Real Secrets to Leading Boldly, Living Fully, and Building True Legacy with Leigh Brown

[0:00] Welcome back to the REI Agent. I’m honored to have Lee Brown here with us. Lee, thanks so much for joining us. I’m super honored to be with you today. Lee, you are a rock star in our industry, and so it is a huge honor. I’ve heard you speak multiple times. And yeah, I think NAR, I heard you in NAR, and you did a local thing for us once over Zoom. So always a great conversation. You’re an inspiring person and a lot of fun. Can you give us a bird’s eye view to start if anybody hasn’t heard of you, kind of what you do and what your world is all about? Well, I’m a 25-year realtor, which means it’s my silver anniversary this year. I’m still a practitioner, which I think is my little difference maker when I go to do presentations. I’m still practicing real estate, although my team does the bulk of it. I’m in Concord, North Carolina, which is our own city outside of Charlotte. We’re not a suburb, but we are part of the greater Charlotte region.

[1:01] And I was North Carolina president in 2023. I was the vice president of the National Association in 2021. I’ve spoken in 49 states and on five continents, trying to help real estate professionals, first of all, value what they do, because I think a lot of realtors forget that what they do is so critical to the American dream and to their communities. And then give them good practical tips for how to break through the space that they’re in, because it’s so easy to get blue and depressed about real estate when nothing feels right. But then as it turns out, you log into your MLS and somebody pinned something in the hot sheet and you realize it wasn’t you. So you got to do something. I want to give them that something. And I’ve got two grown kids. We’ve got one geriatric cat left. And then when she passes, we can get a new cat. We have chickens. I don’t have goats yet, but when my husband retires, we’re going to have goats. And he doesn’t think that’s going to happen, but he’s completely wrong. And so he’ll just have goats to take care of when he retires. And life is wonderful. And everything I do, my one North star is my Lord and Savior, Jesus Christ. And so

[2:10] that’s what’s always driving me to be more encouraging, more helpful, and a better version of myself and real estate and everything else. So you do everything. How do you manage it all? I mean, what, how do you keep yourself balanced and show up every day with, you know, a clear head and you’re always positive whenever I see you interact. So. There’s no such thing as balance. I’ve let go of that a long time ago because I enjoy what I do. I enjoy realtors and real estate and speaking and coaching. And I love all of it, which means it’s very easy to spend too much time in it. But I know that I can do a lot through real estate. And so the first thing I would say is that you have to look at how your time is spent and where your calling is. And I know that I’m called to be helpful to people. And today it’s real estate. And then starting last year, it was the nonprofit that I started in the North Carolina mountains. And tomorrow it could be something else, but I love what I do. So I have to pull myself back so I can breathe, which means that when I’m all in for my work, I’m all in notifications are off. I’m not in my email nonstop. I don’t check notifications every two seconds. As

[3:21] we record this, I’m on a social media fast, which is so nice. And I’m going to hate going back into the devil’s swamp, but highly recommend that to everybody. You’re more productive when you can turn off the noise. By the same token, my son’s in the marching band at North Carolina state. So when we go to watch my son march, cause I don’t care about the football game, I’m with the band parents are walking halftime. I talked to my husband the whole way to the ball game and he might rather listen to the radio, but we’re together. So I’m going to be focused. And when I’m with my kids, I’m focused. And when I’m at church, I’m focused. And I would say that the key to getting things done is to utilize your time really, really well. I mean, so much of y’all’s time, whoever’s watching this, you know, that this is a cancerous little device and you get scoliosis and you just stand in there doing this and you look up and you’re like, Oh, that light was red. Then it went green. No wonder everybody’s honking at me because it’s red again. Cause you were responsible and checking your phone at the red light, but you completely lost everything. And I think that’s what’s happening to all of us

[4:28] right now. We are, we’re too far distracted from what’s right in front of us. And what’s right in front of me is my faith, my husband, my kids, my family, my business. This has to be secondary to that. And I’m still able to use this because if anybody’s followed me, you know, I put out a video every single freaking day. I mean, we’ve got content, but that’s about being focused enough to create it at one shot, build the library, set the library on a schedule so that that doesn’t consume every ounce of energy that I have. And the other thing I will say is to get your time under control, know yourself a little better. I’m a morning person. I am not a night owl. And so by 830, I’m really ready to go to bed, but I try to make it till nine o’clock. So I don’t pretend I’m my grandmother yet, but I’m up at four, 430 to drink my coffee and do my devotions and play words with friends and get my brain going before I go exercise. And if you’re a person who’s thinking, Stanley Brown, I could never do that. Yeah, that’s probably because you’re a night owl. So if you get up at nine and go to bed at midnight, then you structure your day accordingly. And when I say that

[5:38] my clients know if they want to call me at 7am, I’m fine with that 630, I’m good. And if it’s 730 at night, they’re taking their chances because I’m going to be so low battery, they don’t get the best of me. And when they get the best of me, they get better results, which also cuts my time in the interaction. That’s a really long answer to your questions. Well, one of the things I want to pull out of what you said is that there’s a book called Authentic Happiness. And I think it was by Martin Silliman. I forget how to say his last name. He’s he was a president of the Psychological Association. And he talks about ways, well, basically psychology for a long time was focused on the deficits and how do you get depressive people? How do you get the negative stuff back to closer to zero to baseline? And he wanted to study what what gets people happier. And one of the things that he talked about was flow, the state of flow, the state of being like, so focused on whatever you’re doing that nothing else like time kind of stops. And that’s like a key indicator of how you can be really fulfilled. And I think what sounds like to you, like that you do

[6:43] very well is that you can when you’re doing the thing that you’re doing, you are there. And you’re you’re focused in on it. And I think so often we are trying to be a full time agent that’s driving around from showing to showing doing all the things while we still have to answer all the emails and do all the different things. And our minds just pulled a million directions. And I’m with you. Like if I’m at a showing, and a phone call comes in, I mean, there’s it’s very rare I take that phone call unless it’s this. I know it’s a screaming emergency. And you twitch when the phone rings, because you’re like, yeah, I don’t want to answer it because I’m with people. But if I don’t answer it, then that person doesn’t feel value. Because at your core, just like most realtors, you want to please the people that you serve through real estate.

[7:27] Yeah, it’s true. And I think, you know, establishing that boundary, and it’s a great thing, I should probably work into like a buyer consultation or whatever that, you know, when I’m with somebody, I’m with them. So when I’m with you, I’m with you. If somebody else calls in, unless it’s, again, a screaming emergency that I’ll get back to them. But it may not be right at that moment when they call. Well, I know you saved your golden nuggets for the end. But one of my golden nuggets, I’ll give you another one. Your phone should be upside down. So if you carried it into a meeting, put it upside down and then tell your buyers and sellers, look, this is here because I’m dealing with a hot mess of a dumpster fire on an inspection report. So if it rings, I may have to answer it. But that’s the only one that’s set to come through my phone. Everything else upside down, I don’t even want to see it flash. If you tell them that you’re being intentional, your value in their eyes just went up tenfold because they understand that you’re pouring into them. And that’s just one of those visual things that we can do is do the thing and then tell

[8:30] them why we’re doing it. But also give yourself permission to handle the things that only you can handle as the licensed person, as the negotiator, as the one that’s in the heart of the deal. No, that makes a lot of sense. I’m curious how your career went and what got you into real estate to begin with? Well, I didn’t want to get into real estate because I’m the child of a realtor. And I like every other kid of a realtor. I don’t want to do what daddy does. That’s awful. Those people are terrible. And he’s driving around all the time. And he couldn’t come to my track meets because, you know, track meets last about four days. And he had to show houses in the afternoon because I’m slightly older than you might think because I have a great hairdresser. But IBM was moving to Charlotte and my dad was working a lot of the relocation for IBM. And so he was running people all day, every day. And I didn’t want to be in a grownup job that wouldn’t let me go to my kids’ track meet. Because we all believe real estate is that super freeing job. But it frees you up to work 24-7. So when I got out of college, I didn’t know what to do with myself

[9:33] because I finished college a year early because I’m a super nerd. And I was bartending to pay for college. So I kept bartending. And then one of my regulars hired me to go work on Wall Street. So I went to work at 1C Port Plaza and used to have cocktails at Windows on the World every Wednesday night. And when I told that to some young people, they look at me cross-eyed because I’ve realized now I’ve been in real estate longer than some of my fellow realtors have been alive. And they weren’t alive for 9-11, much less have talked to somebody who worked in that area and went prospecting for clients up there. But while I enjoyed my time in Manhattan this much, it was not for me. I’m obviously not the person who belongs in New York City. When you hear how I talk, I do not belong in the city. So I wanted out of that. And I went to work for Husqvarna, which is premium, sweetest, chainsaws, weed trimmers, and lawnmowers. And I was the only woman on the sales force at the time.

[10:28] Their North American headquarters are in Charlotte. And I had walked in and said, are y’all hiring anybody in sales? Because I was so anxious for something besides Wall Street. I was at home for that weekend. And the sales manager came around the corner and he interviewed me and put me in inside sales to learn the SKUs and the business. And then they sent me out in the field. I went to Iowa, went to Texas, and they were going to relocate me again. And I said, I don’t want to move every 12 months. And my boss said, well, that’s what you’re going to do. You’re going to go in, clean up a territory, and then we’re going to move you. And I was like, I want to get married and I want to have kids. And he said, well, that’s fine, but this is what you’re going to do for us. And so I said, I’m not doing it. He said, but New Jersey’s next. And I was like, I couldn’t do New York City. I can’t do New Jersey. And he’s like, if you don’t take it, you’re going to get blacklisted. And I said, then I’m out. And so I called daddy and I said, I don’t know what to do. I’ve now changed jobs three times. And he said, just get into real estate. You’ll be fine. So I came back to North Carolina,

[11:27] got my license. And 25 years later, it’s more than buying and selling. I own my brokerage. I got a speaking and a coaching business. And I’ve had the chance to give back through realtor associations all over the place. And I own rental properties and I’ve helped people become more financially stable because of investment properties. And it’s just, I can’t say enough about how glad I am that I finally listened to my dad. And I’ll just add the, one of the biggest blessings of my work life is that I got to work side by side with my dad for about 11 years. He had a massive heart attack in 2011 and he’s still alive, but he had to retire from real estate to keep himself alive. And I’m so grateful because I can still talk to him about real estate. And he’s like, sure glad I’m not in it right now.

[12:17] I’m like, that’s not helpful at all because that’s what a retired realtor says. If y’all didn’t know that they’re really glad not to be practitioners right now. Yeah. Yeah. It’s got to be, uh, anybody that got in during the pandemic and experienced that boom, uh, it’s going to learn. It’s a hard time. They’re learning, but we all have to learn. We’re refined by fire. You got to remind yourself of that. It fire can be a refiner. Yeah. I was, uh, I’m building a team and I was mentioning to a sales agent that like every time, uh, she’s working through her first contract, her first offer and all that stuff. And you know, every time it’s like, you know, just, just think about it this way. I know this is really stressful, but the next time it happens, you’re going to have like that rep built in and you’re not going to be stressed the next time. And, and every time there’s going to be the next thing it’s going to get, you’re going to have another really stressful event, but like everything else is going to feel like less stressful. Oh, you’re so right. The muscle memory matters, but then she’s also got to remember

[13:15] cause she’s probably going to watch this being one of your team members. Hey friend, you know, more than 99.9% of the public. And frankly, because you’re affiliated with someone who’s pouring into you, you’re probably doing better than 88% of realtors. And so don’t belittle yourself because you’re learning, but be grateful that you have a support system that allows you to learn without endangering the consumer. It’s great. I love it. Um, Lee, when you, what, what got you to your, to owning your own brokerage? So did you start a team? Did you hire a transaction coordinator? What, what kind of moves did you make along the way from being a sole practitioner to, or working beside your dad and then moving into the position you’re in now? Well, my dad was a little Mr. Brent groundbreaker. He was one of the first people in Charlotte to have his own real website. And he was one of the first to start a team.

[14:05] And this was back in the nineties. And so when I came in, he was already running a team. And so I started as a buyer’s agent, although my dad’s approach was very, very specific that I wouldn’t be allowed to talk to a member of the public until I had been adequately trained. And so for 90 days, I had to live in his hip pocket. I wasn’t allowed to take a call, make a call. I went on every appointment he went on. I sat beside him on the phone and took down notes until he felt like I was equipped enough to handle the public because my dad takes very seriously the code of ethics and he takes very seriously what it means to hold up real estate license law in the state. And he had two buyer agents and an assistant at the time. So I’ve always known the team world. He and I have been turned into eventually a father-daughter team, which of course ticked off some of our agents because they were mad that now he had a partner that was much younger than them. And that’s the nature of real estate agents come and go. And I’m grateful that with most of them, we’ve been able to maintain good relationships.

[15:09] And then over time, he started to pull back and my team started to grow and my team got real big at some point. I guess we were probably up to 16 people on my team and number one in Charlotte and killing it and discovered that when you do the big team thing, there is a point of diminishing returns, whether it’s your energy or monetary. And so I started scaling back. And then of course, I’m maturing and my leadership and maturing in my walk. And that changes how you look at things. And so when I fast forward, it was 20 years with a franchise before I went independent. I went independent in January of 2020. Good timing. So right before the COVID era started. So I’m in an independent brokerage in a commercial building that I own, by the way. So we can talk any angle of real estate investing. I own the building, but I rent out the bulk of it and keep an office for myself.

[16:00] And then the team that I have now is comprised of four of us and all four are highly productive. We do interview all the time, but we’re just not a fit for everybody because we are very high standards, very high volume, very high level of touch with our clients. And we expect the best out of anybody who comes to work with us, which is why I would say we are intentionally boutique. I think that makes a lot of sense. I mean, ultimately it takes a lot of energy and you have a lot of responsibility for the people there. So it makes a lot of sense that it’d be, yeah, choosy. Intentional is a good way to put it because, I mean, it’s not even about the amount of time they’ve been in the business. And I’m sure you’ve seen that too. You could have somebody that’s 10 years of bad habits and bad attitude and somebody who just got their license two minutes ago that is bright eyed, bushy tailed and ready to roll. And I know exactly which one I’ll take.

[16:56] Yeah. No, totally. That makes a lot of sense. And then what got you into speaking? Obviously, you have the gift. You probably was instrumental in all your sales positions, but what got you into speaking in front of people? I didn’t want to, but I was so irritated by being a number one agent. Charlotte’s a big market. So to get to number one here, you’re churning it out. And we were number one during the short sales and foreclosure era. So we were killing it, but I’d have to take CE and go to any event. And I’m listening to speakers. I’m like, seriously, you had your license 40 years ago. You don’t, you don’t know, you don’t understand, you don’t get me. And I wanted to hear from people that were in my space. Well, I may have expressed that frustration a few times to a dear friend who is, he’s passed away now, but he was a CRS instructor from Virginia. His name was Alan Hange. And he was from out in the Norfolk area. And Alan said, come get on this panel. You know what you’re doing. You need to give back. And I was like, Alan, I can’t stand these events. I can’t stand these speakers. I can’t stand it. I can’t stand it. Cause let’s just be honest. I thought I was

[18:05] too good for my own good. And Alan peppered me, peppered me, peppered me. He said, there’s a reason you’re doing well. You have to give back. You’ve taken all these years, give back, give back, give back. And about the 83rd time he asked me to, I caved. So I got on this panel and on the panel, you have country bumpkin girl here selling short sales and trailer houses. And you have a man from New York city who sold these luxury penthouse lofts. And one of his clients was the B 52s. I didn’t even know him at the time, but I was scared to talk to him. And now he’s one of my dear friends. And then I have Mr. Fancy Chicago condos who sells a hundred million a year. And then there was a guy from Boston who sold these big luxury, fancy things. And I’m like, I, I, I don’t belong here at all. And so all of my ego was immediately destroyed because I’m such a bumpkin next to them. And then we did our presentation. And at the end, if you’ve ever been in a class where you really wanted to get the business card of the speaker, you liked an idea, you want to ask them for their slides, whatever people come up at the end. And a whole lot of people came up to talk to

[19:10] me and I’m like, y’all sure about this? But they identified with the fact that they also worked the normal people market. They worked the, the hard stuff. And I was like, Oh, Oh, that’s, that’s why I speak. It is not for me. It is for the audience. And so once I had that mind shift of, I do have something and I have an obligation to share it so that somebody else can feel seen, heard and be better. That’s what sparked it. And it went from there to speaking. I mean, all over the place, my business grew by word of mouth. And I’m so grateful because every time I’m on the stage, I’ll have a conversation with somebody before or after and they’ll ask a question or say, Oh, I’m trying this. Or have you heard of this? And I’m over here, always got my notepad and went, Oh, tell me about that. And so I learn when I give and then every chance I have, I will throw those people up on the screen and say, go follow this person too, because there’s such an amazing change in your life and in your business. When you get into the attitude of abundance versus scarcity.

[20:13] And it applies in the educational space and the speaking space and also in the professional space, which is, I love that you’re talking about your new agent who needs guidance on that offer to purchase paperwork because we see so many people come into the business. They ask for help and they get shunned because that other person sees them as competition. But if we realize in any market, none of us can handle all the listings and we can’t handle all the buyers and we actually need each other. Then if we make the competitors around us better, it makes real estate better. And that’s better for everybody. Yeah, that’s true. I mean, working with, uh, there, there’s always going to be people that you just don’t want to work in a transaction in any market, I’m sure. Uh, but I’m sure that you’ve been an inspiration to so many people. I know that. Um, and I would imagine, especially women too, like, I mean, I would imagine having somebody in, you know, like I know that realtors are often seen as there is a higher population of women in, in the realtor space.

[21:12] However, um, you know, in leadership and all that kind of stuff, I’m sure that you’ve, I would imagine have been seen as a trailblazer and somebody that’s been very influential for people. So, so thank you for that. I hope you get that feedback. Well, I think the only thing that makes me a trailblazer is that I’m a lot of a loud mouth and there’s so many women who have paved the way for the spaces looking like the, the organization’s members. But I would say that what, what makes me a little different is that I don’t belong to the industry. I don’t belong to any club of people. I don’t kiss up to get a leadership position. I just go into a room and I do my homework and I read some research and I’ll raise my hand and ask the question. So if I am seen as a leader for being somebody who raises their hand so that somebody else can raise their hand, that’s the kind of leader I want to be known as. And that’s not necessarily got anything to do with my femininity, but it’s just, to me, the kind of leadership we desperately need right now as the profession changes and as we go through structural changes and the headlines are every day and they’re all

[22:19] over the place, who’s going to raise their hand to lead us? Because I do think there’s a bit of a vacuum in that space. So for anybody that’s watching or listening to this, it means it might be you because a background from consulting, accounting, stay-at-home mom teaching could bring in the perspective that we need to keep real estate focused on what we do. And I’ll just say that if you raise your hand and start talking, even if one person listens, then that’s one person more than ever heard you before you opened your mouth. Yeah, I love it. Well, maybe that’s a natural transition to talk about the importance of leading in your local association. So I served as president of my local association. And then I was brought back in to not force somebody else up as another person got out of the business. So I served two years. I have not gone to the state at all yet. I kind of needed a little bit of a breathing period before I consider that. But tell us a little bit about why you feel that’s important. You’ve done it. You’ve gone through the state, done national.

[23:25] Well, I did it backwards. Most of the time you’re told there’s a ladder in real estate. Yeah. You did the local, then you go to the state, then you go to national. I actually did national first because as I was out there speaking, there were some of the leadership who had heard my name and they were said, well, call this one. There’s a producer over here you could talk to. So I wound up in conversations and in some presidential advisory groups. And then I’m on committees. And the interesting thing was a lot of the existing leadership didn’t like me for that because I didn’t follow the rules. So there are some unwritten rules in the business. And I’m pretty much against all unwritten rules. The Bible is the only book of rules I think I have to follow. The rest of this is all made up. And so you think about it, you’re going to be told what you can and can’t do. And if you start listening to that, you’re going to lose the passion that gets you there in the first place.

[24:19] So what I would say is after having served on all these levels, what’s wild to me is that we act like you start at the local, then go to the state, then go to national, like there’s a hierarchy and it’s backwards. Because as you look at the three levels of real estate, the most important part is a local association. That’s where decisions are made at the county commission with planning and zoning. What are we going to do about smart growth? How are we going to build? What are we going to do about housing supply? What do we do about infrastructure? What do we do? What do we do? That is local, local controls. And so what your county does is going to be wildly different than what say Loudoun County does. And that’s in Virginia. Loudoun is going to have a big disconnect with any other part of the state. So if you go to the state level, now you’re pleasing all those constituents.

[25:10] And it’s important because our state legislatures make decisions that impact housing in the state. But it’s far more advocacy related when it comes to legislative action on the state level. So your influence expands, but it doesn’t necessarily deepen. And on the local level, you might be an inch wide, but you’re going to be a mile deep. Wildly important. And when I look at the conversations happening in and around housing, affordable housing is on everybody’s campaign list, blue, red, green in between, they all talk about housing. And you can’t solve that from DC, the national level can’t solve housing. The state level can’t solve housing because every state has a collection of counties except for Louisiana. If you’re Louisiana, we know you have parishes, you’re special. But you go down into your county, even in my county, Cabarrus County, right here, five municipalities plus the unincorporated part of the county, they don’t agree on anything.

[26:05] And so I’m realizing as a realtor, this is who I buy and sell houses with. This is who I go to church with. This is who my kids play ball with. I have a duty to be the most focused locally. And I wish I’d realized this years ago because what I thought was just the attitude that local didn’t matter because national mattered more, you got to work your way up there, was actually starting people off in the place where they matter most. We just didn’t ever tell them that. And I think that’s what’s going to happen as the industry changes. I do think the three-way agreement is doomed. It’s going to break at some point. I thought it would die last year. I was wrong, but I still think it’s going to go.

[26:48] And when I talk to any realtor and ask them, which of the three would you stay with for your business’s outcome, would you stay with your local? Most of them, yes. Would you stay with your state? It depends, but maybe probably yes. Would you stay with national? And they aren’t sure if they should or not, which means is national important? Absolutely it is. Are there benefits? Absolutely. Do they need to sell it to the members? They sure do. They need to get back to demonstrating value so the members will stay because without the big national association, there is a gap in conversation around housing. We have to be in the room so the organization is necessary. But if you’re talking about the limited amount of resources and time that you have, it’s that local that is the penultimate place to spend your time and get involved. And if you’re the person who says, I’m listening to you, Lee, ma’am. I don’t like politics. I don’t want to get involved. Well, get over yourself because this has nothing to do with the traditional campaign issues. Housing is not sexy. It is only being talked about

[27:47] because the people are upset about it, but it’s only realtors who can be in the room and say, well, let’s consider the schools and the water and sewer and the elderly and the relocation people and the price points and the, and the, and the, and the, and the, we see real estate so holistically, but every other crowd in your community sees their one little pet angle. You are so valuable at bringing the whole picture. And so if you stop thinking about it as politics and think about it as the community, that’s where you can, you can change things and you can change them for the good of your entire community. Yeah. I mean, just preaching the, you know, I, I can’t afford another house, but don’t develop in my backyard and don’t raise my taxes for the next cause.

[28:34] And that’s every County in the country right now. And I wish we were having more robust conversations about the fact that we are electing two extremes right now. And the two extremes are no more building ever, no growth, pull up the drawbridge and build it all because we need houses and there’s got to be a coalition in the middle that says, let’s, let’s start evaluating where we say yes and where we say no. No, a hundred percent. Uh, definitely important conversations to have. And, and not all elected officials really understand, uh, the perspective of developers and or, or what it takes. Yeah. Bad guys. I’m not a developer, but developers aren’t the bad guys and either are developers. I mean, everybody’s got to make a profit at some point to make it worthwhile.

[29:18] And if it’s insanely difficult and insanely expensive to, to get to, uh, building something, we’re just going to go somewhere else. Uh, developers are just going to go somewhere else. Or your kids don’t wind up owning. And so we’ve, we’ve got to be cognizant of that. And it’s one of the things that, you know, Charlie Kirk, God rest his soul was really talking about in his last few months of interviews and speeches is the disconnect of the younger generation and their despair when it comes to housing. And so if you want to understand how a candidate like Mondani has momentum in New York city, it’s because the young people have been told you’re never going to own the American dream. You’re never going to have a house. And so housing is so rooted in what we want as humans. We want our little corner where we can, you know, plant a tomato plant and the, we have our little house and do whatever we want in it. But when that dream gets disconnected, then you’re losing an entire future piece there. So it’s, it’s gotta be a really urgent conversation by all spectrums of age ranges and socioeconomics so that we can figure this out because the whole country itself was built on

[30:28] private property rights. That’s the fifth amendment. Too many people think the fifth amendment is your Miranda rights. The fifth amendment says private property shall not be taken because the founding father said everybody should have a chance at owning a little piece of dirt here because you couldn’t do it anywhere else on earth. Yeah. If you could go back or if this was 25 years ago, but today, and you were starting off your career, how would you go about building up your pieces of dirt? Like if you were wanting to buy in today’s markets, you know, starting out as an agent slash wanting to maybe build up an investment portfolio as well, eventually, like what kind of path do you think you might take?

[31:12] I would have bought more houses. And here’s the thing when I bought my first house and well, let’s see, that would be 99. No, 99, 98, 98 or 99 was when I bought my first house. And we had no doc loans. We had stated income loans. I could have made up all kinds of shit and bought all these houses, which I can’t because I was not raised that way, but good gravy. The financing was still loose at that time that I could have bought more. And in retrospect, you could look at the market now and say, well, finance is tight. It ain’t tight like it was in 08 when the markets disintegrated because then there was no capital to lend. So it’s all perspective. But when I look at what houses cost back then, I should have bought more and I should have looked in neighborhoods I was afraid to go into because sadly, there is a higher level of, well, the higher the crime rate, the lower the price point is how it goes in most areas, whether anybody wants to admit it or not. There were parts of town I couldn’t go into safely. Well, that’s where I should have bought houses and figured out how to get the right property manager to help create opportunities for other people. And I say this

[32:25] because there’s nobody I’ve ever talked to that would go back in time and buy less real estate. They’d all buy more because it’s stable. Like it’s the stable part of my portfolio. And so I had a plan back then by one house a year. And then the other thing I would go back and do is I wouldn’t buy as many single families because I built single family portfolio. And then after a good friend of mine educated me on multifamily because I needed to learn it from somebody who understood it, he gave me so much knowledge. I started buying multifamily. So now I think in terms of doors instead of houses, I wish I’d been buying more multifamily because it definitely dilutes your risk a little bit. And I wish I bought more commercial property because this has been just a huge gift to my business. First of all, to be in my historic revitalizing downtown, I’m a part of the future.

[33:15] And in addition to that, the building pays for itself. It’s just no way to lose really. But the guy that you need to talk to is Matt Ritchie. He’s in Louisiana. Matt’s my age and he started buying rental properties when he was in college at LSU, when he could buy a house on a credit card, you could buy a $10,000 house. And so for anybody out there, those don’t exist anymore. I don’t know. Take a look around at all kinds of places and look for duplexes. Look for rundown duplexes where at some point you can put in a little sweat equity and a little bit of lipstick and give somebody an affordable place to live while you fix it up. That’s where you find a way to get yourself started. And it’s not going to necessarily be easy, but there is a way to get started if you go look for it.

[34:02] A hundred percent. And I think, I think also every, probably every time somebody first buys a house, especially they think they’re overpaying. There’s so many, there’s so many different voices saying, this is the wrong time. This is the wrong time. This is the wrong time. And, and almost always, if you look back, you’re like, I should have spot. I mean, what we look back on is I should never have sold that. Cause the other thing I should have mentioned is once you buy it, never sell it. And I’ve sold a couple of pieces over time that I should never go look at in Zillow. Cause I’m like, well, Oh, I should never have. A hundred percent. Um, do you have any suggestions for agents to how to adapt in the current market as it is now? I know that every market’s a little bit different. So maybe you speak more to yours. I mean, it’s just about showing up, right? So if I look at what happens in any community, especially where the senior citizens live, they’re getting beat down with investor letters and knock on the door. We’ll buy your house for cash. They’re getting so much from outsiders. For most of you who practice real estate, you’re the insider in your community,

[35:10] but do the people who would like to sell and only think their option is we’ll buy your house for cash or we buy ugly houses. Do they even know you’re an option? I’m a big proponent of door knocking. And I know that makes me sound like an old person, but it’s freaking fun. And by the way, when you do things, nobody else does, you get results. Nobody else gets knocking on doors. For me, it got even better during COVID when people were panicked to even go breathe outside, but I’d go knock on door, ring a doorbell and wave at it. Cause they’re, they’re ringing doorbells now. And I’d say, Hey, I’m Lee Brown. I’m the realtor from over here. Just want to stop by and say, Hey, well, there’s a real reaction there. And generally people come to the door and say hello, because they’ve had to have somebody to speak to, especially if you’re in an older folks neighborhood.

[35:53] Whereas the investor who sent the fake letter, they’re, they’re immune to that, but they’re not immune to you. And if you say, look, I just wanted you to know that I’m in real estate. And if you ever want to sell, let me know, because either I might be interested or a friend of mine might be interested, but I’d love to help you if I can. And if you’ve come across the house that would be a traditional wholesaler house, and this might be referenced as a house with deferred maintenance, or it’s got some major structural issues, or it’s just full of stuff and it’s not really equipped for being photographed for the market. The reason wholesalers exist is because they are a viable option for somebody in a, in a pinch. But what if you are their other viable option? What if you go to them and say, look, you’re getting letters from a million people out of town. I’m down the street.

[36:43] Can I help you? I would love to get into the market, but I’m struggling. You’d be surprised how many opportunities are out there if you’d lean on your own humanity. Yeah. Yeah. And then, and when you talk to people that, you know, are in a, in a tight spot, I mean, you can offer options. You can offer, if you aren’t looking to invest as well, you know, you can say, look, you’re probably going to get the most money if you are going to take the time to get your house ready put on the market. That’s going to be probably the best option for you financially. But if, if you really need for other reasons, need to just leave and, and there are those situations that you might be able to help them in that way as well. And if you’re being honest and you’re telling them exactly what, you know, what the options are and where you could get your real money for, like there’s, there’s nothing wrong with that. If they just need to, they can’t have showings, they, you know, have a ton of repairs that they can’t afford to make. There’s a lot of different reasons where they’re facing foreclosure and they need to close in two weeks. I mean, there’s all sorts of different

[37:42] reasons for wanting to, to take a less, less of a paycheck home and just selling it quickly. And I love that you focus on doing it in the most broad way possible, which is yes, there’s this option that requires ABC and there’s this option that requires XYZ. If you give people all the options, they have the agency to choose and you can sleep at night, but you don’t go talk to people and they never find out that you’re an option. That is when the bad actors swoop in, never tell them about the retail market option, never give them that exposure. Well, that’s why people get mad later when their house gets flipped for great money because nobody told them that that could have happened. And let’s just be honest, if they’re going to go that route anyway, I will bet you dollars to donuts. They would rather it be a local person who’s making it happen than some out of town or hedge fund backed investor club. They would rather work with you. 100%. One other question I have for you is how do you see AI helping and hurting our business? Well, the thing that helps me about AI is that it proves how right I am all the time

[38:53] because it’s so wrong. That’s another reason I love Zillow. So I do love to pull stuff up in chat GPT and say, what do you think about the real estate market? My, ha ha, you’re wrong because I’m spiteful like that. But for me, I will get it to help me pull information together, give me some resources, and then I will go double check. You just have to know when you pull AI as a resource, you cannot rely on it because I’ll tell you a little factoid you people might not know. Did you know that 61% of chat GPT’s data comes from Reddit? The official dumpster fire of the internet is where it gets its resources. And now y’all know why you got to fact check it. But that being said, it’s a great tool. And I’m not scared of AI because it can’t replace me because as a human, I’m going to react with humanity to the buyers and sellers who choose me because every seller has a different story, a different need. You just mentioned timeframes versus money. It’s a human that helps them work through what the options are. AI might say, yes, you could do ABC and they might say it in your voice, but it’s not the same thing as you talking to them and working

[40:08] through it. There is so much power to who you are. And if you take this as the tool that it is, you’ll be fine. Now, I have called it the instrument of the devil in the past, and I probably stick by that to a large extent. So I have to be thoughtful about my uses of it because I do think what it’s changing in real estate is it’s adding to the level of laziness with agents. Because they’re using it to write their descriptions. But chat didn’t go in the house. What are you doing? You went in the house. You know that the flow goes like this and that there’s this cool feature and this cool feature. And yes, it might see it in the photos, but it’s not going to be able to say to the seller, what was your favorite thing about this house? And you could spotlight that in your listing. I don’t want us to lose that touch that we’ve had to help our seller showcase their home so that a buyer can fall in love with it. Because at its heart, and I can’t stress this enough, real estate is a huge financial transaction. And the whole thing is wrapped up in emotion.

[41:13] Chat GPT has no emotion. So if you allow AI to take the emotion out of real estate, you’re damaging the buyer and the seller and yourself. And then frankly, we hurt our communities because it’s so hard to dial in when you don’t understand humans. So the good thing about AI, I think it’s going to weed out for us pretty quickly. Because I think the public has figured out now the M dash is a sign that you wrote it in chat. They’re figuring out some of these little tips, all the emojis. We know you use chat, go ahead, whatever. But I like real. And real is going to be easier and easier to spot, which means I’ll just stand out above my competition all day long. Yeah, that’s a good point. And I think also the more you maybe replace yourself in the business, the more likely we are going to be replaced.

[42:09] You don’t give the farm away, people. Come on. Well, let’s move into, I mean, we could probably talk for two hours, but I know your time is very valuable. So let’s go ahead and move into a golden nugget. I know that you’ve already given one, you’ve given a hundred, but do you have any other ones you want to share? Well, my golden nugget is actually a three-parter because the way to get your business under control and get your life management balanced out a little bit has to do with one phone call, but three of them. So three one phone calls every single day, except for Sunday or whatever day you take off. For me, I don’t work on Sundays. Every day, call us somebody that is a past client, future client prospect. Call one. And for those of y’all that don’t know what to say, here’s what you say. Hey, it’s Lee Brown with One Community Real Estate. How are you? Although you should use your name.

[43:01] I was just calling to check in, see if you had any questions about anything real estate. That’s my, that’s my script. And then if they read a headline, they’re stressed out. They can ask a question. They might ask me what color is popular now. They heard agreeable gray is out and we all celebrated. And so they’re, they’re going to ask a question. They might say, I’m good. We’re not moving. What you doing? I’m like, ah, you know, I’m just kind of beating the bushes. You know, anybody, I mean, you can be so relaxed with people who know you that’s one a day. You do not have to do an hour of power because none of y’all are going to do it, but you can make one phone call. The second one phone call I make is going to be about money. And so I’m going to talk to my lenders. What’s out there?

[43:38] Down payment assistance. If I talk to somebody who’s ready to buy their first investment property, what are we looking at? A point difference? How much down are we talking? What if it’s tenant occupied? I’m going to gather some dollar information on investments because I love investment properties. And it’s the fastest way to deal with your business, by the way, if you sold a house to Bob and then Bob and Jane move in. Well, a year from now, Bob and Jane get a raise at work. Do they want to use the bonus and buy a beach property? I’m going to talk to them about it, but I need to know the nuts and bolts of the finance inside because that’s changing all the freaking time. And then the third one phone call I make is to somebody I love, whether it’s a family person or a friend person. Today, I talked to one of my dear friends at about six o’clock in the morning because he’s always up and I love him. So I just called to check on him and his husband and see what they’re up to.

[44:26] And how’s life? And that fills me up so that I can learn and then I can go meet new people. But if you’re empty, you won’t retain any information and then you won’t call any prospects. And if you call the prospect first and they stump you, you won’t call to learn and you won’t call anybody you love. So get your life in order with three phone calls a day. I love it. That’s great tip. And yeah, AI can’t do that. I mean, it can, but it won’t be the same. We have the same thing because they don’t know everybody’s backstory. I know it all. Maybe that’s the advantage of being Gen X. My whole life is not on the internet. So I do feel sorry for my kids and the other Gen Zs because y’all got zero secrets. So AI is more trouble for you than for me.

[45:16] Absolutely. Then I want to ask if you have a favorite book that you think everybody should read, like a fundamental one, all agents to look into, or just one that you currently really enjoy. Well, I’m a book nerd. I always have about eight books going because I’ll read a different book based on what mood I’m in. My number one book of all time is the Bible because it’s business advice, life advice. And every time you read it, something different is going to jump out at you. But my all time favorite book that is not the Bible is Atlas Shrugged by Ayn Rand. If you’ve never read that, I know it’s intimidating because it’s like 1200 pages long. She was a Russian emigree. And what she talks about in these books was her personal philosophy known as objectivism, which I don’t agree with a hundred percent because spoiler alert, y’all, if you think you’re supposed to agree with people a hundred percent to call them human, you’re the broken one. But I love her ideas. And she talks about one of the fundamental things that she says is that if you think something is contradictory, check your premises because contradictions don’t exist. And I think that’s very important to

[46:21] consider in the social media world where you hear this and you heard that instead of finding out for yourself, it’ll get you regrounded, but also give you a solid sense of concern for why we turn over so much of our personal power to elites in any regard at all. And then from a business standpoint, if I’m going to recommend one business book, well, actually I could recommend a million business books, but actually that’s a really good one I’ve read called the one page marketing plan. Have you ever read that one? I haven’t. No. It’s so good. So it’s a pretty fast, easy read. And since realtors are inherently marketers, but they don’t always remember that because they’re copying other people’s stuff. It’s a way to make you think about the people that you serve and also look at your KPIs. Cause I found a lot of realtors never look at their KPIs, which is pretty dangerous stuff. And as a key performance indicator, by the way, where’s the cover of the book, Alan Dibb, the one page marketing plan. I must’ve read this once a year for the last several years, just to get my brain right. When it comes time to get back in touch with my past clients and keep

[47:27] my mindset fresh, because I might not be number one anymore, but I just want to make sure my phone rings enough to pay the bills and do what I want to do. Honestly, like anybody that wants to be number one forever, but it sounds exhausting. I mean, you can’t spend it at a certain point. One of the interesting truths about real estate is that if you make it to the level you’re wanting and you are minting money, you will find out that you have no time left to spend it. And that’s not really a life worth living. So you got to figure out what it takes to fund your life and then figure out how to make sure life happens along the way. I love it. So when everybody that hears you talk, wants to hear more of you talk and wants to follow you on social media, where can they find you? Also, you wrote a book as well. You’re an author. I’ve actually got three books and number four is coming out in the next month or so. So the first book came out in 2016. It’s Outrageous Authenticity. There’s Seven Deadly Sins of Sales. And then my COVID era book called Peeling The Onion. But the next one is Next Is Now. And we’re in final edits. So hopefully sometime in

[48:39] October, that’ll be hitting. And I’m super excited. But I’m on all the social networks. I’m Lee Brown or Lee Thomas Brown. That’s my maiden name. But if you see that you’re getting a private message, want you to go to Telegram and buy crypto, that is a scammer. That’s not me. I don’t do Telegram. And so make sure you’re reading the handle. There’s no extra S’s or an extra T because holy crap, I am eat up with scammers. But Lee Thomas Brown, L-E-I-G-H, like a girl, not like a pair of pants. And so come follow me and I’ll do my best to encourage you and be a resource in any way that I can because at the core of it, I love what we do and who we do it for. And this is why our country has always been so strong. And this is what must be preserved.

[49:25] I love it. Well, thanks so much. It’s been an amazing conversation. I really, really appreciate you being here. Oh, it’s a pleasure. Thank you for having me on. Thanks for listening to the REI Agent. If you enjoyed this episode, hit subscribe to catch new shows every week. Visit REIAgent.com for more content. Until next time, keep building the life you want. All content in the show is not investment advice or mental health therapy. It is intended for entertainment purposes only.