#013: Hard work, dedication, commitment, tenacity! Learn from the QUEEN of private money lending!
Donna Mixon shares her story of her path to success. From her start in real estate working for someone else to building her own custom home construction company, and eventually becoming a private money lender. Donna has an amazing amount of really valuable advice for anyone looking to build their team as well as anyone looking for more deals or money to fund their deals.
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SHOW NOTES
1:09 – Introducing Donna Mixon and her varied experience in the field of real estate.
1:53 – Donna’s path into real estate and how she transitioned into investing.
8:40 – Utilizing stepping stones in order to learn and grow organically in the industry.
9:45 – Excelling, in large part, due to her attention to detail; a story about a job interview and how she prepared as well as followed up.
11:10 – Spreading knowledge for free in order to mitigate risks and help people, particularly partners.
12:56 – The importance of collaboration and the cycle of abundance.[Text Wrapping Break]
14:05 – Real estate is largely dependent on hands on experience and experience lowers risks, but doesn’t eliminate them.
16:02 – Teaming up with a local mentor and the importance of finding great contractors and teams.
18:49 – The value of working with someone more experienced as opposed to diving in after only having classroom learning.
20:24 – Starting her own custom home building company and the difference between custom homes and track/spec homes.
22:52 – The critical role of a team such as contractors, attorneys, accountants, deal partners, etc.
24:01 – Details on how Donna works now and how her background benefits her current role on the lending side; real estate as a fairly low risk and insurable investment.
28:05 – Advice for investors on the active side of the spectrum when it comes to looking for deals or money.
32:31 – Advice for passive investors, like the avatar of a busy dentist, when they’re searching for an active investor to work with; the importance of ethics and transparency as well as diversification.
36:54 – One thing Donna wishes someone had told her when she was getting started in real estate.
40:35 – Information on Donna’s checklist and her views on keeping an extensive checklist, how experience can help shape the checklist.
43:23 – Donna’s recommended resources and advice.
45:04 – Some background on Donna’s mentoring and why she does it.
46:37 – Contacting Donna.
Resources and Links Mentioned:
Email Donna to get her free report on the top 7 Dangers of Lending to Real Estate Investors (include Top 7 Dangers in subject line).
Call Donna at 817-994-7878
Contact Tom at tom@tombraegelmann.com.
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