On today’s episode, we are joined by Josh Koth, to talk about his journey towards financial freedom using real estate investing. Living in an area with a market not typically considered as a strong investment option, Josh faced several detractors.
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Yet he proceeded and found that even after hundreds of rejections, a deal would eventually always fall into place. He shares the message that if you do the work, no matter how tedious it may seem, you will most certainly reap the rewards. Through beginning small, favorable outcomes compound and lead to long-term success. Equally as important as this tenacity is possessing a mindset of abundance, where rather than seeing financial and other resources as scarce, you see how truly unlimited they are. In doing so, you not only create a larger community and network for yourself, but you will find that former constraints simply disappear. Once you view opportunities through this lens of abundance, you will become more willing to put yourself out there and realize that a ‘no’ this time is simply one step closer to the inevitable ‘yes.’ To learn more about Josh’s journey and his inspiring outlook, join us today!
Key Points From This Episode:
- How Josh came to be a real estate investor.
- Why so many people believed that the Fargo market was not working.
- Once you realize that most offers will be rejected, it takes the fear out of writing as many as you can.
- How Josh built credibility with local lenders at the beginning of his investment career.
- Building relationships is the cornerstone of accessing more capital.
- What Josh did to build relationships with potential lenders.
- The mindset and belief that securing investors is possible, is half the battle done.
- Finding a great deal is more difficult than finding an investor for your deal.
- What an investor considers to be a good return may be different from your idea.
- Putting yourself out there publicly can kickstart building rapport and credibility.
- Rather than seeing other investors as competitors, see them as a community.
- Insights into how Josh runs his weekly Meetups and the benefits of having them.
- Why there are often not major downturns in the upper Midwest.
- Negotiating against yourself often stops people from taking that final step.
[bctt tweet=”Money is a lot easier to find than a really deeply discounted deal. — @HouseDudes” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Josh Koth
Josh Koth is one half of the House Dudes Podcast duo, which he hosts alongside Jack Hoss. The podcast details their journey towards financial freedom and how they have used the power of real estate to create passive income. Having both come from corporate IT backgrounds, they took the leap of faith, invested in real estate, and have not looked back since. The podcast shares their experiences of acquiring rental property and building their net worth. Josh has been able to create wealth in the Fargo, North Dakota market — one which many would not even look to invest. In this market, Josh and Jack have utilized conventional and creative investing techniques, along with using it as a springboard to improve financial education. Josh has become an industry leader in Fargo and is a shining example of the power of persistence and tenacity.
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