Find Your Passion And Focus Your Energy On Mastering That Talent-with Andrew Abernathey-EP 147

On this episode of the Lab Coat Agents Podcast, Jeff talks to Andrew Abernathey. He is 27 years old and has been in Real Estate since the ripe age of 13. He has grown his business and asset worth to over $100 million, all of which is through real estate endeavors. Simply asking can open doors. Tune in for his fascinating story.   Episode Highlights: Andrew tells the listeners what he has built, and how he built it. He tells his story, where he came from, and what led him to where he is today. Andrew was into farming. He started knocking on doors and raised $10 million in 11 months because farming was good, and nobody was targeting North Dakota.  What is the legal way to go about setting up a holding company? Jeff asks, is there anything valuable to know so that we can know how to do the same?  Jeff says, “Real Estate will be a booming industry; Are you just afraid of the details or the little bit of added risk, so you are taking the easy street?” Andrew owns the construction company, a garage door dealership, an equipment dealership, and then they are also going to add some other vertical integration pieces. It takes 12 months usually to get a lot from purchase to construction, and then it goes to the raw construction group, and then they take about ten months to build it, and then it goes to extra space. Jeff asks, “At what point do you stop going out and asking for money and just using your own, or does that never stop?” Jeff asks, what advice would you give to get your child out of a usual mindset and into a perspective more like yours?  The youth of America tend to spend more time trying to chase influence and chase YouTube stardom, Tik Tok stardom, and things like that, says Jeff. The sooner you quit lying to yourself in life, the better off you’re going to be. Find your passion, try a bunch of things, fail a bunch, and then when you find your passion, stick to it and don’t care about what anybody thinks, says Andrew.  3 Key Points: Andrew says that they bought a publicly-traded insurance company in Alabama, but they had to go in and get an exemption from the insurance state commissioner because they must be 30 years or older to be on a public company board.  The first thing in any business that you need to focus on is- what are your efficiencies? Every real estate class is different, but there are mindless efficiency and amounts, says Andrew. Income does not tell your net worth or how you live. It describes how much you must work with living and doing your life. Resources Mentioned: Lab Coat Agents | Website | Facebook | Facebook Group | Twitter | Instagram  Jeff Pfitzer   | Instagram | LinkedIn | Twitter Andrew Abernathey  http://www.andrewabernathey.com/ | https://abernatheyholdingco.com/ Follow Up Boss (sponsor) Chime (sponsor)