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In this episode, Wyatt Simon talks with us about what it takes to scale in real estate. He breaks down the motivation behind jumping into the game—because let’s face it, nobody dreams of grinding away in a corporate gig forever. Wyatt goes into the BRRRR strategy—buy, rehab, rent, refinance, repeat—showing how to make your money work for you, even while you sleep.

He also goes into his experience with property management and how it is a low-margin grind unless you’re managing a big portfolio. He says to focus on what truly matters—clear communication, managing expectations, and building a top-notch team. His advice? Stop trying to save a few bucks by doing it all yourself or hiring on the cheap. Invest in quality. Invest in expertise. Your time, peace of mind, and the success are worth far more than a few dollars saved.

Wyatt also talks about discipline and the ability to tackle tough challenges head-on. And when it comes to real freedom? It’s found when you stop linking your self-worth to your net worth. Contentment isn’t about settling; it’s about being on the right path and enjoying the journey.

Wyatt’s mission is clear: create 100 millionaires and help others achieve financial freedom. He shares insights from his upcoming book, Your First 100 Units: The Real Estate Investor's Playbook to Scaling a Portfolio, offering a roadmap to success. But it’s not just about reaching the end goal—if you’re not loving the process, you’re missing out. So, take a breath, trust your team, and enjoy the ride. Success is coming, but the journey is where the real value lies.

Takeaways:
- Maximize your earning potential before making the jump into real estate.
- The BRRRR strategy can be a successful way to invest in real estate.
- Property management may not be worth taking on until you have a larger portfolio.
- Communication and managing expectations are key in real estate.
- Finding the right people for your team is crucial. Delegate tasks and hire the right to save time and focus on higher-value activities.
- Pay more for quality and expertise rather than trying to save money and expecting more.
- Find freedom in your relationship with money by being content with where you are and not attaching your identity to your net worth.
- Coaching and mentoring can provide guidance and support in building a real estate portfolio.
- Wyatt's goal is to create 100 millionaires and help others achieve financial freedom and his upcoming book.
- Focus on the process and enjoy the journey rather than solely focusing on the destination.

Sound Bites:
- "I don't wanna have to be in this corporate life for the rest of my life. I wanna have something working for me while I slept."
- "Passive cashflow is a myth until it's not."
- "The key to investing is to recover your seed capital as quickly as possible."
- "I overpay for my peace of mind. I overpay for my time."
- "If I'm telling you and teaching you what to do, then that means I'm not doing the other things that I could be doing."
- "Instead of me muscling things forward, I'm actually just getting out of the way because these guys are better than me at it."

Chapters:
- 00:00 Introduction and Slowing Down
- 03:15 Motivation and Getting into Real Estate
- 09:23 The BRRRR Strategy for Real Estate Investing
- 17:36 Challenges of Property Management
- 20:24 Importance of Communication and Managing Expectations
- 28:08 Building the Right Team for Real Estate Success
- 31:31 The Importance of Delegating and Hiring the Right People
- 36:19 Correlation Between Sports/Military Backgrounds and Entrepreneurship
- 39:08 Finding Freedom in Your Relationship with Money
- 41:21 Coaching and Mentoring for Building a Real Estate Portfolio
- 44:45 Putting a Lid on the