What Training for a World Record Taught Me About Real Estate Investing

What Training for a World Record Taught Me About Real Estate Investing

3 min read
Sterling White

Sterling White is a multifamily investor, specializing in value-add apartments in Indianapolis and other Midwestern markets. With just under a decade of experience in the real estate industry, Sterling was involved with the management of over $10MM in capital, which is deployed across a $18.9MM real estate portfolio made up of multifamily apartments. Through the company he founded, Sonder Investment Group, he owns just under 400 units.

Experience
Sterling is a seasoned real estate investor, philanthropist, speaker, host, mentor, and former world record attemptee, who was born and raised in Indianapolis. He is the author of the renowned book From Zero to 400 Units and the host of a phenomenal podcast, which hit the No. 1 spot on The Real Estate Experience Podcast‘s list of best shows in the investing category.

Living and breathing real estate since 2009, Sterling currently owns multiple businesses related to real estate, including Sterling White Enterprises, Sonder Investment Group, and other investment partnerships. Throughout the span of a decade, he has contributed to helping others become successful in the real estate industry. In addition, he has been directly involved with both buying and selling over 100 single family homes.

Sterling’s primary specialities include sales, marketing, crowdfunding, buy and hold investing, investment properties, and many more.

He was featured on the BiggerPockets Podcast episode #308 and has been contributing content to BiggerPockets since 2014, with over 200 posts on topics ranging from single family investing and apartment investing to mindset and scaling a business online. He has been featured on multiple other podcasts, too.

When he isn’t immersed in the real world, Sterling likes reading motivational books, including Maverick Mindset by Doug Hall, As a Man Thinketh by James Allen, and Sell or Be Sold by Grant Cardone.

As a thrill-seeker with an evident fear of heights, he somehow managed to jump off of a 65-foot cliff into deep water without flinching. (Okay, maybe a little bit…) Sterling is also an avid kale-eating traveller, but nothing is more important to him than family. His unusual habit is bird-watching, which he discovered he truly enjoyed during an Ornithology class from his college days.

Education
Sterling attended the University of Indianapolis.

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On April 26th, 2014 I took on the world record for Fastest Mile Fireman’s Carry, in tandem with raising funds for cancer research. The whole experience taught me a lot about training, dedication, and taking on your goals, and it has certainly helped maintain a successful perspective and game plan when it comes to growing as an investor in this industry.

Here are the takeaways.

Improve Endurance

Running for a mile with a barbell on your shoulders — or carrying someone else through hazardous conditions to safety — requires physical and mental endurance. That’s true of protecting others who invest alongside you in real estate investing, too. Everything we do impacts others, and remembering that helps fuel the mission, keep you going and training hard, and make the best possible moves, even when it isn’t easy. But it is well worth it.

take-action

Related: What Being a CPA Has Taught Me About Becoming a Millionaire

It is important to remember that real estate is a long game. What’s the use in being a one deal, or one season, wonder? Every individual deal isn’t going to be a record breaker you can retire on, but consistent positive action can help you achieve big goals.

Push Through Adversity

Any time you try something new or try to advance forward, especially where few have gone before, you’ll face adversity. You’ll battle doubt, physical and mental challenges, and have to carve out a path. With some real estate investing models, that is essentially done for you by others already, but it still requires a leap and taking action.

Sometimes there are what appear to be big setbacks and disappointments, such as when a tenant is late on rent or a deal falls apart. In training for the fireman carry world record, I suffered a bad injury at the start of the endeavor. I could have given up and used it as an excuse not to try. I couldn’t do that. Sometimes you may have to pause for a moment and pivot in your strategy, but never quit.

Leverage Experts

There are no Olympic level athletes who have gotten where they are without great coaches, mentors, and strategic tactics. To get from being in good shape to elite shape, and specifically being able to take on the task at hand, it took hacking the right training and tactics. I looked to expert CrossFit coaches to aid me in training the right muscles, pushing me to take the right daily actions, avoiding more injuries, and perfecting technique. I’ve applied similar tactics to real estate. Why try to reinvent the wheel when the code to success is there to hack? Leverage experts and get to the gold faster and smarter.

Take it One Step at a Time

If you’ve ever experienced any type of endurance event or even a challenging life event, you already know that at some point you just have to focus on taking that next small step. Keep your eyes on the finish line and big vision, but don’t sweat the next 100 or 1,000 steps. The journey of a thousand miles starts with just one step. Just take one small step in the right direction at a time, and you’ll get there.

small-actions-success

Related: The Surprising Lesson a Six-Figure Salary in My 20s Taught Me About Wealth

Summary

Fortunately “winning” at real estate investing to create a stable and exciting future isn’t as difficult as breaking a world record. That doesn’t mean there isn’t a good amount to learn, or that there won’t be bumps in the road, or that everything will be handed to you on a platter without having to take a step. But by leveraging experienced experts, adopting a positive mindset, and making those first steps, an abundant financial future and enriched life can be achieved a lot sooner than most believe. That’s every bit as rewarding as setting a world record.

Have you ever trained for something? What did it teach you about other aspects of your life?

Leave me a comment below!