Overcoming the Hurdles to Become Successful with Sterling White
Sterling White came from a very low-income background. Currently, he has over 600 doors and $10-million in capital under management. Sterling was featured on the BiggerPockets Podcast Episode #308 and contributed content to BiggerPockets since 2014, with over 200 posts on topics ranging from single-family investing and apartment investing to mindset and scaling a business online.
Today, he will teach us what he used to overcome the hurdles and become a successful real estate investor.
[00:01 – 07:33] Heavy-Lift Value-Add Multifamily
- I talk briefly about great values that await you in this episode
- I introduce and welcome our guest, Sterling White
- Sterling talks about his real estate background
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- His long-term goals in real estate
- Sterling explains the heavy-lift value-add multifamily
- A property that needs a lot of work, renovation, etc
- The expenses are close to 65-70% of the property.
[07:34 – 12:19] Overcoming the Hurdles to Become Successful
- Having the mentality of someone from a low-income background.
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- Sterling talks about his story that started from humble beginnings.
- Sterling shares tips for people trying to figure out how to rise up from a similar background he came from.
[12:20 – 15:28] Heavy-Lift Value-Add Multifamily (Continued)
- The mechanics, costs, and other factors involved in a heavy-lift value-add
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- How to handle these kinds of deals
- Creating your team and how to leverage other teams.
[15:29 – 21:03] Overcoming the Hurdles to Become Successful (continued)
- Being in a situation where he had very low overhead, Sterling did everything he could possibly do to earn money legally.
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- Leveraging his situation to his advantage.
- How to apply and leverage the "Sterling mindset" in your investments.
- Sterling talks about his motivation in doing what he does.
[21:03 – 32:14] Closing Segment
- Quick break for our sponsors
- What is the best investment you've ever made other than your education?
- In myself. Training in sales every day. I feel like it helped me a lot in business and relationships in general.
- What is the worst investment you've ever made?
- One of the apartments I acquired. It was the worst in terms that I was still in the learning process with structuring the deal.
- What is the most important lesson that you've learned in business and investing?
- Sales, it always comes down to sales.
- Sterling explains why it was sales.
- Connect with Sterling. See the links below.
Tweetable Quotes:
"It's always just determining what areas you are weak in and finding a solution." – Sterling White
"It just comes down to what are your goals and what are you working towards, and that can be your big motivator." – Sterling White
Resources Mentioned:
You can connect with Sterling on https://www.sterlingwhiteofficial.com/ or follow him on Instagram.
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