#127 - Austin Schmidt: “Turning Pro” as a Real Estate Developer
Enter the Lionheart
Lawrence Dunning
5 • 1.2K Ratings
🗓️ 28 February 2024
⏱️ 110 minutes
🧾️ Download transcript
Summary
Austin Schmidt is Colorado based developer who brings 15 years of experience in real estate. He has done traditional rehabs, flips, wholesaling, and massive multi family new construction. Austin left his secure job as an engineer at Dupont to go all in on real estate and brings a very professional approach to entrepreneurship, combining the discipline from corporate America with the mindset of an athlete from his years as a soccer player.
Learn more about Austin at: https://lux-builders.com/
1.00: Austin’s start in the real estate and the Denver Market back in 2007/8
7.00: Leaving the Corporate World to go into Real Estate Full time
13.15: Athlete mentality in Real Estate
21.15: Going all in in Fix N Flip and how to manage a project
28.30: Wholesaling to enter into the business as the investor
44.30: Working with multiple investors; communication, transparency, and personal guarantees
1.04.00: Details on scaling businesses and expanding teams
1.11:00: Working with teams, and leading from the front
1.20.45: Problems in real estate with higher rates
1.32.00: Work with parenting; importance of prioritizing kids
1.46.00: Connecting with your significant other
Until next time, love and good vibes.
Podcast Website: https://enterthelionheart.com/
Check out the latest episode here:
Apple Podcast: https://podcasts.apple.com/us/podcast/enter-the-lionheart/id1554904704
Spotify: https://open.spotify.com/show/4tD7VvMUvnOgChoNYShbcI
Transcript
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| 0:00.0 | The A single theme is too narrow for great minds and daring hearts. |
| 0:18.0 | Get ready to enter the Lion Heart with your host Lauren Stunning. |
| 0:22.0 | Hello and welcome back to another episode of Enter Lionheart. |
| 0:26.0 | Today I'll be talking to Austin Schmidt from Lux Builders. |
| 0:30.0 | As you'll see, Austin is the ultimate professional. Hence the title of this episode is |
| 0:35.9 | Turning Pro, which is the name of one of my favorite books by Stephen Pressfield. |
| 0:41.6 | So many people leave the corporate world to become entrepreneurs and they lose the discipline and the structure that Corporate America provides. |
| 0:50.0 | Austin is this great example that if we keep that corporate mentality |
| 0:54.2 | would have incredible success as an entrepreneur. |
| 0:58.0 | If you haven't done so already, please hit the like, share and |
| 1:00.8 | subscribe buttons and leave a review wherever you listen to your |
| 1:03.8 | podcasts as it really helps to expand the tribe and grow the show. I hope that you |
| 1:09.6 | enjoy my conversation with Austin and if you're looking to do great things it's time for you to |
| 1:14.9 | turn pro. |
| 1:15.9 | Good to see you brother. |
| 1:19.1 | You too man. |
| 1:20.3 | So Austin you're doing some awesome things in Denver. |
| 1:23.0 | Can we talk a little bit about what you're doing |
| 1:25.2 | and how the market is in Denver? |
| 1:26.8 | Because I'm, everyone asked me about different states, |
| 1:29.5 | and I'm always like, listen, I can tell you about the Midwest, |
| 1:31.6 | I can tell you about Illinois, I can tell you about Illinois I can tell you about Indiana but when it comes to other states I don't know too much you know I stay in my lane so what's it like what's it been like the Denver market? |
... |
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