Most of us resist setbacks and struggles, but both are crucial to our growth. In fact, the most successful investors respond to failure with resilience. These investors pick themselves up, dust themselves off, and then take the next step of uncomfortable action toward their dreams of financial freedom.
Rob Rowsell embodies that kind of human will. In 1999, he was a homeless crack addict living on the streets. Then, he stumbled into a rehab center, and through sheer grit, Rob turned his life around. Today, he is a real estate investor and motivational speaker, as well as multiple business owner and bestselling author of Addicted to Life.
On this episode of Financial Freedom with Real Estate Investing, Rob joins cohost Garrett Lynch and me to share his journey from homeless addict to successful multifamily investor. He explains why so many aspiring investors don’t succeed, challenging us to develop a strong WHY and leverage visualization to reach our goals. Listen in for Rob’s insight on cultivating the mindset where you need to take action, grow through the challenges, and achieve financial freedom as a multifamily investor!
Key Takeaways
Rob’s struggle with addiction
- Hooked on both meth and crack cocaine
- Homeless and unemployable
What inspired Rob’s decision to change
- Realized he was now on the path to death or prison
- Pain to stay the same was greater than the pain to change
How Rob got back into society
- Choose new people, places, and things
- Willing to take uncomfortable action
Why aspiring investors don’t take action
- Biggest hurdle is equal to previous successes
- They lack a big enough WHY
How Rob uses visualization to reach his goals
- Write out your goals as if they are already accomplished
- Read over in order to instill yearning and belief
The traits of a successful entrepreneur
- Builds momentum via stacked action
- Willing to act despite uncertainty
- Grow through catastrophic failure
How Rob used knowledge in order to build momentum
- Ziglar taught potential to succeed
- Saved so he could buy Carleton Sheets course
Rob’s intro to real estate
- Bought auto repair shops with no money down
- Used hard money for first few SFHs
How Rob grew a 1K-unit multifamily portfolio, leading to financial freedom
- Start with SFH buy-and-hold strategy
- Flip SFHs into small multifamily
- Reinvest profits in larger multifamily
About “Financial Freedom with Real Estate Investing” Podcast
The Financial Freedom with Real Estate Investing podcast is all about how you can achieve financial independence and control your time through apartment building investing. Each week, hosts Michael Blank and Garrett Lynch interview experts who share how you can get started with investing in multifamily real estate even if you don’t have previous real estate experience or cash of your own to invest. You’ll hear from experts like Grant Cardone, Robert Kiyosaki, Ken McElroy, Robert Helms, Brandon Turner and Hal Elrod about developing the right mindset and scaling your portfolios. You’ll also hear from dozens of people who share how they have been able to quit their jobs with multifamily real estate. Whether you’re just getting started or want to scale your syndication business, this is the show for you!
