Wherever you are in the process of building a company (real estate or otherwise), it’s important to consider your exit strategy.
Because even if you don’t plan on selling your business anytime soon, that pushes you to eliminate yourself from the day-to-day and move into what we call the owner’s box.
So, what does it look like to position your company to sell? And how do you benefit from building a business that runs without you?
Ross Hamilton is the former CEO of Connected Investor, the real estate technology platform he scaled and sold to Fortune 100 Company First American.
Today, he is planning a mountain biking trip to Peru and building Saving Homes, a nonprofit that is disrupting affordable housing.
On this episode of Financial Freedom with Real Estate Investing, Ross joins us to discuss how he positioned Connected Investor to sell and why First American was the right buyer at the right time.
Ross shares what he learned in ten years of scaling Connected Investor and walks us through his ‘lifeboat strategy’ for transitioning into the next chapter of your life.
Listen in to understand how Saving Homes is helping people leverage real estate to escape poverty and get Ross’ advice on architecting an exit strategy for your real estate investing business!
What inspired Ross to build Connected Investor
- Solve his own problems
- More people in network means more money
What problems Connected Investor addressed
- Began as social network for real estate investors
- Eventually added funding and finding deals
How First American is using Connected Investor
- Access to data
- Stay in front of customers
First American’s vision for Connected Investor
- Streamline closing process
- Connect dots among data, i.e.: find motivated sellers
How Ross thinks about pivoting a business
- Build audience first, then stack products
- ‘Solve one problem at a time’
What Ross learned from running Connected Investor
- Position to sell and move into owner’s box
- Build relationships with potential acquirers early on
How Ross thinks about moving into his next chapter
- Take time off and replace goal line
- Move into nonprofit space
Ross’ work in the affordable housing space
- Real estate = #1 way out of poverty
- Saving homes of single parents in foreclosure
How Ross’ definition of success has changed
- Always driven by numbers and competition
- Moving from income to impact
Connect with Ross Hamilton
Email [email protected]
Connect with Michael Blank
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