1-on-1 with Mark Skowron: The Mindset Every Real Estate Investor Needs

In this episode of 'Investor One on One,' we sit down with Mark Skowron, a seasoned real estate investor and the founder of Festival Properties, a leading company in the Chicago real estate market. Mark shares his 15-year journey in real estate investing, starting with bandit signs in 2010, and highlights the importance of mindset, patience, and resilience. He discusses his strategies for identifying investment opportunities in Chicago, building trust with home sellers, and navigating the competitive and ever-changing real estate landscape. Mark also provides valuable tips for both new and seasoned investors, emphasizing the importance of becoming 'battle-tested' and how to overcome challenges through a positive mindset and long-term vision. Tune in to learn insightful strategies, motivational stories, and practical advice from a real estate industry leader.

00:00 Introduction to the Podcast

00:22 Mark's Journey into Real Estate

01:14 Early Challenges and Learning Experiences

04:22 Mindset and Overcoming Failures

05:23 Investment Strategies in Chicago

10:25 Finding Motivated Sellers

12:48 Building Trust with Sellers

16:04 Memorable Deals and Lessons Learned

16:35 Navigating Complex Deals: A Patient's Game

17:39 Handling Difficult Clients: Strategies and Stories

19:58 The Importance of Patience and Persistence

20:45 Daily Mindset: Helping Others First

21:22 Managing Stress and Challenges in Real Estate

24:31 Future of the Real Estate Market

29:38 Advice for New and Seasoned Investors

32:17 Books and Experiences That Shape Success

34:02 Connecting with Mark and Festival Properties

About Mark Skowron