From Software Executive to Real Estate Tycoon: Achieving $40M in 3 Years with Ross McArthur | Know your why #266 Know Your Why Podcast with Dr.Jason Balara

EPISODE SUMMARY:
Prepare to be enlightened by the compelling narrative of Ross McArthur, a successful real estate investor who made a dramatic transition from the confines of corporate America to the rewarding world of real estate entrepreneurship. Get ready to be inspired by Ross's unwavering passion, resilience and determination in the face of challenges. From the struggle of finding reliable contractors to the stress of unexpected property damages, Ross takes us through the highs and lows of his real estate journey, serving up a good dose of practical wisdom along the way.
Our discussion with Ross goes beyond the realm of real estate as he shares his motivation for success - a deep-seated desire to provide for his family and control his own destiny. We delve into the importance of nurturing a growth mindset, seeking personal fulfillment, and approaching real estate with the seriousness it deserves. Ross also draws parallels between managing a real estate business and other industries, stressing the universal importance of effective people management. Finally, we touch on a topic close to Ross's heart - mental health.
Ross shares how the simple routine of a morning run has become a therapeutic ritual, helping him clear his mind and spark new ideas. We also discuss the importance of staying focused on your own goals, instead of getting lost in the comparison game. This episode is not just about real estate investing, it's about finding your 'why', pursuing your passion, and maintaining your mental health along the way. Join us for a truly inspiring and informative conversation with Ross McArthur.
ROSS BIO:
With 15 years in software, including roles in startups, Fortune 500, and multibillion-dollar companies, Ross McArthur shifted to Real Estate in 2020. By March 2023, he left Corporate America to focus entirely on Real Estate Investing. Managing a 40-million-dollar portfolio (700 Units) and leading a flipping business (30 flips/year), he co-founded a group investing company growing at one property per month. Passionate about education, Ross guides others on their Real Estate journey through Follow the Deal Investments, emphasizing the "Velocity of Money."
GET IN TOUCH WIH ROSS:
https://www.linkedin.com/in/rossmcarthur
https://followthedeal.com/
EPISODE CHAPTERS:
(0:00:00) - Real Estate Investing Journey and Success Ross McArthur shares his journey from corporate America to real estate investing, emphasizing mindset and off-market marketing.
(0:11:15) - Treating Real Estate as a Business Nature's business: treating real estate investing professionally with third-party management and handling challenges like lawsuits and property damage.
(0:16:34) - Real Estate Challenges and Strategies People, processes, and technology are crucial in running a successful real estate business, along with finding reliable partners and being adaptable in a changing market.
(0:29:33) - Motivation in Work and Real Estate Entrepreneur's journey in real estate, driven by family and frustration, emphasizes growth and effective people management.
(0:35:36) - Exercise and Mental Health Importance Running is beneficial for mental health and can serve as therapy, but beware of comparison and distractions. Stay focused on personal goals.
(0:43:28) - Uncovering the Why Behind Success Real estate investor Ross shares insights on mindset, networking, and purpose, and offers advice for aspiring investors in this podcast episode.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/