The BetterLife Podcast: Episode #35 with Brody Fausett

Hosts: Brandon Turner and Cam Cathcart
Release Date: November 6, 2023

1. Introduction to Brody Fausett

In Episode #35 of The BetterLife Podcast, hosts Brandon Turner and Cam Cathcart welcome Brody Fausett, a highly successful real estate investor and founder of a real estate investing school. Brody shares his journey from a tumultuous childhood to becoming a millionaire before the age of 30 through strategic real estate investments.

2. Early Life and Challenges

Brody opens up about his early years, marked by frequent relocations and significant family losses. As the oldest of six children, and later nine after his parents adopted three more siblings following the tragic deaths of his aunt and uncle in separate car accidents, Brody learned leadership and resilience from a young age.

Brody Fausett [02:00]: "Growing up, being the oldest of nine kids meant I had to step up, babysit, and set an example for my younger siblings, whether I liked it or not."

These experiences instilled in him a strong work ethic and the belief that hard work could compensate for a lack of innate talent.

3. Entering Sales and Learning through Hardship

Brody's first foray into the professional world was through door-to-door sales, selling alarm systems. Despite the challenges and initial failures, this experience was pivotal in shaping his sales acumen and understanding the value of persistence.

Brody Fausett [10:05]: "Making more money in a summer than my professor did all year was a game changer. It taught me that going beyond hourly paid jobs could lead to financial freedom."

He recounts the emotional and financial hurdles he faced, including handling difficult tenants and managing sales teams, which ultimately reinforced his commitment to building a stable passive income through real estate.

4. Transition to Real Estate Investing

Brody's journey into real estate began with purchasing his first property near his college campus. Initially skeptical about leveraging and understanding mortgage mechanisms, he quickly realized the potential of passive income.

Brody Fausett [18:00]: "When my first property started cash flowing more than my job, that was my aha moment. I knew I wanted more of this income that didn't require me to trade my time for it."

This realization propelled him into real estate investing, where he employed strategies like house hacking, seller financing, and property flipping to build his portfolio.

5. Strategies for Building Wealth in Real Estate

Brody delves into effective real estate strategies for young investors aiming to achieve significant financial milestones quickly. He emphasizes the importance of:

• House Hacking: Living in one unit of a multi-unit property while renting out the others to generate income.

  Brody Fausett [23:00]: "House hack hopping allows you to scale your portfolio efficiently while continuously learning and adapting."

• Seller Financing: Negotiating deals where the seller finances the purchase, enabling lower down payments and better cash flow.

  Brody Fausett [26:00]: "Creating win-win scenarios in seller financing not only benefits me but also helps the seller manage their capital gains taxes effectively."

• Partnerships: Collaborating with others who complement his skill set, allowing for larger investments without over-leveraging personal funds.

These strategies, combined with a mindset focused on long-term passive income rather than short-term gains from flipping, have been instrumental in Brody's rapid wealth accumulation.

6. Personal Growth: Fitness and Discipline

Fitness plays a crucial role in Brody's life, contributing to his discipline, resilience, and overall performance in business.

Brody Fausett [62:00]: "How you feel is how you function. Staying in shape ensures I perform at my highest peak, whether it's in business or personal challenges."

Brody shares his experience running a 174-mile ultramarathon with his wife, highlighting how overcoming extreme physical challenges strengthens his mental fortitude and ability to handle business pressures.

7. Surviving the Maui Fires: A Personal Account

A significant and harrowing part of Brody's story involves his firsthand experience during the devastating fires in Lahaina, Maui. Living directly in the affected area, Brody and his wife played active roles in relief efforts, showcasing true leadership and community spirit.

Brody Fausett [75:28]: "During the fires, my wife stepped up as the head of distribution, organizing resources and ensuring that those in need received help. It was a test of our resilience and commitment to our community."

He recounts the chaos, the lack of communication, and the emotional toll the fires took, but also the strength and solidarity he witnessed and contributed to during this crisis.

8. Inspirations and Influences

Brody attributes much of his success to the mentors and books that influenced his mindset and strategies.

• Books:
  • Millionaire Success Habits by Dean Graziosi
  • 10x is Easier Than 2x by Benjamin Hardy

Brody Fausett [94:54]: "Millionaire Success Habits taught me the importance of mindset and disciplined action, which are crucial for building a substantial real estate portfolio."

• Mentors:
  • Early sales leaders who emphasized goal-setting and investing in oneself.
  • Influential figures in real estate who provided strategic insights and partnership opportunities.

These resources have been foundational in shaping Brody's approach to business and personal development.

9. Brody’s Legacy and Future Goals

Brody envisions his legacy as one rooted in hard work, faith, and the ability to inspire others to achieve their dreams faster and bigger than they thought possible.

Brody Fausett [101:57]: "I want to live to inspire people to dream bigger, faster. Helping others realize that their goals are attainable through the right mindset and strategies is what drives me."

He aims to continue expanding his real estate ventures, fostering supportive communities, and empowering others through education and mentorship.

10. Notable Quotes

• Brody Fausett [00:02]: "I want to be the one that's in control. If you're always waiting for that external circumstance to dictate how you feel and what you do, you're never in the driver's seat of your life."

• Brody Fausett [12:18]: "The secret to success in door-to-door sales? Mimic the top performers. If it worked for them, it'll work for you."

• Brody Fausett [25:05]: "Schedule your wellness days. They aren't selfish; they're essential for re-energizing and maintaining peak performance."

• Brody Fausett [46:14]: "Passive income offers lifestyle freedom. It allows you to make decisions based on desire, not necessity."

• Brody Fausett [88:11]: "Be bold in creating your title and your role. Don't wait for someone else to define it for you."

Conclusion

Brody Fausett's episode on The BetterLife Podcast is a testament to resilience, strategic thinking, and the relentless pursuit of a better life through real estate investing. From overcoming personal tragedies and mastering sales to building a lucrative real estate portfolio and leading community relief efforts, Brody embodies the principles of hard work, discipline, and leadership. His insights and experiences provide valuable lessons for anyone looking to enhance their financial independence and live a fulfilling life without compromising their values.

Connect with Brody Fausett:
Website: realestateinvestingschool.com
Instagram: @brodyfausett
YouTube: Real Estate Investing School

Note: This summary omits advertisements, intros, outros, and non-content sections to focus solely on the valuable insights shared during the episode.