Mar 19, 2024
Patrick Precourt is a real estate investor, educator, and the founder of Elite Edge Experience, a program focused on helping men change the trajectory of their lives through mindset work and personal development. He is an influential name in the real estate space and today, he is on the show to help us better understand the importance of your mindset in achieving success.
Watch now to learn more about Patrick, the reality about motivation, and how you can develop a mindset that will help you achieve success!
Key Talking Points of the Episode
00:00 Introduction
01:13 How did Patrick’s family’s business influence his interest in real estate?
02:43 What drove Patrick to pursue becoming an educator?
04:23 What are the factors that are holding people back from achieving success?
07:47 How did Patrick find success in short sales?
10:26 What is the difference between a short sale and a foreclosure?
14:01 How does Patrick help people understand the concept of motivation better?
16:10 How did Patrick develop his current mindset?
22:19 How can you decide when it’s time to start building a team?
25:50 What was the turning point that made Patrick decide to focus on education?
29:57 How important is it to have a passion outside of business?
34:45 What is the importance of emotional intelligence in real estate investing?
40:30 How did Patrick’s emotions lead him to running his own gym?
46:06 What lessons did Patrick learn from getting into martial arts?
48:46 How can you overcome your doubts about real estate?
51:54 What should real estate investors focus on today?
53:39 How can you connect with Patrick?
Quotables
“Fundamentally, mindset’s a lag indicator of your belief system. So if you believe you can or you believe you can’t, just like Henry Ford said, you are correct.”
“The key here is to break ourselves from the belief that we need to be motivated and appreciate that your success is not based on your level of motivation – your success is based on your willingness and commitment to do the work every single day, whether you like it or not.”
“When you are confronted with your truth, great clarity is brought upon the moment – and that’s the beauty of an epiphany.”
Links
Website: Patrick Precourt
https://www.patrickprecourt.com
Instagram: Patrick Precourt
https://www.instagram.com/patrickprecourt/
Website: RCN Capital
https://www.rcncapital.com/podcast
Instagram: RCN Capital
https://www.instagram.com/rcn_capital/
Website: REI INK