Play the LONG GAME

Today on the podcast, I am interviewing the person that introduced me to the podcast world almost 5 years ago, and my very first experience with going on the investorfuel podcast with Mike Hambright!If you have worked in the residential real estate investing space for any length of time, you have heard the name Mike Hambright.He has an impressive resume that includes flipping 1000's of properties, building a wildly successful InvestorFuel mastermind, then if that was not enough, he has built an 8 figure marketing company with Jason Lewis called InvestorMachine which helps investors with direct to seller lead generation.Mike now lives and works at his large ranch house in Texas where his focus is on helping investors achieve massive success through real estate investing and networking.I have known Mike now since 2018 and he is someone that you can not talk to for years but pick up right where you left off. This podcast we discuss the importance of getting into business for the RIGHT reasons, along with discussing the importance of playing the long game verse starting businesses to get rich quickly.Enjoy the show!

In this episode of the Rush to Fail podcast, host BJ Jigger Million interviews Mike Hambright, a pioneer in real estate investing and podcasting. Mike shares his journey from corporate America to building a real estate empire, including his experiences with flipping houses, coaching, and creating a mastermind community. He discusses the evolution of his business ventures, the importance of virtual assistants, and the long-term strategy of podcasting for networking. The conversation highlights the significance of building relationships and being strategic in business decisions. In this conversation, Mike Hambright shares his extensive experience in the real estate industry, discussing the importance of intentional planning, learning from mistakes, and building a resilient business. He emphasizes the need for accountability, the balance between risk and analysis, and the value of sharing knowledge within mastermind groups. Mike also reflects on the lessons learned from market cycles and offers advice for new investors, highlighting the significance of creating value for others.

Key Takeaways

• Mike Hambright started real estate investing in 2008 after leaving corporate America.
• He evolved from flipping houses to coaching and creating a mastermind community.
• Podcasting was a way for Mike to network and connect with industry leaders.
• Virtual assistants have become a crucial part of Mike's business operations.
• Building relationships is essential for long-term success in business.
• Mike emphasizes the importance of playing the long game in networking.
• He has about 60 to 70 virtual team members across his businesses.
• Mike's journey showcases the evolution of a real estate entrepreneur.
• The podcasting medium requires a long-term commitment and strategy.
• Mike's approach to business is about innovation within existing ventures rather than starting new ones. Be intentional about your business direction.
• Surround yourself with a strong team.
• Hustle is a season, not a strategy.
• Success can often be reverse engineered.
• Accountability is crucial for achieving goals.
• Overlooking details can lead to significant losses.
• Balance risk-taking with analytical thinking.
• Build a business with a safety net.
• Marketing should never be the first expense cut.
• Sharing knowledge can lead to greater success.

Keywords:

real estate, podcasting, networking, virtual assistants, business strategy, mastermind, lead generation, entrepreneurship, investor fuel, Mike Hambright, real estate, business mistakes, planning, accountability, risk management, entrepreneurship, market cycles, investor advice, mastermind gr