Scaling through Mentors and Partners with Scott Bower, Episode 69
Updated: Dec 3, 2020
Corporate America was not the route for Scott Bower. After a scary accident as a teen, he began detailing cars and launched his own car detailing company at the age of 17. His first business venture led him to his first mentor who offered him an internship and a job after college. However, he left that job and started his real estate career as a realtor, before developing a thriving wholesaling business and now apartment investing. Today, Scott is the founder of HBSB Holdings and hosts the #INVESTTHIS podcast, interviewing experienced and successful investors. On this episode, he shares his entrepreneurial journey, how he turns experiences into profits, an overview of the Phoenix market, and finding the right partners and mentors to scale your business.
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Key Market Insights
Originally from Iowa. Currently based in Phoenix
Worked in a car detailing company as a teenager. Leverage his learned skills to open up his own company at the age of 17
Identified the need for car detailing services during summertime in Iowa
Developed a relationship with one key client, who offered him mentorship and internship
Worked with his mentor’s logistic company before eventually creating his own path
Started off in real estate as a realtor at Keller Williams Realty
Closed $2.2 million during his first 12 months
Moved into the investment space, and became a full-time real estate investor in 2013
Founded HBSB Holdings in 2014
Phoenix Market gets affected by market changes fast
Phoenix has been a hot market since 2012 due to it’s low cost of living, geographic-advantages (near the coast, Colorado, and Texas) diverse jobs and industries, gentrifying infrastructures and developments
Host of the #INVESTTHIS Podcast, who interviews elite real estate investors
Currently, transitioning to larger investment opportunities including multifamily and commercial real estate
Tips on Transitioning to a Different Market: Partner with the right people, and expect to share on the returns
Finding the Right Partners: Meet various people. Get to know them first before deciding who to team up with
Hot sub-market: Des Moines, Iowa - strong population, job and infrastructures
Bull’s Eye Tips
Winning Your Market: Study and know what’s going on.
Tracking Market Changes: Look at the trend in the last ten years.
Daily Habit: Meditate for 15 minutes every day.
Traction by Gino Wickman
“You can’t put one foot in the water, and expect to be able to swim.”
"Don't be scared to team up with someone who knows how to do what you want to do"
Places to Grab a Bite
Connect with Scott
Phone: 480 331 4165