Multifamily Legacy Podcast in the NY City Podcast Network

068: Living Life By Design: Does Your Business Serve You?

Most people don t have a business that serves them Instead they run around crazily because their business is making them do lots of things And that s not necessarily what they really want to do Today my guest is Ron Phillips founder and CEO of RP Capital He has an amazing business and is ranked in the top 25 of the Inc 5000 Ron describes how he mastered the way of doing business how he conducts himself and how his business serves him Ron truly lives his life by design Topics on Today s Episode Millionaire Seeks Real Estate Apprentice Ron showed up for big pitch fest for a bootcamp and bought it Ron became jaded with the seminar world and millionaire s pitch If I go find the deals and do all the work he ll fund them and we ll split them 50-50 Ron did what he was taught – found a perfect deal submitted it and it was denied the millionaire taught him how to do it so why do I need him HUD changed its guidelines and Ron had houses he couldn t sell he was out of business and reinvented himself in the rental business RP Capital finds and fixes homes puts renters in them and helps people buy and get good deals Multifamily rules haven t changed some have gotten better you don t need tax benefits to succeed Real estate market will stall or stop at some point so people who do it for tax deductions will have to pay too many people are buying skinny deals Information gurus and guides try to sell you something not train or protect you to make sure you do it right all they want is your money Sales and negotiation are not taught Ron was successful because he already had those skills he gives away education – you only buy real estate from him Get Real estate Podcast Educates people on the good bad and ugly parts of real estate business and life Self-made vs Team You can t go do anything by yourself in this world treat your team like you want to be treated with dignity respect and kindness RP Capital s Purpose Build people through services company s core values are integrity loyalty own it and fun Links and Resources Mentioned RP Capital Get Real estate Podcast Inc 5000 Rich Dad s Guide to Investing The Millionaire Mind HUD The Devil s Advocate Collective Genius David Lindahl The Compound Effect Quotes I went out and found a perfect deal exactly like what he taught us to do Submitted it and they denied it I realized something He taught me how to do it Why do I need him Ron Phillips We had all these houses and then I couldn t sell them I got shoved into the rental business I finally realized that this rental thing was not such a bad gig Ron Phillips That s what I do in my current company We help people invest all over the country and it s been so much fun changing people s lives that way Ron Phillips The government can make the rules better or they can make them worse You don t have to have the tax benefits to succeed That s just a really big fat bonus Ron Phillips Don t forget to download my Free Workshop Quickstart Video Series and if you like what you have heard please leave a review on iTunes Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family Click here to visit this podcast episode