While today’s culture wants instant gratification, patience and the ability to wait can lead to rewarding dividends.
On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with his coach, Mike Schumm. Mike is a real estate investor and coach with over 35 years of experience. He is the co-founder of Profytz Coaching, an on-market coaching company. Mike has been Jonathan’s coach for more than five years.
As Jonathan and Mike start their conversation, they discuss real estate uncertainty, how it impacts buyers and sellers, and why waiting to purchase can harm investors. They also explain the competition between homebuyers and investors, how to evaluate deals, and the benefits of being a hyper-local expert. Jonathan and Mike delve into the vision great investors have, a strategy they’ve both used as investors, and how the lack of inventory is impacting the market. They explore the difficulties of taking breaks from your investing career, the one thing all successful investors have in common, and why you must remain emotionally detached from real estate purchases. You’ll also hear why offering sellers time and patience can avoid turning them off, Mike’s advice for when to seek out a mentor or coach, and what makes someone a great coach. Finally, Jonathan and Mike cover the importance of avoiding the “easy button,” being willing to try something new and fail, and the power knowledge can give you in a deal.
Patience can be a secret weapon for real estate investors, and Mike Schumm reveals some ways to use it to your advantage.
In this episode, you will hear:
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If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/152/ to download it.
Supporting Resources:
Profytz Coaching website - profytz.com
Find Mike Schumm on Facebook - www.facebook.com/mike.schumm
Connect with Mike on Instagram - www.instagram.com/mikeschumm_
Website - www.streamlined.properties
YouTube - www.youtube.com/c/JonathanGreeneRE/videos
Instagram - www.instagram.com/trustgreene
Instagram - www.instagram.com/streamlinedproperties
TikTok - www.tiktok.com/@trustgreene
Zillow - https://www.zillow.com/profile/StreamlinedReal
Bigger Pockets - www.biggerpockets.com/users/TrustGreene
Facebook - www.facebook.com/streamlinedproperties
Email - info@streamlined.properties
Episode Credits
If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
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