Business
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?He made his rental portfolio a focusHe and his wife made the decision to buy some of their wholesale or flip houses to add to their rental propertiesHe spent the time to break down the financing and bump up his initial investmentHow has focusing on these needle movers changed Tim’s daily life?By creating more time for himselfBy providing more certainty in his investmentsBy making him more excited about his rental portfolio and making him want to be more strategic with itHow is he adding fuel to make it better?By planning to buy more wholesale houses for his rental portfolioBy looking into flipping houses fasterBy making it more of a consistent focus through weekly meetings with his wifeWhat could this do for Tim and his business in the next 12 months?Creating a path forward of stopping wholesaling in the next 12-18 months and beginning to purchase 8-10 rental properties per yearWhat can Tim pass on to others?At the first ever REI Masterminds event in Rockwall, Texas, on August 17th, Tim will be sharing his relevant financials and property checklistsFocus on what make a positive impact and do more of itLinks:Tim’s Real Estate Investor Mastermind https://www.reimasterminds.com/Audible trial promotional link: audibletrial.com/thHubSpot promotional link: hubspot.com/thConnect with Tim:Blog and More https://timherriage.com/LinkedIn https://www.linkedin.com/in/herriageTwitter 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.comWith BBQ questions: bbq@timherriage.com