CFD 409 - Investing Like The 1%
After managing 400+ units and helping STR hosts in 17 countries achieve $800+ monthly net income per bedroom, I'm sharing my best strategies - free.
Every Monday and Thursday, you'll get:
✓ One actionable STR automation strategy
✓ Data-driven market insights that matter
✓ Implementation frameworks that work
✓ Real case studies from our 20,000+ community
No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).
These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly
👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome
Now, let's dive into today's episode...
This episode shows you how to duplicate the results of some of the most successful entrepreneurs in the world and invest life the top 1%.
Scott Picken is a South African-born real estate investor and entrepreneur. He is the co-founder of Wealth Migrate, a fintech company that offers real estate investments on its online marketplace through crowdfunding. He began offering real estate investment solutions at the age of 26 when he founded International Property Solutions.
The Huffington Post named Wealth Migrate as one of the top 60 real estate crowdfunding solutions in the United States in 2014.
Podcast Highlights
- Who is Scott Picken?
Scott Picken has always loved building things. Scott built an extension onto his family’s house at the age of 13. This lead to his passion for building businesses and technology.
- Building Something Tangible Versus Something Intangible
If you want to be successful, do what successful people do.
The amount of money you can make in the business world is proportional to the amount of value you can add.
- How Did You Go From 13 Year Old To Wealth Migrate?
After missing out on a major opportunity during the 2008 crisis, Scott decided to build a platform that allowed people to access the capital that the institutions could as well as the knowledge and expertise to invest globally.
- Using The Wealth Migrate Platform
No matter what happens to business and technology, the fundamentals never change.
- What Are The Top 3 Mistakes That You’ve Made?
Systems unlock the potential for your business.
The people you know and like don’t always make good team members, it can make having difficult conversations even harder.
- Scott’s Takeaway
Nobody learned how to swim by reading a book, at some point you have to jump in the water.
What doesn’t kill you makes you stronger, it’s not a case of if, it’s a case of when you will make mistakes. The important trait to have is persistence.
Links:
https://www.wealthmigrate.com/
https://en.wikipedia.org/wiki/Scott_Picken
Thank you for listening! If you enjoyed this podcast, please subscribe to the show on iTunes!
Dear Future Top Performer,
Are you tired of working harder instead of smarter in your STR business? Here's a wake-up call: The most successful hosts aren't grinding 24/7 – they're leveraging a proven formula that transforms average properties into profit powerhouses.
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There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP
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