twitter https://twitter.com/timherriage
Facebook https://www.facebook.com/timherriage/
Business and BBQ Facebook Group https://www.facebook.com/groups/timherriage/
Instagram https://www.instagram.com/timherriage/

With business questions: ask@timherriage.com
With BBQ questions: bbq@timherriage.com