Being raised by a single mother, Andy Dane Carter realized at a young age he needed to become the man of the house. His entrepreneurial streak eventually led him into real estate investing, which is how I got to know him.
On today’s show, he shares his fascinating life’s story as well as his insights into the investor space – including a belief I share that far too many agents are missing out on investment opportunities they should be purchasing themselves instead of being content with earning a commission on a sale.
He also discusses his personal journey of growing tired with Corporate America, deciding to get healthy and creating the life he always desired – even if his introduction to real estate took place at the worst time possible.
For show notes and more information, visit: https://tfi.media/2E9gAsD
In this episode, we talk about…
0:45 – Introduction to Andy and his background
4:30 – Start of Real Estate Investing
6:51 – Transition from Flipping to Real Estate Development
13:00 – How a growth mindset plays a role in growing up
19:09 – The importance of mentors and finding someone’s potential
19:41 – Morning routine and doing the work
22:57 – Dwayne Johnson’s “t greatest thing I never did”
25:29 – The negative narrative about the real estate market
28:21 – The impact of getting educated and informing people on real estate
30:08 – NAR comments and real estate agents stats in the USA
32:01 – Digital farming with social media and establishing trust online
36:26 – Save money and spend money wisely
38:39 – Parenting tips
43:07 – The role that suffering and hard work play for for growth
43:39 – Comments on “Participation trophies”
45:12 – The education system in America
51:22 – Being a Sommelier and drinking alcohol
53:09 – Andy’s book “100 Doors”
57:02 – “But I can’t buy real estate” objections
58:07 – Andy’s buy box recommendation
59:21 – What is a gross rent multiplier?
1:00:23 – Real estate investing for realtors
1:04:05 – Final piece of advice
Keep up with me and what's new on my other channels:
Website - http://TomFerry.com
Facebook - http://facebook.com/TomFerry
Instagram - http://instagram.com/TomFerry
Twitter - http://twitter.com/TomFerry
Podcast - https://TomFerry.com/Podcast
YouTube - http://youtube.com/CoachTomFerry
On today’s show, he shares his fascinating life’s story as well as his insights into the investor space – including a belief I share that far too many agents are missing out on investment opportunities they should be purchasing themselves instead of being content with earning a commission on a sale.
He also discusses his personal journey of growing tired with Corporate America, deciding to get healthy and creating the life he always desired – even if his introduction to real estate took place at the worst time possible.
For show notes and more information, visit: https://tfi.media/2E9gAsD
In this episode, we talk about…
0:45 – Introduction to Andy and his background
4:30 – Start of Real Estate Investing
6:51 – Transition from Flipping to Real Estate Development
13:00 – How a growth mindset plays a role in growing up
19:09 – The importance of mentors and finding someone’s potential
19:41 – Morning routine and doing the work
22:57 – Dwayne Johnson’s “t greatest thing I never did”
25:29 – The negative narrative about the real estate market
28:21 – The impact of getting educated and informing people on real estate
30:08 – NAR comments and real estate agents stats in the USA
32:01 – Digital farming with social media and establishing trust online
36:26 – Save money and spend money wisely
38:39 – Parenting tips
43:07 – The role that suffering and hard work play for for growth
43:39 – Comments on “Participation trophies”
45:12 – The education system in America
51:22 – Being a Sommelier and drinking alcohol
53:09 – Andy’s book “100 Doors”
57:02 – “But I can’t buy real estate” objections
58:07 – Andy’s buy box recommendation
59:21 – What is a gross rent multiplier?
1:00:23 – Real estate investing for realtors
1:04:05 – Final piece of advice
Keep up with me and what's new on my other channels:
Website - http://TomFerry.com
Facebook - http://facebook.com/TomFerry
Instagram - http://instagram.com/TomFerry
Twitter - http://twitter.com/TomFerry
Podcast - https://TomFerry.com/Podcast
YouTube - http://youtube.com/CoachTomFerry
Thanks to this, learned something new today.
Great job guys!! Audio sounds great—What is the setup and make/models of your audio equipment?
Thanks Tom. Just order your book Andy.
Put your head down for two years and give everything away for free
If you want to know what to do on FB and IG, watch this video
Great conversation! Good point on the growing choices that home buyers have in todays market.
This was phenomenal!
Thoroughly enjoyed this Tom. Great content but makes me want to kick my self in the rear for not listening to my mortgage lender when he explained to me the value of buying a duplex. It's smart investing for sure. Thank you for educating me and motivating me.
We know a lot of women who had done this on their own, myself as an example going throu divorce and 2 kids SOLD 17 houses my first year 2002 and never looked back I sell an average of 40-50 a year by myself my Latino Niche is great here in Philadelphia between Norristown and Phila people that moved here from other countries call me every day! blessed Thank you Tom Ferry !!!
Wonderful! I have a dream for the same investment, land I have though not v big but I need somebody to guide me more about bussines.
Do you know a woman who has done something like that on her own? Interview her instead of only men who has done that on their own!
One. Of the best. Discussions