Ed Mylett knows the housing market. He’s participated in real estate investing for decades and has become wildly successful thanks to his tenacity, relationship-building skills, and creativity when getting deals done. But, funnily enough, Ed Mylett isn’t most well known for his real estate investor prowess—he’s known for his mindset-shifting, world-changing ideas when it comes to personal development, discipline, and entrepreneurship.
In Ed’s newest book, The Power of One More, he talks about the small tweak that anyone can make to become many multiples more successful. In essence, every extra push-up, cold call, and hug to your spouse or child is the exact thing that puts you above the rest. It’s not about putting in the effort, it’s about putting in more effort than the average person would. This not only applies heavily to real estate investing but to any goal we set.
David and Rob get the opportunity to talk to Ed about his book as well as his sentiment towards today’s housing market and what deals he’s doing in the background. You may be surprised to hear it, but Ed is incredibly bullish on real estate investing for a few good reasons. He gives a simple yet incredibly practical explanation for why this year is surprisingly the best time to get into real estate investing in a long time.
David:
This is the BiggerPockets Podcast show 620.
Ed:
I actually, I’m not telling you that I love when the market turns, but I love when the market turns. Because when the market turns like this, believe it or not, it allows the little guy to play at a very similar level as the big guy because of their creativity and their flexibility for the little guy. And so, this is really a great time probably coming for those of you that are newer into the game, smaller into the game, because a lot of these people you compete against for deals are going to go away and they’re not going to be as creative as you can be. So, I like this time for a lot of…