Damon Woodward on the importance of investing in yourself

Damon Woodward is a high-profile real estate investor and the CEO of Leadway Holdings Ltd. and Blackcard University. Damon’s most recent deal speaks of his success. In October 2020, Damon purchased three apartment buildings with a total of 81 units, closing the greatest real estate deal in the history of Remax in Manitoba.

It took Damon a few years to achieve this great deal and expand his business. Now, he is more than happy to share his strategy for scaling a real estate business successfully.

The first thing that Damon wants to point out is that, “People and systems are what allow you to scale your business.” Damon strongly believes that one has to carefully choose who they surround themselves with, especially when it comes to their employees.

Damon chooses every single person who works with him, as he believes this is crucial for success. Damon makes sure to assess every member of his team carefully to determine their strengths and weaknesses.

By doing so, Damon ensures that every team member is in the right position, can complete their tasks without any difficulties, and can build a successful career in Damon’s company.

“At this point, I’m quite aware of what I am good at and what I am not as good at, as well as what I enjoy doing and what I don’t enjoy doing. I have been able to find people I can rely on and trust in so that I don’t have to know everything,” Damon explains.

What is perhaps even more important than investing time and money in one’s team is perhaps investing in oneself. “The major difference between doing one deal and doing 12 deals is the mindset that is required.

Mindset is not something that people learn by themselves; it has to be taught to them by hiring people who have already been there. These people can walk us through the process and expand our minds.”

Damon prefers working one-on-one with coaches and he hasn’t shied away from paying for the best. “I have spent over $100,000 on my personal development over the last few years, and every time I put a dollar in, I get to pull several dollars out. Hiring a coach to work with one-on-one is very important if you want to succeed,” Damon explains.

Damon also completed two programs at Blackcard University, the country’s number one real estate training company. Blackcard offers numerous programs to its students, ranging from one-on-one coaching sessions to programs such as ‘MI5’ or ‘Millionaire in 5 Years,’ which guides aspiring entrepreneurs to making a million dollars over five years.

Damon claims that the secret to his success is education and being surrounded by a world-class team he handpicked. He works with numerous coaches and consultants who teach him how to scale his business very quickly.

In addition, Damon surrounds himself with the right people who can create adequate business plans and then execute those plans.

For more great tips and advice on real estate, make sure to follow Damon on Instagram (@damonwoodward3). Don’t forget to check out his YouTube channel, where he posts educational and daily-life videos regularly.