161: Michael Griffin - Flipping Homes, Creating Wealth, and Saying "NO"

161: Michael Griffin - Flipping Homes, Creating Wealth, and Saying "NO"

Author: Will Grimes and Eli Schmidt July 13, 2024 Duration: 56:21

In this episode, Will, Eli, and Michael Griffin, a massively successful house flipper and owner of multiple businesses, share their journeys in real estate and entrepreneurship.

They dive into the crucial role of planning for both personal and professional growth and explore the unique opportunities available to realtors. They discuss the challenges of managing a team, emphasizing the need for efficiency and smart decision-making. They highlight the mindset and work ethic necessary for success, while also underscoring the importance of family and fatherhood in shaping their views.

Additionally, Will and Michael discuss the significance of building a business that's not dependent on constant transactions. They stress the value of surrounding yourself with the right people and mentors, and contributing positively to your network. The conversation also covers the importance of taking risks and developing infrastructure to scale a business. They touch on various topics including real estate, entrepreneurship, and the promising future of emerging industries like psychedelics.


Chapters

00:00

Introduction and Setting the Context

02:43

The Opportunities and Ascension in Real Estate

06:08

The Importance of Getting Licensed and Taking Action

08:04

From Commercial Real Estate to Entrepreneurship

10:43

Choosing the Right Location for a Business

17:36

Overcoming the Perception of Average and Recognizing Personal Growth

19:34

Efficiency and Calculated Decision-Making in Business

23:41

The Impact of Fatherhood on Personal and Professional Growth

27:10

Building Residual Income through Long-Term Investments

28:35

Building a Business That Doesn't Rely on Transactions

32:55

Saying No and Identifying Opportunities

35:18

Exploring Emerging Industries

36:40

Taking Risks and Building Infrastructure

41:08

Surrounding Yourself with the Right People

43:29

Contributing Value to Your Circle

44:26

Tenacity and Work Ethic

48:14

Creating Freedom and Flexibility in Your Business


In a crowded field of get-rich-quick schemes and superficial advice, Real Estate Re-Defined offers a different path. Co-hosts Will Grimes and Eli Schmidt built their own successful practices from the ground up, and they understand the daily grind and strategic decisions that separate a fleeting side hustle from a lasting enterprise. Will, a Marine Corps veteran, applies a disciplined, no-nonsense leadership philosophy to the business, while Eli provides the operational savvy. Together, they move past the industry clichés. You won't find rehashed cold calling scripts or cheerleading for outdated tactics here. Instead, each episode is a deep dive into the practical systems, the necessary mindset shifts, and the adaptable strategies that actually work in the current market. They discuss building a genuine brand, creating efficient workflows that free up your time, and developing the resilience to handle inevitable setbacks. This podcast is for the agent or investor who is tired of the noise and ready to do the real work of constructing a business that thrives long-term, not just survives the next transaction. Listen to Will and Eli for candid conversations, hard-won lessons, and a redefined perspective on what sustainable success in real estate truly requires.
Author: Language: en-us Episodes: 50

Real Estate Re-Defined
Podcast Episodes
181: More Than Meets the Eye - Owning Your Unique Journey [not-audio_url] [/not-audio_url]

Duration: 50:06
In this episode, Will Grimes and Eli Schmidt take a nostalgic trip down memory lane, reflecting on their personal and professional evolution. From their brand-new podcast set to childhood experiences in music, sports, an…
180: Stop Thinking Like an Employee: The CEO Playbook for Agents [not-audio_url] [/not-audio_url]

Duration: 54:45
In this episode of Re-Define, hosts Will Grimes and Eli Schmidt break down what it truly means to have a CEO mindset as a business owner—especially for real estate agents. They challenge agents to move beyond the "transa…
179: Secrets Of A Veteran Real Estate Agent - Tina Hare [not-audio_url] [/not-audio_url]

Duration: 2:46:50
In this episode, we welcome back our good friend, Tina Hare, for her second appearance on the podcast! With over 20 years of experience in the real estate industry and a track record as the #1 agent for a major brokerage…
178: Redefining What Success Means to You [not-audio_url] [/not-audio_url]

Duration: 45:57
In this episode of Re-Define, hosts Will Grimes and Eli Schmidt kick off a fresh chapter with engaging discussions on personal growth, navigating busy schedules, and balancing day jobs with passion projects. They share t…
177: Saying Goodbye [not-audio_url] [/not-audio_url]

Duration: 1:15:06
This is the final episode of Day One Dollar Zero.