Sep 18, 2023
This Millionaire Mindcast episode is sponsored by BetterHelp. Give online therapy a try at betterhelp.com/MINDCAST and get on your way to being your best self.
Today, we have Terry Hale who shares wisdom on building the right team and networks, wholesaling business and its dirty thing, property types that are recessionary-proof, and building wealth through commercial real estate and creative financing while being a present husband and dad!
Terry Hale is a family man, an entrepreneur, an expert in commercial real estate, an investor, and a trainer. He is an advocate of education and sharing knowledge. For over the last 20 years, he has educated and repositions distressed A-B-C Class Commercial properties, and helped people to invest in commercial real estate to create long-term predictable wealth and cashflow.
Some Questions I Ask:
How are you going, brother? What's going on in your world?
What brought you into commercial real estate, and take us where these all begin for you?
What are some of the best skills that aspiring commercial real estate investors should sharpen their axe around?
How someone can take that first step and get into the game?
How wholesaling and commercial real estate is done the right way, and find your end-buyers?
What are the best, challenging, and struggling asset classes right now?
What are your thoughts on the state of the market, and how seller financing going on?
How are you mitigating risk and navigating the stream right now?
What are your goals going forward?
Why going global, and what are your thoughts and plans for the future?
In This Episode, You Will Learn:
Why Terry fell in love with commercial real estate.
Creative seller financing.
How to create enough time for the family despite a busy schedule.
Wholesaling business and its dirty thing.
What are the 3 property types that are recessionary-proof?
Criteria on why Terry engages a business with.
The Cafiteria Pitch.
Terry’s six steps in achieving success in business.
Quotes:
“Educate and delegate freeze my time.”
“It wasn’t about me as an investor, it was about figuring out the deal.”
“If you can figure out the deal and you can solve the problem, then you can make all the money, man.”
“If there’s no problem, typically, there’s no deal.”
“The best deals are created.”
“Lucky is just being prepared, and being present, and executing.”
Resources Mentioned:
Connect with Terry Hale on:
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Questions? Comments? Do you have a success story you would like to share on the show?
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