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#006 - Mind Over Market | Flipping Fearlessly - Ethan Montang
Manage episode 463250538 series 3610019
The Hidden Hustle: #006 - Mind Over Market | Flipping Fearlessly - Ethan Montang
In this insightful discussion, Ethan Montang Real Estate investor dives into his entrepreneurial journey and social media influence. Ethan shares his latest venture of managing a bar, highlighting his reliance on a strong team for success. He shares his background, moving from Iowa when he was five, to Germany through high school, and then back to the U.S., explaining how his diverse experiences shaped his approach life and business. Ethan describes his early struggles and successes in flipping houses and acquiring rental units, emphasizing the importance of market knowledge and effective cost-analysis. He discusses financing strategies, the nuances of property management systems like AppFolio, and the necessity of hiring skilled individuals for scaling operations. With Ethanβs large following, he offers insights into using TikTok for business growth, advocating for creating authentic content and ignoring negative comments. He stresses the significance of mentors and continuous learning, illustrating how networking at conferences and aligning oneself with industry experts can propel growth. Ethan's mindset, driven by overcoming fear and learning from failures, is encapsulated in his favorite quotes, 'Live in the light or die in the dark' and 'Life consists not in holding good cards, but in playing those you hold well.' He emphasizes the importance of staying level-headed and continually expanding one's comfort zone through knowledge and experience.
How to connect with Ethan:
- Facebook: https://www.facebook.com/ethan.montang
- Instagram: https://www.instagram.com/ethanmontang/
Episode Chapters:
00:00 Introduction to Ethan Monte
01:08 Ethan's Latest Venture: Taking Over a Bar
02:10 Ethan's Background and Early Life
03:18 College Years and Early Real Estate Ventures
05:17 First Flip and Lessons Learned
06:55 Strategies for Identifying Undervalued Properties
10:20 Financing and House Hacking
11:55 The Importance of Contractors and Numbers
15:17 Challenges in House Flipping
20:32 Managing Rental Units and Passive Income
25:11 Tenant Relationships and Property Management
26:04 Handling Tenant Issues
27:12 What Makes a Property Appealing
28:49 Mentorship in Real Estate
33:51 TikTok Success Story
43:53 Balancing Business and Personal Life
45:46 Future Goals and Advice
52:15 Conclusion and Final Thoughts
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π Want to be featured on the podcast or level up your business? Get In Touch ππΌ
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π Facebook: https://www.facebook.com/profile.php?id=61566839788273
πΈ Instagram: https://www.instagram.com/parkes.wilterdink/
ποΈ The Hidden Hustle Website: https://www.thehiddenhustle.com/
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π’ Like & Subscribe if you enjoyed this episode and want more insider business stories! π‘π₯
Chapters
1. Intro (00:00:00)
2. Taking Over a Bar (00:01:08)
3. Ethan's Background and Early Life (00:02:10)
4. College Years and Early Real Estate Ventures (00:03:18)
5. First Flip and Lessons Learned (00:05:17)
6. Strategies for Identifying Undervalued Properties (00:06:55)
7. Financing and House Hacking (00:10:20)
8. The Importance of Contractors and Numbers (00:11:55)
9. Challenges in House Flipping (00:15:17)
10. Managing Rental Units and Passive Income (00:20:32)
11. Tenant Relationships and Property Management (00:25:11)
12. Handling Tenant Issues (00:26:04)
13. What Makes a Property Appealing (00:27:12)
14. Mentorship in Real Estate (00:28:49)
15. TikTok Success Story (00:33:51)
16. Balancing Business and Personal Life (00:43:53)
17. Future Goals and Advice (00:45:46)
18. Conclusion and Final Thoughts (00:52:15)
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