Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!
Herewith tips and insight, is Rich Hinson, Investor
Q: Who was your first business mentor?
A: My dad, Mike Hinson.
Q: Who was your first mentor in real estate?
A: Scott Woodhams
Q: What is your favorite book?
A: The Walking Drum by Louis L’Amour and Atlas Shrugged by Ann Rand
Q: What is the best lesson you have learned in real estate?
A: Buy one at a time and get it working. Don’t do a subject-to sandwiched with a lease-to-own. Real estate is supposed to be boring.
Q: How many properties do you own?
A: Not enough.
Q: When did you start investing?
A: Real estate: 2008. Stocks, MF, etc.: 1995
Q: Why do you Invest?
A: To spend more time with my family.
Q: What is the best advice you have received?
A: This week: “You Harvard-types need to stop worrying about the numbers and focus on helping people.”- Don Morant.
Q: Do you have a favorite podcast?
A: Really, it’s YouTube for me. I’m not plugged into podcasts. Some of my current favorites: Joe Rogan Experience, Jordan Peterson, John Wineland, and David Deida and Before the Train Wreck with Richard Cooper
Q: Any hobbies?
A: Riding motorcycles, skiing, shooting sports, and working on my property.
Q: What is the best advice you could give someone else?
A: Don’t over think and over plan. Get your first deal and everything else will fall into place.
Q: Is there a place for you where time slows down?
A: At a nice cabin by a lake, or an outdoor cafe drinking coffee while reading a book.
Q: If you were a member of a music group, it would be _________?
A: Led Zeppelin
Q: I was introduced to Auben ______.
A: In August 2009. I cold-called an Auben Homes advertisement in the Iwanta, and talked to Tyson about local REIAs in the area.
Q: If you weren’t investing in real estate you would be_______.
A: investing in businesses
Q: If you were to start over_______.
A: I have started over a few times, and it keeps getting better each time I do. Don’t be afraid to walk way from something that’s good enough for something great.