Business
For today’s episode, I am excited to interview Brett Snodgrass. Brett has been in the real estate industry for 13 years and he specializes in wholesaling, wholetailing, and creative financing. Originally a one-man army, he scaled his business, Simple Wholesaling, to an amazing, full team running hundreds of deals per year. Brett is also the popular podcast host of Real Estate Investing with a Purpose. He is a highly-sought-after speaker who has been given key presentations on a wide range of topics such as scaling businesses to developing a purpose behind the business. As we have been in real estate investing for about the same amount of time, I was excited to dive into his story and how he built his legacy. Brett first shared his background story and how a book allowed him to change his view and get him interested in the real-estate business industry. He shared further along in the interview where he closed his first deal and you will be shocked at where he sold it! We discussed his dad’s advice that he will never forget and how it was able to assist him in his business. We then dove into Brett’s transition to full-time real estate investing. We discussed how 2008 was the worst market in history and how he was still able to close deals even when many people disagreed with what he was doing. He was able to persevere even though he was not terribly experienced and he made it a monumental year for his business. We discussed how his dad joined his business, the breaking point of trying to run the business themselves and how they started to scale. Brett shared how he started to build his business by making 200-300 offers a month which resulted in closing about 10 of them which totally got the money flowing! We talked about Brett’s philosophy which is to find the cheapest property in the market and believe that someone is going to buy it regardless of the location. Using this strategy, he was able to buy thousands of properties and generate profits of thousands of dollars for each. Regardless of the low numbers, they were able to realize good profit margins and continue to grow their business. We then moved on to Brett’s difficulty in finding deals and dealing with realtors. Through these struggles, and considering how rough the real estate industry was in 2008, Brett decided to get his license in order to increase productivity and decrease expenses. Lastly, we discussed how doing real estate deals is not exciting for Brett anymore. He found himself bored in meetings and would ask himself what should he be doing and what his real purpose in life is. He shared how wanted to explore other avenues and opportunities and find excitement in his day-to-day work again. Don’t miss this information-packed episode of Just Start Real Estate to learn more about the investing journey of popular podcaster and entrepreneur, Brett Snodgrass! Notable Quotes: “I use a lot of sports terms because sports really helped me.” Brett Snodgrass “What are you going to do? Are you going to get better or are you going to get worse? It's your choice.” Brett Snodgrass “We're always thinking about how we can adjust if the market starts to shift.” Brett Snodgrass “I love just kind of picking people's brains and really digging into their hearts.” Brett Snodgrass “I think there are different seasons in life.” Brett Snodgrass “You can walk away too early, you can walk away too fast, you can walk away without the right team in place.” Mike Simmons Links: Brett’s Website Real Estate Investing with a Purpose Podcast 7 Figure Flipping Return on Investments Just Start Real Estate JSRE on Facebook Mike on Facebook Mike on Instagram Mike on LinkedIn Mike on Twitter Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months