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Episode 127: How to Raise $1M in 2 Weeks with Phil Brooks
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Ever wondered how to turn adversity into success? Join us as we dive into the inspiring journey of Phil Brooks, founder of Raw Funds, who went from facing challenges to becoming a real estate mogul.
Phil shares his journey from incarceration to triumph, starting with his childhood inspiration from his father's construction work. After discovering the transformative power of 'Rich Dad, Poor Dad,' Phil embarked on a path of financial literacy and real estate education. Phil shares his incredible experience of raising nearly a million dollars in just two weeks for a commercial property investment. Learn firsthand how Phil navigated the complexities of real estate investment, from identifying lucrative opportunities to securing seller financing.
]From purchasing single-family properties to acquiring multifamily and commercial real estate, Phil's story exemplifies resilience and determination. He imparts valuable lessons on underwriting deals, raising capital, and the importance of hands-on management.
Key Takeaways:
02:56 - Phil discusses how an introductory book like Rich Dad Poor Dad can completely change your mindset and way of thinking.
04:47 - Phil shares how books on self-help and business led him to pursue real estate investing after his incarceration.
11:04 - Phil emphasizes the importance of being mentally tough and consistent when starting a real estate business, as success may not happen overnight.
13:28 - Commercial real estate is evaluated based on the income a property generates, not just its sale value like residential real estate.
19:12 - Even after developing a team, it's important to remain hands-on as the business owner to ensure things stay on track.
20:49 - Phil stresses that investors are attracted to entrepreneurs who are willing to roll up their sleeves and do the work, not just rely on others.
Tune in for insights on navigating the real estate market and building a legacy.
Connect with Phil@:
Contact Number: 678-478-5352
Website: https://www.rawfunds.com/
Instagram: https://www.instagram.com/imphilbrooks/
Linkedin: https://www.linkedin.com/in/phil-brooks-382b9a28b/
Connect with Corwyn@:Contact Number: 843-619-3005
Instagram: https://www.instagram.com/exitstrategiesradioshow/
Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA
Linkedin: https://www.linkedin.com/in/cmelette/
Shoutout to our Sponsor: EXIT Realty Lowcountry Group
Do you want something more? More Meaningful Moments opportunities, deeper relationships and memorable experiences? Do you want to make a difference? If you say YES, a career and real estate could be the opportunity you're looking for guiding people to one of the most important decisions they ever made, the purchase or sale of their home can be both rewarding and lucrative.
EXIT Realty has a revolutionary compensation model training and technology that provides you with the tools you need to start and build your successful real estate career. Call EXIT Realty Lowcountry group today at 843-619-3005 that is 843-619-3005 or visit https://exitlowcountry.com/joinexit and make your Exit today.
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