Latest / Callis Mindset with Kannon Callis / Ep. 11 How Community Creates Wealth: Balance, Investing and Building Long-Term Success
Transcript
- 0:00Speaker 1: Welcome to the Callous Mindset, the show where discipline meets
- 0:03Speaker 1: growth and high performance is a way of life. I'm
- 0:07Speaker 1: your host, Cannon Callous, and thanks for tuning in to
- 0:09Speaker 1: today's episode, where we'll sit down with the lead entrepreneur,
- 0:12Speaker 1: pop real estate professional, and leader who refuse to settle
- 0:16Speaker 1: for average. If you're ready for thinking sharper, leading stronger,
- 0:20Speaker 1: and building a mindset that separates you from others, you're
- 0:23Speaker 1: in the right place. Today's high performance expert is John O. Weber,
- 0:32Speaker 1: top local realtor, founder of the Idaho Real Estate Investing
- 0:35Speaker 1: Network and also founder and host of the real Estate
- 0:38Speaker 1: Investing for Life podcast. Welcome johna Hey.
- 0:42Speaker 2: Thanks Canon, great to see you today.
- 0:44Speaker 3: Appreciate having me on.
- 0:45Speaker 4: I appreciate you being here too.
- 0:47Speaker 1: So I've known you for almost a year now and
- 0:51Speaker 1: I'm part of the organization IRAN, which used to be
- 0:54Speaker 1: Boise real Estate Investor Network. I want to dive into
- 0:58Speaker 1: some deeper context today than just surface level conversation, things
- 1:04Speaker 1: like how you founded multiple organizations, how you're connectings, and
- 1:10Speaker 1: really just understanding your path through that perfect So let's
- 1:15Speaker 1: start with where did you begin before launching your first organization?
- 1:22Speaker 2: Well, I wasn't always an entrepreneur, although I would say
- 1:25Speaker 2: I was always entrepreneurial, and so I began my first career.
- 1:30Speaker 2: First two careers were not particularly entrepreneurial.
- 1:33Speaker 3: I was a meeting planner.
- 1:34Speaker 2: I planned corporate meetings and events, which is why I
- 1:37Speaker 2: still like to plan events today.
- 1:39Speaker 3: I'm sure. And then I was a teacher.
- 1:41Speaker 2: So my first venture truly well started investing in real
- 1:47Speaker 2: estate back while we were doing those full time jobs.
- 1:50Speaker 2: But really I started as a true entrepreneur, I would
- 1:53Speaker 2: say when I was in my thirties, so not right away,
- 1:57Speaker 2: and that was when I really got into real estate
- 2:00Speaker 2: as an agent.
- 2:02Speaker 4: Got it cool.
- 2:03Speaker 1: So you started out teacher, someone who planned events, and
- 2:08Speaker 1: then that experience kind of carried you into some of
- 2:11Speaker 1: the opportunities that you've taken advantage of recently. And now
- 2:16Speaker 1: since i've known you, you've been a multi venture founder,
- 2:19Speaker 1: deeper in real estate than I've been, you know, especially
- 2:22Speaker 1: in this market, and I'm sure that you're one of
- 2:25Speaker 1: the best connectors I've met. You know, your personality type
- 2:28Speaker 1: and the activities that you focus your time on has
- 2:32Speaker 1: been helping others help themselves and also kind of creating
- 2:36Speaker 1: an expectation of success for themselves.
- 2:39Speaker 2: Oh I like the way you put that thank you,
- 2:40Speaker 2: yes you got you, you understand me canon, because I
- 2:43Speaker 2: do believe that people sometimes, you know, they need someone
- 2:46Speaker 2: else to believe in them before they believe in themselves.
- 2:49Speaker 2: And I definitely was and am multi passionate as an entrepreneur,
- 2:56Speaker 2: and there was a time when it was probably too much.
- 2:59Speaker 2: And I'm working to streamline now and make everything go together.
- 3:03Speaker 2: But yeah, one time I was running a large real
- 3:06Speaker 2: estate team. I was starting up this Idaho real estate
- 3:10Speaker 2: investor network, and I was also my husband and I
- 3:13Speaker 2: of course have our rental properties, but we were also
- 3:16Speaker 2: owning and managing a restaurant and business, and so there
- 3:20Speaker 2: was a came a point where it was a bit
- 3:23Speaker 2: too much for a little bit. But I've learned so
- 3:25Speaker 2: many lessons along the way that what I'm doing now
- 3:28Speaker 2: feels like a light load, and it's enabled me to
- 3:32Speaker 2: reach people in ways that I never could have imagined.
- 3:35Speaker 2: It's a great challenge.
- 3:37Speaker 1: That's awesome. I didn't know that you guys were managing
- 3:39Speaker 1: a restaurant. I know that that alone is more than
- 3:42Speaker 1: a full time job.
- 3:44Speaker 2: Yes, yeah, I wouldn't recommend it. Real estate is much
- 3:47Speaker 2: better opportunity in my opinion.
- 3:49Speaker 1: Yeah, So how did you get into real estate investing?
- 3:52Speaker 1: Like where did that idea come from? What was your
- 3:54Speaker 1: first investment?
- 3:55Speaker 2: Like, well, it came from a need to figure out
- 3:59Speaker 2: how to have more one stream of income. We had
- 4:01Speaker 2: bought some rental properties early on in our marriage. My
- 4:04Speaker 2: husband was the one gung ho for real estate investing.
- 4:06Speaker 2: At the time, I was the scared one. I'd be like, Okay,
- 4:09Speaker 2: that could be your deal. But we eventually I came around,
- 4:13Speaker 2: obviously and really started looking at it back when we
- 4:18Speaker 2: had a recession, back you know, you were a kid canon,
- 4:22Speaker 2: but there was, you know, a really scary time when
- 4:25Speaker 2: real estate went down, down, down, and we were one
- 4:28Speaker 2: income household and we had one rental property that was
- 4:31Speaker 2: negative eight hundred cash flow a month. We didn't know
- 4:34Speaker 2: what we were doing, and I started researching, started looking out
- 4:38Speaker 2: for other people that were doing something different, doing it
- 4:41Speaker 2: differently than I was doing, and had this little thought
- 4:44Speaker 2: like what if I could sell this one rental property
- 4:46Speaker 2: and turn it from a negative cash flow situation to
- 4:49Speaker 2: a positive And painfully made that choice at the bottom
- 4:53Speaker 2: of the real estate market. But it actually was a
- 4:56Speaker 2: great decision. Because it propelled our real estate investing move
- 5:00Speaker 2: moving forward. And a couple years after that, we were
- 5:03Speaker 2: buying properties and so forth.
- 5:05Speaker 3: And I had a great.
- 5:07Speaker 2: Realtor at the time, and she's like, JOHNA, you know
- 5:09Speaker 2: the market as well as I do.
- 5:10Speaker 3: You should get your license, and that's why.
- 5:14Speaker 2: And when I did that after we had invested in
- 5:16Speaker 2: a lot of properties and I thought I was going
- 5:19Speaker 2: to get my license just to flip a house or
- 5:21Speaker 2: two a year, maybe help a friend or family member,
- 5:24Speaker 2: And before I know it, I was doing many, many
- 5:28Speaker 2: transactions every year and wind up growing a real estate team.
- 5:32Speaker 2: I think one of my trades good bad are indifferent
- 5:34Speaker 2: is I don't do things small.
- 5:36Speaker 3: I'm going to do it. I'm going to do it.
- 5:38Speaker 1: Well, wow, that's awesome. So you started with one single
- 5:42Speaker 1: family property. Eventually that opportunity grew as the market recovered
- 5:48Speaker 1: and pursed more and more properties. Then you realize, I'm
- 5:52Speaker 1: really good at this and I should probably be doing
- 5:54Speaker 1: real estate professionally, started.
- 5:56Speaker 4: A team and grew it.
- 5:57Speaker 1: Yeah, and when did you come up with the idea
- 6:00Speaker 1: to start the investor Network.
- 6:02Speaker 2: It was actually an iterative situation that it happened over
- 6:07Speaker 2: a number of years.
- 6:08Speaker 3: I actually had.
- 6:10Speaker 2: After I got the bug for real estate investing, I
- 6:12Speaker 2: wanted to get around other people and know what they
- 6:15Speaker 2: were doing and get that relationship with other like minded people.
- 6:19Speaker 2: And I started a meetup back in twenty fourteen, thirteen
- 6:24Speaker 2: or fourteen, and I was fresh off going to a
- 6:26Speaker 2: bigger pocket summit where I had been around three hundred
- 6:29Speaker 2: real estate investors and was all pumped up and started
- 6:32Speaker 2: this quarterly meetup and it's in very different way.
- 6:36Speaker 3: It's still going on today.
- 6:38Speaker 2: And then I started a Facebook group for real estate
- 6:40Speaker 2: investors back in twenty seventeen. I was the first member
- 6:44Speaker 2: and just like, okay, guys, I wants to talk about
- 6:46Speaker 2: real estate investing in Idaho, and it grew and you
- 6:51Speaker 2: and I both entrepreneurs canon, so we know, like little
- 6:54Speaker 2: ideas kind of form. And in twenty twenty two, I
- 6:58Speaker 2: was wonder figuring training or what to do with this
- 7:01Speaker 2: community that I have built but wasn't not only was
- 7:05Speaker 2: I not monetizing, but I was spending quite a bit
- 7:08Speaker 2: of money to keep it up, and just thought maybe
- 7:14Speaker 2: we could get this off of Facebook, off of something
- 7:16Speaker 2: informal where no one really has a chance to really
- 7:19Speaker 2: get to know each other.
- 7:20Speaker 3: And really form this network.
- 7:23Speaker 2: And so I just started building it, really not knowing
- 7:26Speaker 2: what was going to be the next step, but I
- 7:28Speaker 2: was excited and we had a half day real estate
- 7:31Speaker 2: conference here that we launched what was that then called
- 7:36Speaker 2: voyce Reen, and we had one hundred and twenty people
- 7:38Speaker 2: show up and they were excited, and we were able
- 7:42Speaker 2: to use that start to build a website out and
- 7:45Speaker 2: start putting things in place to formalize it and make
- 7:48Speaker 2: it something that My goal is to have it something
- 7:52Speaker 2: that's in place and growing sustainable for decades to come,
- 7:55Speaker 2: because I think Idaho needs something like this.
- 7:59Speaker 1: Yeah, so you you really were just trying to find
- 8:02Speaker 1: like minded people in the state create a meetup, and
- 8:07Speaker 1: because there was a demand there, you kind of met
- 8:09Speaker 1: that need for yourself first but also for other people.
- 8:13Speaker 1: And then from there, when did it shift from a
- 8:16Speaker 1: part time or like a hobby into just a major responsibility.
- 8:22Speaker 3: Pretty quickly. It was very interesting.
- 8:26Speaker 2: I think sometimes being naive is a good thing.
- 8:30Speaker 3: Like I really had no.
- 8:32Speaker 2: Idea what was cut out, but what would be asked
- 8:35Speaker 2: for me the following twelve to twenty four months of
- 8:37Speaker 2: how hard it would be to organize it behind the
- 8:40Speaker 2: scenes and get everything done and figure out how it
- 8:43Speaker 2: was going to pay for itself, and all of that
- 8:45Speaker 2: stuff was a little bit tougher than I thought. And
- 8:49Speaker 2: there definitely have been some times along the way where
- 8:52Speaker 2: it's like, oh my goodness, you know, playing the long
- 8:54Speaker 2: game here?
- 8:55Speaker 3: Is it worth it?
- 8:56Speaker 2: But it truly is been a passion project, something that
- 8:59Speaker 2: I believe.
- 9:00Speaker 3: Wrongly in and.
- 9:03Speaker 2: I just over the last twelve months have really taken
- 9:06Speaker 2: some other things off my plate and streamline focused. And
- 9:09Speaker 2: it's amazing what happens when you're able to put your
- 9:13Speaker 2: time and attention on something so multi You know, passion
- 9:16Speaker 2: is great, and running two to three businesses and they
- 9:19Speaker 2: can play into each other is great. But I just
- 9:22Speaker 2: caution everyone to be careful and make sure that you
- 9:24Speaker 2: prioritize and have a method behind your madness to make
- 9:27Speaker 2: sure that they all funnel into one another. Otherwise you're
- 9:30Speaker 2: just going to have a bunch of half results.
- 9:33Speaker 4: Yeah.
- 9:34Speaker 1: Yeah, it sounds like this was a long term You're
- 9:36Speaker 1: all in on it, even if it's slow grow.
- 9:39Speaker 4: You know, you had a purpose behind it.
- 9:41Speaker 1: You had the passion where you were going to show
- 9:43Speaker 1: up no matter how long it took. And I think
- 9:47Speaker 1: these days a lot of people have the attention span
- 9:50Speaker 1: that's just not quite at that point. They think that
- 9:52Speaker 1: it's going to happen quickly or it's not going to
- 9:54Speaker 1: happen at all. But when you keep showing up day
- 9:57Speaker 1: after day after day after day, those were olds compound
- 10:01Speaker 1: and then you look back and you're like, how did
- 10:02Speaker 1: we even get here? I've done so much in the
- 10:04Speaker 1: last ten years or you know, five years, whatever it
- 10:07Speaker 1: may be, for these long term goals.
- 10:09Speaker 2: Yes, Ny, people overestimate what they can do in a year.
- 10:12Speaker 2: I know you've heard this. They underestimate what can be
- 10:14Speaker 2: done in a decade. And I'm a living testament to
- 10:18Speaker 2: that with my real estate agent career, and I just
- 10:21Speaker 2: look back on a decade of real estate sales and
- 10:24Speaker 2: I just am so humbled by the amount of people
- 10:27Speaker 2: that I was able to serve and the production that
- 10:30Speaker 2: we were able to do. But it wasn't until like
- 10:32Speaker 2: year three that it really all gelled. And I just
- 10:37Speaker 2: heard that on a show this week. Actually, it's like
- 10:39Speaker 2: that year three things start gelling. And we're actually in
- 10:42Speaker 2: your three of the Idaho Real Estate Investor Network right now,
- 10:45Speaker 2: which is really encouraging because things just gel and you
- 10:48Speaker 2: get from you know, quote unquote the cold calling stage
- 10:51Speaker 2: to people coming to you if you're consistent and you're
- 10:55Speaker 2: adding value to people.
- 10:57Speaker 4: Yeah.
- 10:57Speaker 1: Yeah, And I think just knowing you and you know,
- 11:00Speaker 1: giving it everything you have and showing up for yourself
- 11:03Speaker 1: and for other people has led to connections that are
- 11:07Speaker 1: so much further than what you probably imagine, because there's
- 11:10Speaker 1: conversations that have had I mean, we had an event
- 11:13Speaker 1: last night we were at I had a conversation today
- 11:16Speaker 1: with someone you know, and you never know how many
- 11:18Speaker 1: of those are actually happening in different rooms. And so
- 11:22Speaker 1: you start with something that compounds over time and it
- 11:25Speaker 1: just grows and then before you know it, you go
- 11:27Speaker 1: from hoping, you know, hoping things are going to work out,
- 11:30Speaker 1: to their working out and you need to keep up.
- 11:33Speaker 2: Yeah, we're hiring vas right now to help with it.
- 11:36Speaker 3: And it's it's really exciting. I'd love to hear that.
- 11:39Speaker 2: And yeah, you the one of the selfishly like one
- 11:42Speaker 2: of the biggest things that I have gotten out of
- 11:44Speaker 2: this wasn't even an intent, but not only have I
- 11:50Speaker 2: met people that I've never would have met in this,
- 11:53Speaker 2: both of them this valley and nationally, but I have
- 11:55Speaker 2: learned so.
- 11:56Speaker 3: Much like I was.
- 11:57Speaker 2: I'm very genuine and I talk talk about if I'm
- 12:00Speaker 2: meeting with like a newer investor, they have things to
- 12:03Speaker 2: teach me. And I've learned about strategies and different wealth
- 12:08Speaker 2: building techniques that I never even knew were on my radar.
- 12:11Speaker 2: If I would have had what I built, if I
- 12:14Speaker 2: would have had the network when I was starting my
- 12:16Speaker 2: investing journey, I would have gone a lot further at
- 12:19Speaker 2: that time. But I didn't know some of the things
- 12:21Speaker 2: that were available to me.
- 12:24Speaker 1: Yeah, yeah, so's some of us are lucky that you
- 12:26Speaker 1: created this, you know, several years ago. Because of your work,
- 12:30Speaker 1: we're actually standing on the shoulder of a giant who
- 12:33Speaker 1: created this this pathway for us to pursue, and now
- 12:36Speaker 1: we just have to pursue it, and you know, just
- 12:38Speaker 1: keep doing what you created the frameworks, and so I
- 12:41Speaker 1: appreciate what you've done. And it's been great to meet
- 12:43Speaker 1: other investors and like minded people in the group. I
- 12:47Speaker 1: joined just a little over a year ago, and to
- 12:49Speaker 1: watch what's happened from the time I joined to even today,
- 12:53Speaker 1: it's really impressive to see the amount of people, the
- 12:56Speaker 1: commitment and the connections, and then also the money that's
- 12:59Speaker 1: moving because of the organization, and it's growing Idaho and
- 13:03Speaker 1: other places too. So with that you probably came a
- 13:08Speaker 1: lot of pressure at times, and I want to discuss that,
- 13:11Speaker 1: not too deep, but yeah, when did it get hard
- 13:14Speaker 1: or what were some of the you know, maybe the
- 13:17Speaker 1: challenges that you experienced along the way.
- 13:20Speaker 2: I think probably some of the hardest pieces of it,
- 13:23Speaker 2: whether it's Idaho, Rean or any kind of you know business,
- 13:27Speaker 2: When you're in a people business, it gets hard, and
- 13:30Speaker 2: you've got conflict in relationships, and sometimes the people that
- 13:35Speaker 2: are with you at the very beginning are not necessarily
- 13:38Speaker 2: the same people that are with you at the end.
- 13:41Speaker 2: But that's okay, because everybody serves a purpose and are
- 13:45Speaker 2: there for a reason in that season of your business journey.
- 13:49Speaker 3: You know.
- 13:50Speaker 2: And so I am I always say I'm a recovering
- 13:53Speaker 2: people pleaser, and when there has been conflict along the way,
- 13:57Speaker 2: that has been probably the toughest peace pieces of any
- 14:02Speaker 2: business that I've run along the way, because I love
- 14:04Speaker 2: people and I want them to love me back, and
- 14:06Speaker 2: I want.
- 14:06Speaker 3: It just to flow and be in harmony.
- 14:09Speaker 2: And it doesn't always work out that way, but there's
- 14:12Speaker 2: greater purpose in that. So definitely. I think that the
- 14:16Speaker 2: human part of it is, at least for me as
- 14:21Speaker 2: a soft soul kind of person, it's been the toughest.
- 14:24Speaker 3: Part along the journey.
- 14:25Speaker 2: But with that I have learned so much more and
- 14:29Speaker 2: I'm still learning about trusting what God's plan is for me,
- 14:34Speaker 2: for one thing, and my own intuition, my own gut
- 14:38Speaker 2: on where things need to head, and it hasn't steered
- 14:42Speaker 2: me wrong. It's when I get too involved with wondering
- 14:46Speaker 2: what everybody else thinks and get pulled into too many
- 14:49Speaker 2: other directions that I have found myself kind of off
- 14:53Speaker 2: the tracks.
- 14:54Speaker 4: Yeah.
- 14:55Speaker 1: Yeah, So that's I think understanding that it's not necessarily
- 14:59Speaker 1: where we think it's going. It's where the universe God,
- 15:04Speaker 1: you know, the venture itself needs to go, and our
- 15:08Speaker 1: openness to that route to enable it and get out
- 15:10Speaker 1: of our own way sometimes because for me, I've gotten
- 15:14Speaker 1: in my own head where I overcomplicate things from time
- 15:17Speaker 1: to time. I don't want to dissipate point people either,
- 15:20Speaker 1: and when conflict happens sometimes you have to and you
- 15:23Speaker 1: have to realize that's just part of the journey, that's
- 15:25Speaker 1: part of the path, and it's really the resilience factor
- 15:29Speaker 1: how you bounce back and how you take that next
- 15:31Speaker 1: step that really differentiates you from people to get stuck there.
- 15:35Speaker 1: And I wanted to ask you a little bit about
- 15:38Speaker 1: building multiple ventures at the same time, because for some people,
- 15:42Speaker 1: entrepreneurship is the most intimidating thing ever to start one business,
- 15:47Speaker 1: to take that risk is terrifying. But you've been able
- 15:51Speaker 1: to start multiple different organizations and businesses, and I want
- 15:55Speaker 1: to ask how you started that, like going from one
- 15:58Speaker 1: venture to two, or let's say, you know, starting the
- 16:01Speaker 1: podcast after you had the network started.
- 16:04Speaker 4: Let's talk about that.
- 16:05Speaker 2: Yeah, I think I think it can work well as
- 16:09Speaker 2: long as you have a synergy and that you're involved
- 16:12Speaker 2: and they all kind of feed into one another. And
- 16:15Speaker 2: what I've seen that doesn't work well, and I can
- 16:18Speaker 2: point to, like you know, I mentioned a restaurant or
- 16:20Speaker 2: something like that, When you're dealing with a couple of
- 16:22Speaker 2: different ventures that are completely apples and oranges and they
- 16:26Speaker 2: have no tie.
- 16:27Speaker 3: In together, I think that is really really tough.
- 16:30Speaker 2: To get traction and to be able to move faster
- 16:34Speaker 2: on that. And it's been there have been times when
- 16:37Speaker 2: I've definitely had too much going on at once. But
- 16:41Speaker 2: I think if you do again, just making sure they
- 16:43Speaker 2: feed into one another. And then one thing that's been
- 16:46Speaker 2: super helpful for me is time blocking and even designating
- 16:50Speaker 2: certain days to each thing that I'm working on, our
- 16:56Speaker 2: big rock that I'm trying to get done with, and
- 16:58Speaker 2: I've got it's gotten so that even I've streamlined personally
- 17:03Speaker 2: where I'm doing certain things, like every Monday Tuesday and
- 17:06Speaker 2: behind the scenes unless we have an event, but then
- 17:09Speaker 2: Wednesday Thursday, I'm out public facing and then Friday's more recovery,
- 17:13Speaker 2: you know. And they have to be like super vigilant
- 17:16Speaker 2: with your time, and I wasn't for a lot of years,
- 17:19Speaker 2: and it caused me unnecessary stress, I would say, because
- 17:24Speaker 2: I think there's something in your synapses when you're going
- 17:26Speaker 2: from this problem to this problem to that problem to
- 17:30Speaker 2: you know, this idea and it's all in there, and
- 17:34Speaker 2: again it's just hard to get that momentum going. So
- 17:37Speaker 2: you can definitely do it, but I would just caution
- 17:40Speaker 2: you to be careful in that respect. I listened once
- 17:44Speaker 2: I had a chance to have a talk with a
- 17:46Speaker 2: gentleman that was a very successful entrepreneur. He actually owned
- 17:50Speaker 2: price Line at the time. It was at a conference
- 17:53Speaker 2: and he's like, yes, you can have it all, because
- 17:55Speaker 2: he's own multiple businesses.
- 17:57Speaker 3: You can have it all.
- 17:58Speaker 2: You just can't necessarily have all at once that you
- 18:02Speaker 2: can build off on them. But you know, get one
- 18:05Speaker 2: going up and running and on the right tracks first
- 18:08Speaker 2: before you move on to the second one.
- 18:10Speaker 4: Yeah.
- 18:10Speaker 1: Yeah, I've I have a personal experience with that where
- 18:14Speaker 1: I'm still growing my two businesses. I have a property
- 18:17Speaker 1: management business and a real estate agency that I'm trying
- 18:20Speaker 1: to grow side by side. But if I didn't time block,
- 18:23Speaker 1: which is what I learned in previous professional careers and
- 18:27Speaker 1: other organizations even when I was much younger, I'm really
- 18:31Speaker 1: grateful that I have learned how to do that, because
- 18:33Speaker 1: I would be so scrambled and mixed minded about everything
- 18:37Speaker 1: because you have moving parts, so many moving parts with
- 18:40Speaker 1: multiple ventures, multiple businesses.
- 18:42Speaker 4: And I do the same thing. I time block.
- 18:45Speaker 1: I have certain times where I'm recording podcasts, and I
- 18:48Speaker 1: have certain times where I'm doing calling, and I have
- 18:50Speaker 1: certain times where I'm working on contracts in different times
- 18:52Speaker 1: where I'm showing houses, and so having that time blocked
- 18:56Speaker 1: and based on my priorities is it's it's a cheat code.
- 19:00Speaker 1: And I think that if you're not using your calendar
- 19:03Speaker 1: and you're not specifically allocating time of your day to
- 19:06Speaker 1: commit to those ventures, you're not able to go as
- 19:10Speaker 1: deep in them, and you're not going to understand what
- 19:12Speaker 1: your limitations are when you do get deep into them.
- 19:14Speaker 1: And so having a podcast and a real estate company
- 19:19Speaker 1: and a property management company that kind of feeds into
- 19:21Speaker 1: each other and we're talking about the same thing is
- 19:24Speaker 1: so much easier than having a podcast about sports, and
- 19:28Speaker 1: you know, it's.
- 19:29Speaker 4: Something totally different, that's a hobby.
- 19:31Speaker 1: Yeah, yeah, it's yeah, it's like a hobby, and it
- 19:33Speaker 1: doesn't there's not a lot of synergy there. And so
- 19:37Speaker 1: you know, going deeper is a huge part of it,
- 19:39Speaker 1: because what I've heard is that you commit too many
- 19:42Speaker 1: things with your time, you're going to be shallow on
- 19:45Speaker 1: every single one of those. And so becoming an expert
- 19:47Speaker 1: at one thing first, then committing to the next thing
- 19:50Speaker 1: and adding as you go one hundred percent agree that
- 19:54Speaker 1: you have to choose you know, how much time you're
- 19:56Speaker 1: willing to commit to build these and for you for
- 19:58Speaker 1: the long term mindset. For me, I have the same
- 20:00Speaker 1: mindset of long term. I think it doesn't matter how
- 20:03Speaker 1: long it takes. This is going to be my lifestyle.
- 20:06Speaker 1: This is going to be what I do for X
- 20:07Speaker 1: amount of time, no matter what. And so there's obviously
- 20:11Speaker 1: hard seasons that come with that. Life happened, personal things happen.
- 20:15Speaker 1: But just having that mental framework where you know that
- 20:19Speaker 1: you're showing up today one hundred percent for this or
- 20:21Speaker 1: one hundred percent for that instead of fifty percent on
- 20:24Speaker 1: each and you don't really get anywhere, it's been beneficial.
- 20:29Speaker 1: So I want to talk about these ventures that you've started.
- 20:33Speaker 1: I've met so many people through the Investor Network. I
- 20:36Speaker 1: went to the convention last year. The first one was great,
- 20:39Speaker 1: learned so much. But I also was starting in real
- 20:42Speaker 1: estate early twenty tens, and I started listening to the
- 20:45Speaker 1: Bigger Pockets podcast and I went to some conferences because
- 20:48Speaker 1: I was selling real estate software.
- 20:49Speaker 4: And met a lot of really great minded people.
- 20:53Speaker 1: And I think that's what sparked that in me, is
- 20:56Speaker 1: that I like connecting people, I like creating things, and
- 21:00Speaker 1: I love real estate and what it can bring and
- 21:02Speaker 1: do for you personally and financially. But with your adventures,
- 21:07Speaker 1: I've learned about you. Just in the last couple of years.
- 21:09Speaker 1: I was attracted to the idea, especially here in Idaho,
- 21:11Speaker 1: where there's really not I'm from Dallas Fort Worth.
- 21:15Speaker 4: They have one hundred conventions for real estate.
- 21:18Speaker 1: They have them every day, and so to have something
- 21:21Speaker 1: like that here, it just it stood out to me.
- 21:24Speaker 1: And so I want to talk to you a little
- 21:25Speaker 1: bit more about how the ventures have led to one another,
- 21:29Speaker 1: how they feed each other, the connection between the two,
- 21:32Speaker 1: the synergy, and how many doors that's been opening for
- 21:35Speaker 1: you because of that proximity.
- 21:37Speaker 3: That's a great question.
- 21:38Speaker 2: Well, I do think we have something special here in
- 21:41Speaker 2: Idaho because I too, I look at.
- 21:43Speaker 3: Other states and know all of the you.
- 21:45Speaker 2: Know, so many real estate meetups and conferences and all
- 21:49Speaker 2: the things, and we really were lacking that here. So
- 21:52Speaker 2: it's really cool to see it come that far. And
- 21:55Speaker 2: even though it is Idaho based. Personally, it has opened
- 21:59Speaker 2: up a lot of doors for me nationally.
- 22:01Speaker 3: And it can be down to, you know.
- 22:04Speaker 2: Getting a real estate referral and now I'm referring out
- 22:07Speaker 2: most my real estate business, but being able to place
- 22:10Speaker 2: that potential investor in the state of Idaho and wonderful
- 22:13Speaker 2: hands with a great agent here that certainly could be
- 22:17Speaker 2: a revenue source. We've got more and more national companies
- 22:20Speaker 2: looking at the state of Idaho and coming to me
- 22:22Speaker 2: asking how they can get involved and how they can participate,
- 22:25Speaker 2: and that there's just been a lot of opportunities that came.
- 22:30Speaker 2: My are coming like came, but now really starting to
- 22:34Speaker 2: roll in because of that, and also because of that,
- 22:37Speaker 2: we've got to have more discernment than ever on what's
- 22:39Speaker 2: a good opportunity and what's not. So it's it's a
- 22:43Speaker 2: little bit of a balancing act, but we're excited about
- 22:47Speaker 2: the eyes being here on Idaho.
- 22:49Speaker 1: Yeah, it's gotten a lot of attention the last few years.
- 22:52Speaker 1: Even my friends in other states are like, where did
- 22:55Speaker 1: Idaho come from? They're right hearing about Idaho on TV
- 22:59Speaker 1: and radio from people I know, and they're like, what's
- 23:02Speaker 1: going on there? And a lot of my friends didn't
- 23:04Speaker 1: quite understand why I moved to Idaho. I married someone
- 23:08Speaker 1: from here, which is the biggest reason I'm out here.
- 23:10Speaker 1: But when I came here, I was like, Okay, this
- 23:12Speaker 1: place is not what I thought it was. It's really great,
- 23:16Speaker 1: the community, the outdoors, the growth that it's seeing right now.
- 23:20Speaker 1: As still an emerging market, it's not even close to
- 23:23Speaker 1: where it's going. I think the surrounding states are starting
- 23:27Speaker 1: to recognize that too, because they're all moving here and
- 23:30Speaker 1: that brings opportunity, It brings more capital for investment.
- 23:35Speaker 4: The skyline of Idaho BOYC is going.
- 23:37Speaker 1: To change, and it's cool to meet the people that
- 23:40Speaker 1: are part of that and to be connecting and to
- 23:43Speaker 1: be engaging with them and to really kind of do
- 23:45Speaker 1: my part too. But I want to ask you, do
- 23:48Speaker 1: you think capital or community is more valuable?
- 23:53Speaker 3: H Well, I think personally community. I know capital, you know,
- 24:02Speaker 3: that's obviously money.
- 24:03Speaker 2: When you're talking about capital, like raising capital for real
- 24:06Speaker 2: estate investing, you get that usually through your network, which
- 24:09Speaker 2: is community, and you find the deals through your network,
- 24:13Speaker 2: and if you find the deal, the capital comes. The
- 24:15Speaker 2: money's there as long as there's great deals and the
- 24:18Speaker 2: money is there. One thing I'm finding we talk about
- 24:21Speaker 2: people like with their eyes on Idaho, when you have
- 24:24Speaker 2: a community, people want to get in front of that
- 24:26Speaker 2: community and they are willing to invest in what we're
- 24:31Speaker 2: doing in order to be able to do that. Now,
- 24:33Speaker 2: I am very very picky on who gets in front
- 24:35Speaker 2: of our community, as you know Canon, So I haven't
- 24:39Speaker 2: definitely have not taken advantage of that like I probably
- 24:42Speaker 2: could have. But it's because I'm wanting to always do
- 24:46Speaker 2: what's in the best interest of our community. But the
- 24:49Speaker 2: definitely my answer would be community. And that's just a
- 24:53Speaker 2: thread my whole life again with my first career being
- 24:55Speaker 2: an event planner and then a teacher. You know, I
- 24:58Speaker 2: love a good room full of great people that are
- 25:01Speaker 2: there to learn, and there's there's just a wonderful.
- 25:05Speaker 3: Feeling about it.
- 25:06Speaker 2: And there's a when you're with a community like an Idaho,
- 25:09Speaker 2: a rein or anything like that, a conference, an entrepreneurial conference,
- 25:12Speaker 2: there's something so special about people that are there by choice,
- 25:17Speaker 2: that are invested their own money to get there, and
- 25:20Speaker 2: they're wrapped in listening and paying attention. It's so different
- 25:24Speaker 2: than if you go to a conference where everyone is
- 25:27Speaker 2: an employee in their boss made them go right, yeah.
- 25:31Speaker 1: Yeah, that's so true, and I agree with you. I
- 25:32Speaker 1: think community offers so much more dimension. If you think
- 25:36Speaker 1: about capital, it's one dimensional. It's just money, So what
- 25:39Speaker 1: do you do with it? You know, it's like where's
- 25:41Speaker 1: the ideas, where's the connection, where's the people that are
- 25:43Speaker 1: going to make this idea happen? But the community, a
- 25:47Speaker 1: byproduct of that is the capital for sure and team
- 25:51Speaker 1: you know, creating teams and partnerships and joint ventures, and
- 25:55Speaker 1: the results are benefiting everyone that's involved, you know, in
- 25:59Speaker 1: that community than the one investor who happened to have
- 26:02Speaker 1: the money who put it in and then figure.
- 26:04Speaker 4: It out right. Well, that leads me to my next point.
- 26:09Speaker 1: As this organization grows, where do you see it going
- 26:14Speaker 1: and how are you systematically scaling it?
- 26:18Speaker 2: That has been an iterative process, as you can imagine, Cannon,
- 26:22Speaker 2: but I am really intent on building this out so
- 26:24Speaker 2: that it's something that is long.
- 26:26Speaker 3: Lasting, whether I am leading it or not.
- 26:29Speaker 2: I'm working to put systems in place so that someone
- 26:33Speaker 2: could effectively run this organization in the long term.
- 26:37Speaker 3: You know, I'm in a.
- 26:39Speaker 2: Position I recently really scaled down my real estate operations,
- 26:42Speaker 2: and I want to be able to eventually travel more
- 26:45Speaker 2: and have some options there. Although this is a huge
- 26:49Speaker 2: passion of mine, so I am scaling it in such
- 26:53Speaker 2: a way using systems so that the goal is for
- 26:57Speaker 2: it to maintain the long term. I know about other
- 26:59Speaker 2: real estate investing associations and other states that have been
- 27:02Speaker 2: around for forty years, so I think that's great. I
- 27:05Speaker 2: think we've come too far not to do that. And
- 27:10Speaker 2: the systematizing of it. It's been great. We actually have
- 27:12Speaker 2: a guy in our group, Max Ryk, who's with EOS,
- 27:15Speaker 2: So shout out to you, Max if you're listening. But
- 27:17Speaker 2: he was really helpful with me in the beginning and
- 27:19Speaker 2: helping us identify like what our care values are and
- 27:22Speaker 2: what we're going to tackle in order to grow this
- 27:24Speaker 2: and what stage we're.
- 27:26Speaker 3: Going to grow everything.
- 27:28Speaker 2: And you know, I'm still working that out quarter by
- 27:31Speaker 2: quarter right now, but I think that we've got something
- 27:34Speaker 2: great in place. We've tried a lot of things, and
- 27:37Speaker 2: there's always trial and error in a new business, but
- 27:41Speaker 2: we are getting something in place that is resonating with
- 27:44Speaker 2: the people. And I just thrilled to be along for
- 27:48Speaker 2: the ride because this is a bigger thing than me.
- 27:51Speaker 2: It doesn't always make it hasn't always made sense from
- 27:54Speaker 2: like a financial or a business perspective, but it's something
- 27:57Speaker 2: that I've been drawn to and I know that it's
- 27:59Speaker 2: here for a reason.
- 28:01Speaker 4: Yeah, yeah, that makes sense. Has there ever been a
- 28:03Speaker 4: time where you wanted to quit? Oh?
- 28:06Speaker 2: Yeah, I won't lie. Yeah, you know, it's again, there's
- 28:12Speaker 2: a lot of iterations of what we've we've come through and.
- 28:17Speaker 3: When I made it any business want to will relate
- 28:19Speaker 3: to this.
- 28:20Speaker 2: When you make a transition from one hundred percent free
- 28:23Speaker 2: ask you know, community or product or whatever anybody is selling.
- 28:28Speaker 2: When you go to something where you ask for a
- 28:30Speaker 2: small amount of money in exchange after being free, there's
- 28:36Speaker 2: there's always some resistance that happens. And that's that's kind
- 28:41Speaker 2: of what I'm talking about. Kind of at the beginning,
- 28:43Speaker 2: when you have seasons, people there in your life for
- 28:46Speaker 2: seasons and that sort of thing, and so it was
- 28:50Speaker 2: really confusing at the time kind of figuring out, Okay,
- 28:53Speaker 2: how are we going to do this. We have to
- 28:54Speaker 2: have some resources to cover some overhead to maintain a business,
- 29:01Speaker 2: even just to open the doors right for any event.
- 29:05Speaker 2: And so we've worked through all of that, but there
- 29:08Speaker 2: were some times where you know, when you're starting a business,
- 29:11Speaker 2: you're paying.
- 29:11Speaker 3: Out of pocket to run it.
- 29:12Speaker 2: It doesn't always feel fun.
- 29:15Speaker 4: It hurts.
- 29:17Speaker 1: Yeah, it's such a challenge, and I think that's one
- 29:20Speaker 1: of your strengths too, is being forward focusing and you know,
- 29:23Speaker 1: being a long term visionary. And I want to ask,
- 29:27Speaker 1: when you strip away the titles the organizations, you know,
- 29:30Speaker 1: being a founder, a connector, and a host, what mindset
- 29:34Speaker 1: has allowed you to sustain building at this level, Like,
- 29:37Speaker 1: what are the fundamental thought processes or the mindset that
- 29:40Speaker 1: you've taken to be open to even trying to do this.
- 29:46Speaker 4: Well.
- 29:46Speaker 2: I think the fact that it's fun for me is helpful.
- 29:51Speaker 2: And I run a couple of things, especially the last
- 29:53Speaker 2: couple of years, I run everything through a framework of one,
- 29:56Speaker 2: is it creating something that's has the ability to be
- 30:01Speaker 2: to bring revenue, you know, to be able to make
- 30:03Speaker 2: it fun and to grow. So there's that, and then
- 30:07Speaker 2: is it fun? Does it bring me joy? And so
- 30:10Speaker 2: if I'm running everything through that funnel in my mind
- 30:15Speaker 2: is really really helpful because there's a lot of things
- 30:18Speaker 2: that I experienced along the way that didn't do either,
- 30:20Speaker 2: you know, and I've slowly had to left them off
- 30:23Speaker 2: of out of my life and off my plate to
- 30:26Speaker 2: focus on things that are either revenue producing or bring
- 30:29Speaker 2: me joy and being in a community and bring doing
- 30:32Speaker 2: events obviously brings me joy. And so now it's just
- 30:36Speaker 2: a matter of like marrying the two and make sure
- 30:38Speaker 2: that it's sustainable long term. Pat Flynn is a famous
- 30:43Speaker 2: like influencer, podcaster, business owner, and he.
- 30:47Speaker 3: Has this phrase I love. He's like, what would it
- 30:49Speaker 3: look like if it was easy.
- 30:51Speaker 2: And so I've been utilizing that in my mind too, like,
- 30:54Speaker 2: just continue to simplify and simplify and simplify because the
- 30:57Speaker 2: complexity is what brings me down.
- 31:00Speaker 4: Yeah, I mentioned earlier. Yeah, I do the same thing.
- 31:03Speaker 1: Well, I'll overthink things and I'll overcomplicate it a little bit.
- 31:07Speaker 1: But what you just said just kind of struck a
- 31:10Speaker 1: chord with me. It's simplifying things and saying it in
- 31:14Speaker 1: another way. Does it make money and does it make
- 31:17Speaker 1: me happy?
- 31:17Speaker 3: Right? Yeah, exactly.
- 31:18Speaker 1: It's like the core fundamental part that keeps you from
- 31:22Speaker 1: burning out, It keeps you from hitting you know, rock
- 31:25Speaker 1: bottom and not being able to keep pursuing your passion.
- 31:27Speaker 1: Because if it's revenue potential, then you know, you could
- 31:31Speaker 1: size it, and that I think is something that everyone
- 31:35Speaker 1: can take, you know, is just to simplify things to
- 31:38Speaker 1: the core fundamentals of how you feel, you know, like
- 31:41Speaker 1: how you view it and is it going to keep
- 31:43Speaker 1: you going?
- 31:44Speaker 3: Thank you?
- 31:44Speaker 2: Yeah, And you can figure out something that makes you money.
- 31:46Speaker 2: But if it doesn't, if you hate it, if it's
- 31:48Speaker 2: not going to bring you any joy, it's not going
- 31:50Speaker 2: to last.
- 31:51Speaker 3: And people are going to see, right, through that.
- 31:53Speaker 4: Yeah, yeah, it's true. Or if it's just for.
- 31:55Speaker 3: Money, right, that's what I mean.
- 31:57Speaker 4: Yeah, exactly.
- 31:58Speaker 1: So if for the listeners on today, if someone's considering
- 32:03Speaker 1: building maybe multiple ventures or multiple organizations right now, but
- 32:08Speaker 1: they're afraid of that pressure, they're afraid of failure, what
- 32:11Speaker 1: advice would you share with.
- 32:12Speaker 2: Them, Well, one probably not to take themselves so seriously.
- 32:18Speaker 2: Being in real estate, we have saying with agents in
- 32:20Speaker 2: the room. We'd always say, you know, it's at the
- 32:22Speaker 2: end of the day, it's real estate. Nobody died, you know,
- 32:24Speaker 2: It's it's something that can come and go.
- 32:26Speaker 3: We're all going to fail.
- 32:28Speaker 2: The biggest you know, people that you see on stage,
- 32:31Speaker 2: they are getting paid to speak not because they were
- 32:33Speaker 2: great at everything, because they had a failure story and
- 32:36Speaker 2: they came back from it, and so just consider that
- 32:39Speaker 2: a badge of honor. You're going to fail at something probably,
- 32:43Speaker 2: so I would definitely say that. And the other thing
- 32:46Speaker 2: that has been resonating me is the idea that you
- 32:50Speaker 2: don't have to go all in forever, like you're going
- 32:53Speaker 2: to take a lot of consistency and thought process, and
- 32:56Speaker 2: there're going to be times for you feeling like you're
- 32:58Speaker 2: just so in the we and figuring things out. But
- 33:02Speaker 2: if you just like do some small bursts of momentum,
- 33:05Speaker 2: it's gonna do huge things for your business down the line.
- 33:08Speaker 2: But you don't have to like trud through all of
- 33:12Speaker 2: it for years and years. Some of my biggest results
- 33:15Speaker 2: in business and in real estate investie have come from
- 33:17Speaker 2: like ninety day bursts of momentum and focus, and then
- 33:21Speaker 2: you can let up the gas a little bit, evaluate
- 33:24Speaker 2: see how it's going, make little tweaks, but it's definitely
- 33:28Speaker 2: to succeed long term, you've got to take the ebbs
- 33:30Speaker 2: and flows and not be all in all the time.
- 33:35Speaker 4: Yeah, I agree.
- 33:35Speaker 1: Yeah, when you have that energy, capitalize on it right.
- 33:39Speaker 1: And there's gonna be fast times, there's gonna be slow times.
- 33:42Speaker 1: And for me, I know this is true because I
- 33:45Speaker 1: work long, long hours, usually almost every day, and then
- 33:48Speaker 1: I'll come into a week where I feel truly burnt
- 33:50Speaker 1: out and I'm just like, I'm not movated to do
- 33:53Speaker 1: anything right now, so I need to give back to
- 33:55Speaker 1: myself and recover so I can actually go back after it.
- 33:58Speaker 1: And probably personally I probably need to balance that a
- 34:00Speaker 1: little bit better. But I know when you're deep in
- 34:03Speaker 1: you have so much responsibility and people and activities.
- 34:07Speaker 4: Demanding your time one way or another.
- 34:09Speaker 1: So leaning into your strengths, leaning into your passions, leaning
- 34:13Speaker 1: into what makes you happy with your time can carry
- 34:15Speaker 1: you a little bit further than forcing things that just
- 34:18Speaker 1: shouldn't maybe be forced. And so I really appreciate you
- 34:22Speaker 1: sharing all of this insight. You know, I respect you
- 34:26Speaker 1: and what you've done with this community. I'm happy to
- 34:28Speaker 1: be part of it and being a connector I don't
- 34:31Speaker 1: think is accidental. It's who you are, and you're just
- 34:34Speaker 1: fulfilling your passion and what your highest use of time is.
- 34:38Speaker 4: So I wanted to say thanks again, well, thank.
- 34:41Speaker 2: You can and I just I love having you in
- 34:43Speaker 2: the community and it's just been such a pleasure getting
- 34:45Speaker 2: to know you this year, and what you're doing with
- 34:48Speaker 2: this podcast is going to impact lives and in life.
- 34:50Speaker 2: I know you are going places and excited to know you.
- 34:54Speaker 4: Well.
- 34:54Speaker 1: Thanks again, and thanks to our listeners for engaging with
- 34:57Speaker 1: another episode of Callous Mindset with Cannon Callus. I really
- 35:01Speaker 1: appreciate you listening. And if today's conversation led you to
- 35:05Speaker 1: some clarity, motivation, or a new way of thinking, share
- 35:08Speaker 1: it with someone you love. And trust, and a huge
- 35:11Speaker 1: thank you to Jonah Weber for bringing real insight, real experience,
- 35:15Speaker 1: real mindset today. If you want to know more about her,
- 35:18Speaker 1: go find her John O. Weber online. Check out the
- 35:21Speaker 1: Idaho Real Estate Investor Network, the Real Estate Investing for
- 35:24Speaker 1: Life podcast, and if you want more conversations like these
- 35:28Speaker 1: more tools for discipline and leadership, check out the Callous
- 35:31Speaker 1: Mindset on all platforms at Callous Mindset podcast on Instagram
- 35:37Speaker 1: and at Callus Mindset on YouTube. Keep building your mindset
- 35:40Speaker 1: that sets you apart. I'm Cannon Callus and we'll see
- 35:43Speaker 1: you next time.