How this Canadian Wholesaler Changed his Business and Mindset to Go Virtual

Meet Ben Humble

Thinking about a career in real estate wholesaling or make your business go virtual, or maybe both?

Canada’s top wholesaler joins the show to share how his businesses grew during the pandemic and mindset shifts to get you ready for 2022.

Episode Outline

0:00 Intro on Ben Humble

He was born in Romania and his family escaped as refugees to Canada when he was four being the youngest of nine kids at the time.

Ben learned from his father the world is so much larger than your immediate environment, which has served Ben well.

He was told by a teacher at an early age that he was lazy and realized he didn’t have a work ethic developed. He decided to drop out of school and become a cleaner with his parents who were janitors. Ben would practice the piano and clean to make money which was his first introduction into business. This led him down the path of finding better opportunities for himself.

When your mind is open your reticular activating system starts looking for more opportunities.

He bought his first property at age 21 and he’s bought 300 more since then, he has a lending business and an amazing mastermind community. The Pandemic has created an interesting opportunity for him as he’s moved all of his businesses to permanently virtual.

6:45 Moving operations to go virtual during the pandemic

I don’t believe change happens until there is a struggle…then ask yourself is there juice worth the squeeze?

Canada is usually 10-15 years behind the United States in trends, like wholesaling for example.

Ben came to the United States a while ago to learn wholesaling….brought it to Canada, and had free range as pretty much the only wholesaler for a year and a half. Ben was already flipping houses at this point and was running out of inventory, he needed more property and more flow for his own flipping business.

There was a need to digitize the process….we were bitcoin before bitcoin!

11:00

When there is pressure and constraint, there is opportunity.

Most people that want to buy real estate in Canada approach it with a consumer mindset. The investors do not play by the same rules or have the same mindset

If you’re going to traditional funding sources like banks, you’re already losing because they weren’t designed to be leveraged.

Ben bought 300 properties with other people’s money while most people bought 2-3 properties with traditional financing.

20:00 Bens program to help families buy homes

Some families have generated $200k in equity over three years just from the market in Canada

Ben is a huge proponent of when you get into Real Estate going all in.

If you’re going to be in business, make sure the actual growth and gain is realized that you have a big enough boat in the water

You can’t play small or think small.

24:00

Ben has spent over $300k on personal development
Ben talks about how he is strategy agnostic, and how there is too much focus on strategy
You have to apply specific outcomes
You have to hire a mentor that is looking to do exactly what you are looking to do

31:30 Motivation and Focus

Delayed gratification. Train the conviction back into your body by doing the hard things.

People stay motivated when they’re winning. Start getting motivation through small consistent wins!

Conquer the basics.

44:00 75 Hard

Being the Hero in your own Journey. Your story is the most powerful asset that you have.

I look at my life like a movie

47:20

Ben’s 4 parts to success

Ambition
Humility
Proximity
Commitment to a dedicated plan

50:30 Cashflow Tribe and the Future

Wrap up