Is the pressure of having this real estate career weighing down on you? Have you fallen into a hole that you can’t seem to get out of? Has life been throwing outrageous amounts of lemons at your face? Bill Allen, the owner of BlackJack Real Estate and visionary leader of the 7 Figure Altitude mastermind, tells us that there’s success on the other side.

These are from the sixth episode of the Real Estate JAM. In that episode, Bill Allen talks about how he (almost) lost $185K from a deal, knowing when to start hiring, and the things you need to know when building a team. If you’re interested, you can listen to it on YouTube, Spotify, or Apple Podcasts.

Many of us have been through terrible things in real estate, be it a financial loss, missed opportunities, or heaps of other tragedies. We might regret making these mistakes or not preparing ourselves enough, but Bill says he wouldn’t have changed anything even if he had the chance! He lost $70,000 on one of his deals when he was starting out but still considers it as an experience that had to happen. Everything is there for a reason. You might be sitting in tears for now, but days, weeks, months, or years later, you’d realize why such awful things occurred. We’re all on a journey with bumps and roadblocks along the way, and the only thing we have to do is move over them and learn from our mistakes.

Here’s a story that Bill shared during the podcast that perfectly encapsulates this idea. A few years ago, he and his wife attended a mastermind group meeting in Africa. To get there, they had to fly to Washington DC to pick up their first-class flight to Africa, which was going through London. Stopping over at London was quite important at the time because they were visiting Bill’s mother-in-law, who they just learned had breast cancer. But when they got to DC, the airport personnel said they didn’t have tickets! Apparently, the travel agent they worked with didn’t charge Bill’s card while booking the ticket. If they want to go the same day, it would cost $10,000 each person, a price they are not willing to pay. So, they had to go the next day for about $3000 which was fine – if we’re only talking about the money. The problem was, his wife’s mom was only free to meet them for a limited time. Boarding the plane a day later means they couldn’t meet up with her!

Feeling like the worst husband of all-time, Bill watched his wife in tears. After forcefully accepting the situation, they stayed over with Bill’s uncle’s place for a day. Surprisingly, Bill’s mom and grandmother were in town and had the opportunity to spend some time with them before they took the flight to Africa the following day.

A few months later, Bill suddenly receives news about his grandmother’s passing. Needless to say, he was shocked. As he sat at the funeral, Bill realized that the airport fiasco in Washington was all by design. Had that travel agent done their job correctly, they still would have had more opportunities to see Bill’s mother-in-law later on, but not his grandmother. Bill would not have seen his grandmother one last time.

The story might not have been real estate-related, but the lesson still applies. Our mindset towards failure and mistakes pretty much impacts every aspect of our lives! As mentioned earlier, all of us are in our own adventure with our own battles to fight. Sure, some people are “born” into success, but even they have burdens to bear and have to work to get to where they want. Think about successful people’s children. They either have to work hard to live up to their parents’ names or make a name for themselves. Otherwise, they’d crumble under the pressure. The same goes for us. On the other side of our failures and pain is success, but we can’t get there if we stop now.

If you’re in the same boat as Bill was at the time, or even in a much troubling situation, just keep at it, stand up, and move forward. There’s light at the end of that tunnel.

Want to hear more from Bill? Listen to the full episode on YouTube, Spotify, or Apple Podcasts.

About Bill Allen:
It is my passion to serve, lead, and give. I want to help other house flippers, wholesalers, and entrepreneurs, grow their businesses and achieve personal and financial freedom through REI!

I believe that if you create financial freedom for you and your family, you will be able to do so much more with your life. It starts by getting around the right people and making sure you have the right TRIBE! That’s what 7 Figure Flipping is for flippers and wholesalers!

I am a Naval Officer with 18 years of military experience. I enjoy leading others and helping them find their own success. I believe that you only grow by surrounding yourself with those that will hold you accountable and push you to get uncomfortable. Your network is your net worth!

I am the owner and CEO of the 7 Figure Flipping Mastermind Group which includes 7 Figure Altitude and 7 Figure Runway.

Outline of the Episode:
[02:46] From losing $185,000 on his first deal to being able to flip over 150 houses, Bill Allen shares his story and what he’s all about.
[07:25] Using your past experiences to fuel what you’re going to do in the future.
[13:45] How does Bill seeing his grandmother before her death relate to real estate? Life is not all sunshine and rainbows!
[17:33] Learning to do the work yourself and understanding the monetary value of each little task.
[26:16] The first person you want to hire depends on your style and personality.
[31:40] When should you consider hiring in the first place?
[33:46] Building a team consists of finding the right fit at each pivotal moment of your business. They might not stay forever, as long as you can help other out.
[38:18] Starting to grow a small business takes a lot of trust. Treat your people as a team, not as family. Why?
[42:02] The fundamentals of business is taking care of your people.

Resources Mentioned in the Episode:
BlackJack Real Estate
7-Figure Flipping
7-Figure Flipping Podcast
Facebook Page
Instagram
YouTube
Flip Hacking Live
DISC Personality Assessment

Connect with JD, Annabel, and Melissa!
Website
Facebook
Instagram
YouTube
Shorefront Investments
Email: jd@shorefront-investments.com or info@shorefront-investments.com