How To Succeed In Real Estate Investing As A Total Beginner with Douglas Clark
How to start investing in real estate as a total beginner? What is the easiest way to get started when you have 0 resources available? In this article, you will learn as Douglas Brian Clark, a full-time real estate investor and a super connector across online communities, shares his journey in real estate journey. You will also learn about how to evolve from a fixed mindset to a growth mindset, and what does ‘The Gentle Art Of Crushing It’ has to do with these. Let’s get started!
Douglas Brian Clark (Real Estate Investor)
Raised in California, Douglas moved to Texas a couple of years ago and decided to aggressively get out of debt. As a follower of Dave Ramsey and Robert Kiyosaki, he didn’t do the typical version of house hacking. But he found a way to get a low-priced house, hold his family of six children so that he doesn't have a mortgage and enable him to aggressively invest.
He bought his first piece of real estate back in 2020, and he is now working on a third property, which will be with a partnership. Currently, he is working on breaking into becoming a full-time real estate investor and aspires to become a super-connector. One of the first things he did was entering the Jason Drees community, where he met a lot of heavy hitters who earn a decent amount of a million dollars annually.
How to Flip 14 Houses Within A Year
Douglas explained the process of purchasing a flipping franchise. Through this flipping franchise, they have to do marketing services too. Douglas has a background in sales, so he isn’t afraid to pick up the phone and cold-call people. The steps needed to flip a house are:
Find the deals.
Get the funding
Anytime anyone invests, there's always risk involved. But he applied what Jason Drees said, “ You decide, commit, and then figure out how you're going to do it.”
The Gentle Art of Crushing It
Douglas also started a Youtube Channel, named “The Gentle Art of Crushing It”. It was inspired by his Brazilian Jiu-Jitsu training. Jiu-Jitsu is translated as the gentle art, it's not so gentle at times, but the concept is to actually not use strength or muscle, but use the technique. The technique will overcome muscle when one understands it, and masters it.
So, his Youtube channel “The Gentle Art of Crushing It” is sort of a tip of the hat to Jiu-Jitsu, but also the Jiu-Jitsu mindset, which is the technique of success is not necessarily to be confused with strategy, because strategy can be coming from a wrong perspective.
The concept resembles the teaching from Jason Drees, where he would call it “frame” or “perspective”. Say the perspective is that you're going to be successful, then your chances are great. But if you set a clear goal to be successful in the 500k range per year, then you should surpass by trifold or even four-fold. In conclusion, Douglas believes that the key technique to success would be the mindset.
Fixed Mindset vs Growth Mindset
In the episode, Douglas mentioned a book called Mindset, in which the terms “fixed mindset” and “growth mindset” are mentioned. He then elaborates on how individuals can stick to a particular role because they believe that is their mindset, and that's all that they can accomplish. A growth mindset person will say, they live inside this circle here, but it’s not their comfort zone.
For example, if Tony Robbins has created tremendous success, one must understand that this is possible for themselves too. For Tony Robbins is an ordinary man, and we are all the same.
The Best Way to Overcome Your Fear
1.Keep your finger on the pulse of the market
Life is uncertain and investing has risks involved. Douglas gives us an understanding that investing is not gambling. So investing requires a lot of research, and most importantly keeping your finger on the pulse of the market. He expects himself to stay dialled in with what's going on. If huge changes are coming down the pike, then he will allow himself to pivot and move to what is the best course of action.
2. Be flexible with your strategies
He mentioned Jay Scott in the interview, who is an incredibly successful home flipper. He has changed his strategies multiple times along the way, and one of the things that he says is that, “How I see the future affecting real estate investing is, it’s dependent on what happens. He can’t stay fixed, that’s called having a tunnel-visioned on one strategy.” In other words, there are unlimited strategies with real estate, and it's incredibly forgiving.
3. Don’t let fear get in your way
Jay Scott has met a lot of people who have done 0 deals in real estate and then he's met a lot of people that have done one. What he's noticed is that everybody that has done at least one real estate deal didn't stop there, they kept doing deals. All the newcomers to real estate can do their research with due diligence and find a helpful mentor.
Fear, Douglas explains, is the acronym as false evidence appearing real. It will always be there. So it's your job to act in the face of it to act with bravery and courage and make the best-educated choices that help someone overcome fear and keep moving forward.
Reach Out to Doug Today
Email : thedouglasbrianclark@gmail.com
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