How To Become A Real Estate Millionaire With This 3 Step Method

Speaker 1: 

All right, we are now recording and I’m our get us started. Welcome to the exactly. Oh, no. Sorry about that. Welcome to the exactly how podcasts and YouTube show brought to you by connecting investors. Now, during this episode, you’ll discover exactly how to become a millionaire with real estate using the limitless mindset method. Now, for those of you who are new, my name is Sean Young, today’s host and proud member of the connected investor community.  

Speaker 1: 

Now, before I introduce you to our next incredible guest speaker today, I want to make a request that if at any point in the show you like what you hear, please hit before, introduce you to our incredible guest speaker today. I want to make a request that if at any point during the show, you like what you’re hearing, please give us a thumbs up so that you can subscribe to this episode and not subscribe to this. Okay. Got it. All right. Sorry about that. Okay. Before I introduce you to our next incredible guest speaker today, I have a request that if at any point in the show, you like what you’re hearing, please hit the thumbs up so that you can subscribe to our show and not miss an episode And make sure to look in the description of this episode, as we’ve packed it with thousands of dollars in free information.  

Speaker 1: 

Now, today we have the privilege to learn from a woman who leading a team, hold on. That’s the part that I wanted to get us get, right? Also it says today we have the privilege to learn from a woman. It says here, who leading a team to close as the broker of my brokerage to over. Should I say there, we have the privilege to learn from a woman who, who led a team as the broker to close to let her let the team who led her team as the broker of her brokerage led her team. Let’s see here hurt to close as the broker, as the broker of her brokerage 37. Let her to the close as the broker of a brokerage over 25 years of age. Got it. Okay. All right.  

Speaker 1: 

Now, today we have the privilege to learn from a woman who led her. Not today. We have the privilege to learn from a woman who led her team to close as the broker of her brokerage over 37 millions. Today, we have the privilege to learn from a woman who led her team to close as the broker of her brokerage over 37 million in sales. When she was only 25 years of age. Now, prior to her career in real estate, she was a sales coordinator assistant at the resort. Now, prior to her current career in real estate, she was a sales coordinator assistant at a re resort real estate office. Prior to her prior to her current career in real estate, she was a sales coordinators assistant at a real estate resource office. But all that changed when she made the decision to do something. And the best thing prior to her career in real estate, she was a sales coordinators assistant at a real estate resort office. I don’t know why that’s like a tongue twister for me. Sorry about that. Prior to her, prior to her career in real estate, she was a sales coordinators assistant at a resort real estate office, but all that changed when she made a decision to do something, be the best you can be at it and never looked back. I would describe our next guest as limitless.  

Speaker 1: 

I like to introduce you to the one, the only Stacy Barrientos I’d like to introduce you. I like to introduce you to the one, the only Stacy Baron for us, Stacy. Thanks for being a guest on today’s show today.  

Speaker 2: 

Thanks for the invite, John. I’m looking forward to chatting today.  

Speaker 1: 

Absolutely, absolutely. Now, Stacy, can you wait, where are you calling from today? Or can you tell us a little bit about yourself?  

Speaker 2: 

Yes. Yeah, I’m in Idaho today. I’ve been here for most of my life. Um, and, uh, have obviously, as you’ve introduced me, you know, my residential real estate team and focus in real estate leading that team and new construction and development at this point. And, um, I’m looking forward to chatting more and learning more about, I messed up. Sorry, I haven’t done the recording part before I do that again.  

Speaker 1: 

Okay. Cool deal. I’m I’m going to, I’m going to go ahead and introduce you to it. So Stacy, can you tell us a little bit more about yourself and where you’re from?  

Speaker 2: 

Yes. So I am in Idaho, Boise, Idaho, and suburb Eagle, Idaho. And, um, like I said, have residential real estate team and focus on new construction and development. And most recently have done an 11 home custom, um, subdivision in Eagle and focus on residential currently and then training and mentoring Egypt to perform at high level.  

Speaker 1: 

Congrats on that latest do by the way. Indeed. Indeed. Yeah. I’m guys, if you’re watching this on YouTube, be sure to hit the thumbs up button and subscribe to this channel so that you don’t miss an episode as well now. Okay.  

Speaker 1: 

Got it. Now, Stacy, before we dive into exactly how to become a millionaire with real estate using your limitless mindset method, would you contribute a lot of your success now, before we dive into exactly how to become a millionaire with the real it now, before we dive into exactly how to become a millionaire in real estate using the exactly. I don’t know what’s going on today. I totally apologize before. Let me, I don’t know what’s going on. All right. Before we dive into exactly how to become a millionaire with real estate using Stacey’s limitless mindset method, Stacy, you contribute a lot of your success to your time spent meditating each day. Why do you think this has played such a big role in your success?  

Speaker 2: 

Yes. So my philosophy is that if you come from a clear internal space, you can truly create in a limitless fashion externally. And so my commitment to my morning routine, which includes meditation, visualization and focus on my short term and long term goals helps me keep dialed in to, you know, not only execute what I need to during the day to support what that longterm goal is. But I also am able to maintain a level of calm in the midst of what can be very stressful and a lot of crazy. And so that morning routine has been my rocket fuel to do everything that I’ve done. And it’s like a muscle, right? It’s as you work it, you add different elements to it. And it’s definitely been the thing that’s helped me the most.  

Speaker 1: 

Absolutely, absolutely. Now, now, Stacy, um, before the show got started, pause, I’m going to pause right there. Um, there’s three questions I need to ask you also, and I just want to lead you into this. I don’t want to catch you off guard with this. Um, it says Stacy, let’s dive into the steps to becoming a millionaire with real estate using your limitless mindset method. What would you say the three steps were like, if we could, you know, give like three bullet steps?  

Speaker 2: 

Yes. So just, I want to kind of run this by you. So I frame it up in the way you’d like, so I would do, you know, set one would be what I just explained, you know, having that rock solid foundation for yourself and those habits each day, and then it would be choosing no more than three avenues within real estate to pursue with that, you know, extreme focus. So if it’s apartments, if it’s construction development and residential, whatever, those three things are no more than three. And of course, if you can limit down, focus on less than that is always a good thing. Um, so, but I want to speak directly to what you want to achieve, you know, in the show, as far as do you want me to go into more detail about exactly how to become a millionaire?  

Speaker 1: 

Yeah. What I’ll do is I’m like, yeah. So, so that’s so, so that’s good, exactly what you’re saying. And what I’ll do is I’ll say, Stacy, can you tell us more about step one and then like having a rock solid foundation? Cause what I’ll do is say let’s dive into the, into the steps of becoming a millionaire with real estate, using a limitless mindset method. Now, before the show, we broke it down into three steps. Um, can you dive into the first step for us having a rock solid foundation, then I’ll let you go into it. And the next one would be choosing, you know, three avenues within real estate. And then what, what would you say the third one would be the third step?  

Speaker 2: 

I want to tie it back to the millionaire piece.  

Speaker 1: 

Okay.  

Speaker 2: 

I would say heavily watching your numbers and in, you know, ensuring that those are tracking along the way and managing that consistently to achieve the goal, the goal of being a millionaire. Is that tactical enough for what you think you’re thinking? Or do you want to go?  

Speaker 1: 

No, that’s that’s perfect. That is perfect. All right. That is perfect. So, so I’ll I’ll list those three steps out and then I’ll start actually I’ll say before this year we broke it down into three steps, then I’ll I’ll list the three steps now say, can you tell me a little bit more about step one and then you go into step two and three. Okay. And if there’s anything also that you want to chime in at any time, like please don’t, don’t hesitate to just chime in and throw it out there because yet anything that you give that you think would be important or entertaining for our listeners, um, and helpful as well also. Okay. That sounds great guys. So I’ll jump right back into where we left off guys. So what makes the, what makes the exactly how podcasts, what makes the exactly how freedom?  

Speaker 1: 

Wow. What makes the exactly how financial freedom podcasts and YouTube show unique is that every show comes with a detailed action plan. Now what we do before the show is we pull out what the steps out of each booth. All right, sorry about that. Alright. What makes the exactly how financial freedom podcasts and YouTube show unique is that every show comes with a detailed action plan. We pull the steps out of the show and create a blueprint on how to implement exactly what we’re uncovered. All you have to do is visit connected investors.com forward slash free to get the key takeaways and the resources and the free gifts that Stacy has generously allowed us to give you today. Now, plus, you’re going to get a free training right now. If you text the word exactly to (910) 600-0630. Again, you want to text the word exactly to non one zero six zero zero zero six three zero.  

Speaker 1: 

To see for yourself exactly how I make my money each and every day. Guys. Now, what you’re going to do is find properties in any town for pennies on the dollar. Now this is software that you use every day to make my money. So go ahead and take a look at it. Guys, as nearly a million people know connected investors is a social network of real estate investors and a marketplace of investment properties. In the description of this video, I’ve included a link to this episode’s form discussion. So Stacy, before we got into the shower, maybe this, so Stacy let’s dive into the steps to becoming a millionaire with real estate using your limitless mindset method. Before the show, we broke it down into the three steps. That’s having a rock solid foundation, choosing three avenues within real estate and tracking your numbers to ensure that you achieve your goals of becoming a millionaire. Can you tell us a little bit more about step one?  

Speaker 2: 

Yes, absolutely. So starting with a rock solid foundation is paramount to ensure sustainable longterm success. And so diving into that deeper, what that looks like is making sure where you’re coming from internally is clear and calm so that you can focus on what you’re doing. Move quickly, work smart, and be able to build something that’s worth it and sustainable. Right? So first looking at that rock solid foundation, what that looks like is I call it the triple threat. So it is a three minute meditation every morning. It’s super simple. And even if you get caught up during the day, you can use it like before a super stressful meeting or something. That’s kind of throwing you off during the day. So three minute meditation, and then I focus on what are the three things that I’m grateful for? So that’s number two. The third part is what are my top three goals? And so I, you know, get calm, get focused on gratitude and then focus on those top three goals so that I am primed and ready to rock and roll for the day.  

Speaker 1: 

That is awesome. I love that. I just love how you have a method of approaching the business. You’re not just going out there saying, Hey, you know what, I’m just gonna wake up and do it. You’re saying I’m going to prepare myself for success the best way that I possibly know how to do it. That’s I definitely love that  

Speaker 2: 

Preparation and opportunity, right. Is success.  

Speaker 1: 

Absolutely. Absolutely. Like they say, if you don’t, if you’re not prepared for success, I mean, how are you going to be able to receive it when it comes knocking on your door? So prepare to fail or what’s that phrase prepare to fail or fail to prepare. If you fail to prepare, you might as well prepare to fail, which that which brings us into step two, which is choosing three avenues within real estate.  

Speaker 2: 

Yeah. So when you are analyzing the path you want to take in real estate to build your empire, I say, if you can focus on one Avenue, that’s great. But what I say is, do not expand beyond three avenues. And the avenues I’m talking about are apartments as an example of developments, as an example, and residential, you know, flip investment homes, um, diverse, aligned beyond three is too much and it gets diluted. You can’t handle it. And frankly, again, if you can focus on one, that’s super powerful, you can be a master at it. And, um, but just don’t go above the three. And so when you are creating this plan, it’s helpful to, you know, decide on those top three or less and create your goals alongside those three of what it is with each investment. What, how much money do you want to make with and make sure that the three together obviously, you know, equal the goal that you’re after.  

Speaker 2: 

Once you do that, then you need to back into that number even more so by figuring out how are you going to secure those investments? So, you know, are there developments that you’ve had your eyes on? Are there flips that you have your eyes on, if not, what tools resources can you use consistently to get those perspective opportunities lined up so that, you know, you’re working at like a business every day, you’re hitting X amount of numbers, you’re knocking on X amount of doors, whatever the case may be to focus on those three avenues so that you can then reach your goals.  

Speaker 1: 

I think that is huge. I think that’s hugely important. There’s a book that a mentor of mine suggested called the one thing. And, uh, you know, I suggest you guys read that book as well. It’s a, it’s a great book and, and it, you know, really dives being focused and not kind of spreading yourself too thin, you know, all over the place and not getting anything to accomplish, which is definitely not what we want to happen. So I definitely like how you said, you know, focus in on three areas, don’t try to, you know, do any, any, and everything that that is available in real estate investing, you know, find your niche, figure out what your tools are. And for our listeners out there, you guys are very much aware that, you know, we have the pin five version that’s out right now that will allow you to find, you know, these residential properties that Stacy mentioned. You know? So those are tools that that’s an, an example of a tool that you guys will need for your business. So I love that. I love everything that you just said and that it didn’t want to stop your thunder there, but that brings us into, into step three, which is tracking your numbers to achieve your goal of becoming a millionaire.  

Speaker 2: 

Yes. So, you know, if you go out and you create all of this amazing success, but don’t track those numbers, I guarantee that it will all go out the other door, right? Because money and money out, not tracked and instructed where to go, it’s going to go to everyone else. That’s just how it works. Right? So being really mindful of which tools are you going to use alongside the investments or opportunities that you’re pursuing, that you can rely on to control your costs and track your numbers? You know, there are a lot of templates out there, um, resources, you know, where it’s a simple Excel spreadsheet, simple Google sheet, online that you can track your budgeting because it looks really good upfront, but as you get into it, there’s always more cost. And so being really mindful of those numbers and controlling those numbers so that every time you’re hitting your goal is step three. Um, and so important to, you know, kind of tied the bow on the whole package of these three steps. Because if you do everything up to this point, but don’t manage those numbers, then you’re basically, you know, back to where you started. So very important,  

Speaker 1: 

Indeed, I would 100% agree. Um, and, and guys that that’s, uh, you know, something that we call those KPIs or key performance indicators, um, you, you want to know what your numbers are. If you’re not tracking your numbers guys, how you’re not really, like Stacy said, you’re not really having a true business mindset. You have to know what’s going out and what’s going in to know where you’re, you, you lie within that business. Where’s your profit is their profit. You know, what areas should you focus more on or pull a little bit away from, and without tracking your numbers, you just don’t know that. So I definitely love ms. Step three, as well. Very important.  

Speaker 2: 

Yes. Numbers are definitely the language of business. You know, someone said that and, um, it’s like understanding any new venture or existing venture, you know, knowing the language of what it takes to be successful with paramount.  

Speaker 1: 

Absolutely. Absolutely. Now, Stacy, I know that you said, you know, try to pick maybe three areas to, to choose. Um, but if someone was just getting started and you know, they, you know, they, you know, they had a little bit of money to invest. Which area would you say that they should maybe focus on first before they go into those other areas? Or would you say maybe try to approach them all? What is your philosophy on that?  

Speaker 2: 

Yeah. So if, if you’re just starting out, what I suggest is make sure you’re familiar and well-educated with what your local market is doing, and start out with a singular flip or, you know, maybe you could purchase a duplex and live in one side and, you know, start building that up where the other rents that you receive could potentially be that cash flow. So you’re able to build that investment. And then from there, you can leverage into, you know, going into what apartment complex or development, but I think that’s a great place to start because it’s, it’s safe in certain, you know, as a state and certain as real estate could be, um, and allows you to get started.  

Speaker 1: 

Understood. I understood that. That makes sense. So I just want to kind of make sure that, that we got advice from Stacy on that because you know, sometimes folks are just a little confused, like, man, you know, I’m interested in apartments because I think I can make a lot of money in that area or, you know, they’re just not sure where to go or they’re like, Hey, I like that that center I saw over there, this business center that I saw that looks vacant, I’m wondering if I could buy it. So I, I’m glad that you really broke that down. And, you know, let folks know that, Hey, you might want to start out with a residential flip, you know, get your funds up, build up your capital and, and through, you know, leveraging having funds, you’ll be able to leverage even more capital on those bigger deals and on those bigger projects. Now guys, as a reminder, if at any point in the show, you like what you’re hearing, I want to make sure that you please give us a thumbs up or subscribe to the show so that you don’t miss an episode and that you stay engaged because it’s shows engagement that keeps us doing this for the community for free. Now, Stacy, what do you think your life would be like if you never made the decision to do something and you were still working as a sales coordinators assistant.  

Speaker 2: 

Wow. Thinking of reflecting on that brings me back to just the answer of, I think I would still be in a position similar to that. The thing that’s so great about real estate is there are no limits. You know, you can build whatever type of business you want to build and, you know, express creativity through it, put your personality out there. And, um, yeah, if I didn’t decide to take action, I would be, I would definitely be stuck where I was before. So I’m very happy that I made that decision. I encourage others to do the same.  

Speaker 1: 

Hey, I love that. How you say, you know, real estate opened up other areas and other avenues for you as well, because I definitely agree with that. Um, you know, like, like Ross, myself, you know, we were authors, you know, we do real estate. We, Ross has a company. I have different companies. I mean, it definitely opens you up and moves into areas by providing that, that workable capital that you need to get started, um, you know, to get other, you know, to get other things off the ground and going for you. So I love real estate as well as a foundation. Yeah. Now Stacy, you’ve made it to the partners show that we call the rapid fire session. Now I’m going to ask you 10 quick questions. And during these questions, you just give me the first answer that comes to mind. All right. On a scale of one to 10, how strict, what your parents pick up early or stay up late? How many hours of sleep do you get? Okay, favorite or last book? Read  

Speaker 2: 

Money is an illusion by Kyle cease. Really liked that one.  

Speaker 1: 

Okay. Now Stacy, if you could be any superhero, who would it be?  

Speaker 2: 

Iron man. I love that.  

Speaker 1: 

Yeah. That one a lot. That’s interesting. That’s interesting. A lot of folks say iron man, people say regular guy, who’s very smart and enrich and you know, use his intelligence and money to, to, you know, do superhero things. That’s awesome. Yeah. Now something that everyone should do, less of something everyone should do more of. Okay. Bitcoin bang or burst. Well, people live on Mars in your lifetime.  

Speaker 3: 

No.  

Speaker 1: 

Okay. Well, Stacey, you know, first I want to say thank you for being an awesome guest today in a, if folks out there want to get ahold of you, how can they reach you to out there?  

Speaker 2: 

Yes. The best way is to visit my website, which is limitless with Stacey b.com. My last name is very long. So most people call me Stacy B.  

Speaker 1: 

I used to be Stacy. We love it. Well, Stacy, like I said, we I’ve learned a lot. I hope our guests I’ve gotten a lot out of this show today and guys you’ve made it to the end of the show. And most people don’t finish what they start. So you guys are special. Now, if you got any value out of today’s show, please share it with a friend on your Facebook page, like this video, subscribe to our channel and send us any topics that you want to learn about. Now, like I said earlier, guys, millions of people use the connect and investor social network and marketplace to connect. Now in the description of this episode, we’ve included a link to this episode’s discussion, tap that link, ask me and other pros questions and see what other investors are saying about this particular episode. So until the next time guys, I’ll see you on the inside. Take it easy.