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b'Eric Chadderon shares his story of building a successful real estate investment team with his family. He dives deep into the importance of understanding each person\'s roles, setting guardrails to protect the family relationship, and having an education platform to propel you in the right direction. He emphasizes that having a solution-oriented mindset, thinking positively, and pushing through tough times are critical factors in succeeding. Eric also shares advice for those considering going into business with their family members and how to draw the line between business and family time. This conversation offers critical insights into the importance of education, building a solid team, and having the right mindset for success in real estate.\\n\\xa0\\n[00:01 - 06:40] Building a Team to Invest in Real Estate Together: Eric Chatterton Shares His Process for Successful Family Investing\\n\\xa0\\nEric was inspired to invest in real estate after seeing his parents work long hours and self-manage multiple properties\\nEric believes in getting an education and surrounding yourself with people that are actively doing it\\nHis family is now part of his multi-family team, helping with asset management\\nThe biggest mistakes Eric\'sEric\'s parents made were the size of their investments and the market they chose to invest in\\xa0\\n\\xa0\\n[06:41 - 13:27] Building a Team and Overcoming Adversity: How One Real Estate Investor Achieved Success in Multi-Family Investing\\nHow Eric started building a team to become an expert in the real estate space\\nFamily members were brought into the group with different skill sets\\nThe team consists of five members and has acquired seven multi-family buildings together\\nUnderlying factors for success include past performance, belief in oneself, grit, and a solution-oriented mindset\\n\\xa0\\n[13:28 - 19:59] Balancing Family and Business: How to Separate the Two in Real Estate Investing\\nDeveloping relationships with sponsors to increase the strength of the team\\nSubmitting offers and seeking feedback from brokers\\nHow Eric started with a lack of confidence but grew as they learned from each experience\\nUnderwent a process of underwriting and due diligence before submitting offers\\nIt took seven months to close on the first deal, but ten days for the second due to the new approach\\nJohn C. Maxwell\'sMaxwell\'s book "Failing Forward" teaches how to shift your mindset and seek out failure for growth\\nFinding the balance between family life and business is a constant battle\\n\\xa0\\n[19:59 - 25:59] Investing in Your Spouse: How Eric and Savannah Changed Everything with a Bold Stance on Family Time\\nEric\'s wife, Savannah, made a firm stance that family time should be kept separate from business time\\nMutual respect and communication are critical to a successful partnership\\nEveryone should stay in their lane and trust each other\\nInvestment in one\'s spouse is essential to support their goals and dreams\\n\\xa0\\n[26:00 - 33:23] Closing Segment\\nBest investment: Eric\'s wife and team\\nWorst investment: hemp farm\\nMost important lesson: communication and transparency\\n\\xa0\\nConnect with Eric through LinkedIn, Facebook, or visit www.GibbysCapital.com.\\xa0\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.\\nJoin our Passive Investor Club to access passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.\\n\\xa0\\nQuotes:\\n\\xa0\\n"The ability to push through adversity is probably the number one thing because it\'s not all sunshine and rainbows. This is a tough business, and you need to make sure that you\'re fully prepared, and you\'re educated the right way." -'