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Episode 23

A CONVERSATION WITH 
LANCE BULLEN

Available on Apple Podcasts, Spotify and YouTube

LANCE BULLEN’S JOURNEY TO SUCCESS IN REAL ESTATE INVESTMENT

Imagine going to a funeral of someone with major accomplishments in business and finance. Maybe they started the biggest company ever or was the wealthiest person on the planet.

 

But now imagine that during the funeral, there are no friends who share personal stories, or family members who talk about how much they loved the person. The only thing people talk about is how much money they made.

 

That would be the most depressing and unsatisfying funeral ever.

 

Lance Bullen, a founder of Colmena Group, shared this scenario with me on my podcast. Lance is one of the smartest real estate investors I know, and is currently working on some of the most impactful development projects anybody could ask for. But he works hard to make sure that isn’t what defines him.

 

Lance added,

“When I come home to my family, my kids don’t care that I landed a massive deal. All they care about is that I spend time with them and support them and be their father.”

Sometimes in the world of business, it can get easy to get caught up in the rush of making deals, getting good reviews, and making money. Which is why I love that Lance talked about how he is actively trying to pull away from that, and focus more on what matters in the long run, and what will be said at his funeral.

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LANCE’S REAL ESTATE INVESTING TAKEAWAYS:

Here are my 5 biggest takeaways from my conversation with Lance on real estate investing:

 

  1. If you can’t fit your business plan onto one sheet of paper, it’s too complicated.

  2. When it feels the most uncomfortable to be doing something, that’s probably when you should be doing it.

  3. Be disciplined in what works long-term, no matter the economic cycle. Don’t just go with the crowd.

  4. Every macro trend that occurs is like a tube of toothpaste. If you push on one side, the other will bulge. If you follow trends, you can make educated guesses on what will happen.

  5. Your job as CEO is not to make everyone happy. It’s to push forward the vision of the company, and then hiring people who fit that vision.

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