Another year has just entered and we are thrilled to start it with a big-time podcast guest! Are you someone who is studying and doing real estate at the same time? Are you feeling torn over which to focus on first or doubting if you can do them both? Today’s podcast guest knows exactly how that feels, since she found herself in that situation when she was young.
Rashauna Scott, who grew up with six siblings and being the youngest girl, grew to be an ambitious woman who was able to know what she wanted at a young age. She became interested with money-generating things which fueled up her thirst with investing as she became an adult.
But she was having second thoughts about what she was doing. In fact, she wasn’t sure whether she should continue being an entrepreneur or just give it all up. Good thing she had good people around her who pushed her to continue her career as a real estate investor! Now she’s on the podcast to share her story with high hopes that we learn from it as well.
Let’s all sit back and listen to her story of success as we also look back and think deeply about the things we are most probably doing wrong, especially if we are on the same journey she’s been through.
Here’s what you missed:
- Transitioning from one career to another
- Choosing your kind of investor
- Working for what you want
- Remembering the people who helped you get to where you are today
- Not letting failures get in your way
- Getting deals first instead of capital
Rashauna Scott: How To Raise Private Capital?
(0:59) Talks about making sure you know where you’re headed
(2:31) Getting her first leasing license
(3:54) Shares about the hardships she experienced as an agent and a student at the same time
(5:26) Relates her transition from working as an entrepreneur to working a 9-5 job
(18:35) Rashauna talks about her childhood
(31:20) Talks about her failures and how she learned from it
(38:00) She talks about being disheartened and thinking of giving up
(43:10) Talks about the importance of having a partnership
(44:59) Steps on how to raise private or capital for real estate investing deals
(56:46) Talks about how to handle business credits
Quotes/Advices:
(13:30) It’s never about what you know, but it’s about who you know, and more importantly, it’s about who knows you.
(22:29) I had this tiny little fire— not even a fire, it was a spark—that was lit inside of me. I knew I wanted to be successful but I didn’t know how. I had no idea on how I was going to get there.
(24:26) Because what I learned was that people can only take you so far, as far as they are.
(26:13) In order to be successful, don’t have a lot of debt and have a good credit.
(28:57) The biggest cost that we can incur is the cost of a missed opportunity.
(31:46) The challenges were definitely trusting people, trying to find out the difference between just who to work with and who not to work with.
(35:40) That manipulation factor because people will try to test you and see how hard you’re willing to go for yourself and how serious you are.
(38:12) This is me utilizing my gifts.
(40:05) Knowing my worth and realizing that and truly understanding that took some time
(41:34) A smart person learns from their own mistakes, but a wise person learns from the mistakes of others.
(43:15) You should definitely partner, because again, that was my very, very first deal.
(47:52) Allow your investors the opportunity to be involved in your projects. Ask questions that will make them feel like they’re included.
(1:05:16) You don’t have to know it all.
Books mentioned:
Rich Dad, Poor Dad
Links:
Rashauna Scott Facebook: https://www.facebook.com/RashaunaScottRealEstate/
Rashauna Scott Instagram: https://www.instagram.com/rashaunascott/
Rashauna Scott Twitter: https://twitter.com/RashaunaScott
Rashauna Scott Gmail: [email protected]