EP 31: Kyle Marcotte - Don't Just Sit There!

The Real Estate Lab

Resources:

· Kyle Marcotte https://kylemarcotte.com/

· LinkedIn: https://www.linkedin.com/in/kyle-marcotte/

· Facebook https://www.facebook.com/kyle.marcotte.52

· Instagram https://www.instagram.com/kylemarcotte9/

· Email: [e-mail]

· Crushing it in Apartments https://www.amazon.com/Crushing-Apartments-Commercial-Real-Estate-ebook/dp/B01N6DKA10

· Shopify https://www.shopify.com/

· Rich Dad Poor Dad https://richdadeducation.com/Country/

· Gary Vee https://twitter.com/garyvee

· Tony Robbins https://twitter.com/tonyrobbins

. Details Show Notes: https://realestatelab.live/ep-31-kyle-marcotte-dont-just-sit-there-how-he-built-a-5-5m-portfolio-at-21/

Outline of the Episode:

· [03:30] Kyle’s favorite striker in soccer.

· [04:11] How he decided that real estate was the best route for him as a sophomore at UC Davis.

· [06:39] His process of educating himself first through books and podcasts before going to local meetups.

· [08:40] Understanding the whole picture first before learning in detail. Everything in real estate is interrelated!

· [09:46] The details of his first meetup and meeting Neil Bow as he was on his way to stardom in the real estate space.

· [11:08] Being able to raise capital through finding partners and private equity at 20 years of age.

· [12:53] Common objections that people say to a 20-year-old real estate investor and the hardest opposition. Never underestimate the power of authenticity and confidence!

· [18:05] Limiting beliefs and his inspiration for defeating these thoughts.

· [21:20] Having people that helped in key life moments and the effects of third party validation.

· [22:25] Kyle’s mentor-ship program. Helping young people find what they really want in life through financial education.

· [24:43] The costs and the things to expect from the program. How many clients does he manage?

· [28:07] Internal and external metrics to look for on deals.

· [30:24] Defining conservative underwriting at this time of uncertainty.

· [33:06] The lesson he learned from sports that transferred to real estate: focusing on helping. Life is not about you; it’s service rather than significance!

· [35:05] Biggest challenge: staying inside all day as an extremely active person.

· [35:57] Kyle’s superpower of connecting emotionally.

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