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.
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