Interview with Real Estate Investor Ryan Carr

by | Mar 23, 2018 | Real Estate

Q. How did the idea for your business come about?

Ans: I WAS LAID OFF FROM MY 9-5 JOB, IT WAS A MAJOR SHIFT IN MY BUSINESS THINKING AND A HUGE SHOCK TO THE SYSTEM

Q. What three pieces of advice would you give to budding entrepreneurs? Ans:

Ans: NOT ALL GOOD IDEAS ARE GOOD BUSINESSES, START YOUR BUSINESS AFTER HOURS AND SEE PROFITS (OR POTENTIAL TO BECOME PROFITABLE) BEFORE MAKING IT YOUR FULL TIME CAREER, EXPECT LONGER HOURS AND HARD WORK

Q. What would you say are the top three skills needed to be a successful entrepreneur?

Ans: PERSISTENCE, TAKING ACTION, KNOWING WHEN TO PUSH AND WHEN TO PULL BACK

Q. How many hours do you work a day on average?
Ans: 15

Q. To what do you most attribute your success?
Ans: Ans: THE RIGHT AMOUNT OF EFFORT INTO THE RIGHT IDEAS = SUCCESS

Q. How do you go about marketing your business?

Ans: What has been your most successful form of marketing? Ans: Ans: I DONT MARKET IN THE FORMAL SENSE. i’M A BIG BELEIVER IN “YOU, FIRST” MARKETING. FOR EXAMPLE, IF SOMEONE WANTS TO SELL SUITS AND TIES, THEY DON’T GO ON FACEBOOK AND BOAST ABOUT THE FABRIC (THATS A HARD SELL, AND PEOPLE DONT BUY INTO THAT ANYMORE). THEY PUT THAT SUIT ON A HUMAN BEING, AND PLACE THAT HUMAN BEING IN A NATURAL SETTING. NOT POSED, NOT SCRIPTED, ACTUALLY WEARING IT. FOLLOWED BY A QUICK LITTLE CLIP THAT SAYS, “CHECK OUT MY FRESH SUIT, NIGHT OUT WITH THE BOYS”. THIS DRAWS THE ATTENTION IN A NON SALES WAY, AND AN END USER WILL BITE IF THEY SEE SOMEONE ELSE DOING IT BEFORE THEM. EX: I’M INTERESTED IN YOUR PRODUCT… BUT YOU TRY IT, FIRST

Q. Where did your organizations funding/capital come from and how did you go about getting it?

Ans: How did you obtain investors for your venture? Ans: Ans: 1ST HOUSE WAS STRAIGHT SAVINGS, 2ND HOUSE WAS ALSO SAVINGS AND SOME CREATIVITY, 3RD HOUSE WAS CAPITAL FROM THE SALE OF THE 2ND HOUSE, FOLLOWED BY A SERIES OF PARTNERS AND SALES OF OTHER REAL ESTATE/ SIDE HUSTLES.

Q. What is the best way to achieve long-term success?

Ans: DONT GET LAZY. THE GAME OF BUSINESS ISN’T PASSIVE, NO MATTER WHAT SOMEONE TELLS YOU.

Q. Where you see yourself and your business in 5 – 10 years?

Ans: PROBABLY DOING THE A SIMILAR BUSINESS TO WHAT IM DOING NOW BUT IN A DIFFERENT FORM. I DONT KNOW WHAT THAT FORM WILL BE YET, BUT I SINCERELY ENJOY WHAT I DO

Q. Excluding yours, what company or business do you admire the most?

Ans: GARY VAYNERCHUCK

Q. How important have good employees been to your success?

Ans: VERY. YOU CANT SCALE PHYSICAL LABOUR BY DOING EVERYTHING YOURSELF, BUT YOU CAN SCALE YOUR THOUGHTS.

Q. How long do you stick with an idea before giving up? Ans:

Ans: GUT FEEL, THERE IS NO TIMELINE. IF IT WORKS AND HAS A FUTURE, STICK TO IT. IF ITS SHIT, OWN IT AND MOVE ON.

Q. What motivates you?

Ans: OTHERS THAT ARE MOTIVATING FOR THEMSELVES. ITS CONTAGIOUS

Q. What are your ideals?

Ans: DONT KNOW WHAT THIS MEANS

Q. How do you generate new ideas?

Ans: I GENERATE NEW IDEAS BY LOOKING FOR OPPORTUNITY EVERYWHERE I GO. HOW CAN SOMETHING BE DONE FASTER, BIGGER, STRONGER, SMARTER, CHEAPER, MORE LUXURIOUS, MORE ECONOMICAL THEN THE NEXT. THIS IS ALSO CONTAGIOUS, AS IS DIFFICULT TO TEACH.

Q. How do you define success?

Ans:  SUCCESS COMES FROM WITHIN. WHEN YOU FEEL SATISFIED, YOU’RE SUCCESSFUL. COMMON PLACE SOCIETY PLACES IT ON MONEY. AND THEY ARE RIGHT (SORT OF). i PLACE MORE EMPHASIS ON TIME. wHAT IS MY RETURN ON TIME, RATHER THEN WHAT IS MY RETURN ON INVESTMENT.

Q. How do you build a successful customer base?

Ans: BY ACTUALLY GIVING A FUCK ABOUT SOMEONE, AND WHAT THEY HAVE TO SAY. GIVE BACK, WITHOUT THE EXPECTATION OF ANYTHING IN RETURN AND WONDERFUL THIGNS HAPPEN.

Q.What is your favorite aspect of being an entrepreneur?

Ans: THE THRILL OF THE CHASE.

Q. What has been your most satisfying moment in business?

Ans: KNOWING THAT IM JUST LIKE ANY OTHER PERSON, AND CAN DO IT TOO.

Q. What do you feel is the major difference between entrepreneurs and those who work for someone else?

Ans: MINDSET. I HAVE THIS LITTLE STICKY NOTE THAT READS “HOW BAD DO YOU WANT IT” IN MY TRUCK. I SEE IT OFTEN. iT’S A QUOTE FROM ERIC THOMAS, MOTIVATIONAL SPEAKER. ITS VERY DIRECT, AND VERY SINCERE, AND CUTS AWAY THE FAT TO GET TO THE POINT. HOW. BAD. DO. YOU. WANT. IT.

Q. What kind of culture exists in your organization?

Ans: How did you establish this tone and why did you institute this particular type of culture? Ans: CULTURE IS EXTREMELY IMPORTANT. MORE IMPORTANT THAN MONEY, BENEFITS, WORK HOURS OR JOB LOCATION. I WORK EXTREMELYT HARD TO PROMOTE A HEALTHY CULTURE OF LAUGHTER AND GOOD FUN, MIXED WITH A BALANCE OF GET SHIT DONE. IF ITS ALL A JOKE, YOUR BUSINESS WILL BE THE SAME, YOU NEED TO FIND THE BALANCE.

Q. In one word, characterize your life as an entrepreneur.

Ans: BUSY.

Q. If you had the chance to start your career over again, what would you do differently?

Ans: THE SAME THING IM DOING NOW. I LOVE IT.

Q. How has being an entrepreneur affected your family life?

Ans: ITS SCULPTED MY FAMILY LIFE TO PUSH AWAY FROM SOCIETAL NORMS LIKE CHILDREN AT AN EARLY AGE/ COUPLE YEARS AFTER MARRIAGE, AND FOCUS ON THE LESS SOUGHT AFTER WORLD OF BUSINESS.

Q. What is your greatest fear, and how do you manage fear?
Ans: DEATH OF OTHERS AND MYSELF. I HAVE LOTS TO DO AND LITTLE TIME TO DO IT. ITS A WONDERFUL WORLD OUT THERE, BUT IF THERES NOBODY TO SHARE IT WITH ITS LONLEY.

Q. How did you decide on the location for your business?

Ans: HAPPENED TO BE WHERE I WENT TO COLLEGE.

Q. Do you believe there is some sort of pattern or formula to becoming a successful entrepreneur?

Ans: THE PATTERN WOULD BE PUTTING EFFORT INTO GROWING SOMETHING CORRECTLY AT TEH BEGINNING AND WATCHING THAT EFFORT FLOURISH. EVERY INDUSTRY HAS A DIFFERENT MODEL. TOUGH TO SAY.

Q. If you could talk to one person from history, who would it be and why?

Ans: NOBODY COMES TO MIND

Q. Who has been your greatest inspiration?

Ans: AGAIN, DIFFICULT TO ASNWER, I DONT IDOLIZE OR LOOK UP TO PEOPLE IN A CELEBRITY FASHION.

8. What book has inspired you the most? Ans: (OR what is your favorite book?

Ans:) MOTIVATIONAL AND EDUCATIONAL YOUTUBE CLIPS, YOUTUBE HAS BEEN A FANTASTIC TOOL FOR ME. YOU CAN LEARN ANYTHING YOU WANT.

Q. What are some of the biggest mistakes you’ve made?

Ans: THIS IS DIFFICULT TO PINPOINT, THE SUM OF YOUR LIFE EXPERIENCES BRING SOMEONE TO WHERE THEY ARE TODAY. I LIKE WHERE I AM TODAY.

Q. How can you prevent mistakes or do damage control?

Ans: HAVING THE FORESIGHT TO THINK 2 STEPS AHEAD. ITS NOT ABOUT WHERE YOU ARE, BUT WHERE YOU ARE GOING.

Q. What are your hobbies?
Ans: What do you do in your non-work time? Ans: ANTIQUE CAR RESTORATION / HOT RODS

Q. What makes you happy?

Ans: FINANCIAL SUCCESS/ FAMILY TIME/ GOOD WEATHER/ GREAT FOOD/ RELAXING VACATIONS/ TRAVEL

Q. What sacrifices have you had to make to be a successful entrepreneur?

Ans: TONS. YOU NEED TO PRIORITIZE THE BUSINESS OVER SOCIALIZING, GOING TO PARTIES, LEISURLEY LIFESTYLE, FRIVOLOUS SPENDING, SLEEPING IN, BEING SICK, AND SO ON. PRIORITIZING IS #1, HOW BAD DO YOU WANT IT.

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