In this path-breaking episode of ‘Raising Private Money,’ our host Jay Conner, also known as the Private Money Authority, delves into the crucible of real estate investing, not just as a transactional business, but as a pursuit of purpose.
With our distinguished guest, Sam Wegert—a martial artist turned savvy real estate investor—this conversation leaps beyond the borders of ordinary real estate discourse, exploring how a martial arts mindset can help investors not only navigate, but conquer, the world of real estate.
Rise to Distraction Challenges: The Devil’s Favorite Tool
Sam kick-starts the conversation unveiling a riveting discussion on how distraction represents the devil’s favorite tool, used to lure us away from our true aspirations. In our increasingly fragmented world brimming with instant gratification, Sam drives home the critical need for long-term thinking and unwavering focus on one’s ultimate goals. The notion of ‘thinking in decades’ emerges as an antidote to the endemic short-termism plaguing many ambitious endeavors.
Teamwork and Growth: Pillars of Scaling Excellence
The journey of scaling his business, Sam reflects, was propelled by the wisdom of not treading the path alone. He attributes his acceleration to the bedrock of an amazing team, echoing the sentiment that collective efforts eclipse individual attempts. Sam speaks of growth through problems and targeting win-win opportunities for stakeholders as the linchpin of his real estate philosophy.
Co-Living Investment: A Strategic Future
Sam shares his sharp strategic acumen, revealing his transition from short-term rentals to co-living spaces, a decision borne of foresight into the growth potential in the upcoming years. His articulation on positioning his portfolio in anticipation of market movements underscores the requisite forward-looking mindset in real estate.
Black Belt Mindset: A Real Estate Virtue
The conversation takes an enlightening turn towards the black belt mindset—a philosophy culled from martial arts that symbolizes resilience and a strength-oriented approach to setbacks. Both Jay and Sam extend this analogy to real estate, illustrating it as essential for maintaining discipline and focus amid tumultuous situations.
Coaching and Mindset: Indispensable Real Estate Tools
Jay chimes in with his personal experience on the transformational impact of coaching in his real estate journey, ushering in the idea that the right mindset and guidance are sine qua nons for success. Sam discusses the transformative scope of ‘Uplevel Martial Arts’ and how the deployment of a hybrid training model, inspired by megachurch streaming, has bolstered the learning experience.
Conclusion: Breaking Through the Norms
In closing, Sam’s narrative—woven with insights on focus, the role of a black belt mindset in real estate, and the potent influence of quick action over perfect action—leaves listeners with actionable strategies to shatter their barriers. The episode clinches with a call to arms: to subscribe, follow, but most importantly, to embody the values and principles shared, ensuring that each investor steers their real estate voyage with the precision and poise of a martial master.
Aiming High and Embracing Failure:
“Falling short is somewhat normal as a human being, but we need to reach for the stars. We need to aim further through the goal.” – Sam Wegert
10 Lessons Learned From This Episode:
- “Distraction Dangers”:
- Understanding how distractions can sabotage your real estate dreams and hinder living your life purpose.
- “Black Belt Focus”:
- The analogy of martial arts focuses on real estate, emphasizing disciplined attention to goals for success.
- “Teamwork Triumph”:
- Leveraging a great team is crucial for scaling your business quickly rather than going it alone.
- “Persistent Growth”:
- The importance of consistent advancement through obstacles, and cultivating a growth mindset throughout challenges.
- “Strategic Positioning”:
- Selling properties ahead of market changes demonstrates the importance of strategic foresight in real estate.
- “Embracing Setbacks”:
- Cultivating resilience through the ‘black belt mindset’, involves handling obstacles and setbacks effectively.
- “Win-Win Deals”:
- Seeking opportunities that provide significant value and advantage to all parties involved in real estate transactions.
- “Action Over Perfection”:
- Encouraging taking imperfect action and refining processes along the way instead of waiting for perfection.
- “Anticipate, Don’t React”:
- The significance of anticipating market and life changes over mere reaction in leadership and investment strategy.
- “Create Urgency”:
- Highlighting the necessity of urgency in taking action, as it propels people forward and prevents stagnation.
Fun Facts:
- At the young age of 15, Sam Wegert took a $15,000 loan from his parents to buy his first martial arts school.
- Sam Wegert had his first-ever date with his wife at the Grove Park Inn, where he also got engaged, and both he and Jay Conner have special connections to that location.
- Sam Wegert positions his investments with anticipatory foresight, having strategically sold his short-term rental properties just as the market peaked before a downturn, and he is currently focusing on the niche asset class of co-living, which he believes will grow significantly in the next few years.
Timestamps:
00:01 – Raising Private Money Without Asking For It
08:42 – Martial arts training leads to unexpected opportunity.
15:08 – Block out distractions, and focus on the mission.
22:34 – Striving for success, learning to let go.
29:26 – Overcoming obstacles to reach potential.
32:40 – Embracing startup mentality, prioritizing growth, creating win-wins.
34:50 – Recognized declining short-term rental market; positioned strategically.
38:03 – I advise on co-living strategies for clients.
40:04 – Connect with Sam Wegert: https://www.instagram.com/samwegert/
40:24 – 5 Day Challenge: https://www.ScaleYourRealEstate.com
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Jay Conner is a proven real estate investment leader. He maximizes creative methods to buy and sell properties with profits averaging $67,000 per deal without using his money or credit.
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