#361: Peaks and Valleys of Entrepreneurship: How the Reilly Brothers Sold $250M Worth of Real Estate, Went Broke, and then Sold $75M Worth of Golf Carts in 45 Days

In the dynamic world of entrepreneurship, the tale of brothers Robin and Colin stands out. Their story, deeply embedded with resilience, adaptability, and the pursuit of opportunities, serves as a rich source of wisdom and inspiration for burgeoning entrepreneurs. Their journey, which spans from truck accessories to real estate, then electric vehicles, is a testament to the rewards of entrepreneurship and the value of staying grounded despite life's uncertainties.

Robin and Collin weren't your typical business-oriented individuals. Yet, their entrepreneurial zeal became apparent early on. In 1999, Robin and Collin capitalized on a unique business opportunity – the golf cart market. Driven by a $10,000 tax credit offered by the state of Arizona, they successfully sold golf carts to high-income individuals, netting a substantial profit. Throughout their journey, Robin and Colin emphasized the importance of living intentionally and staying grounded. They highlighted the need for financial planning and retirement preparation, even sharing their unique strategies for business and investment.

//WATCH THE INTERVIEW ON YOUTUBE: Intentional Growth™ Podcast

What You Will Learn

• How far a strong entrepreneurial spirit can take you
• Robin and Colin’s reliance on their resilience and adaptability on their journey
• The importance of recognizing and seizing opportunities
• How you can emphasize living intentionally
• Their unique financial planning and investment strategies

// USE YOUR FINANCIALS TO CLARIFY A PATH TOWARDS A MORE VALUABLE BUSINESS: Intentional Growth Financial Assessment

Bio:

Rob Reilly is the co-founder and CEO of Townsend Kane and has been investing in real estate for over 20 years. Rob oversees the construction division with 20+ workers and subcontractors and applies a creative and innovative approach to investing in real estate. Rob earned a degree in Finance from Baylor University in 1993 and has lived in Tucson ever since.

Colin Reilly is co-founder and President of Townsend Kane and has been investing in real estate for over 20 years. A native Tucsonan, Colin loves his hometown and has built an exceptional team of professionals who strive to bring creative solutions to complicated real estate problems. He has purchased over 1,000 single-family homes with a total value in excess of $250m and manages the acquisition and disposition activity for the firm. Colin earned his degree in Marketing and Entrepreneurship from Baylor University graduating in 1994.

Interview Quotes:

26:05 - “I think there's nobody better at executing in sales than my brother. Like it's accurate. I mean, he's phenomenal at it. And Rob's a guy that stands at the bow of the ship, you know, with his telescope, you know, searching for distant destinations that nobody else has in their sights.” - Colin

37:47 - “I think, looking back, I would not be where I am today without going through [those hardships].” - Colin

38:05 - “You don’t grow when you’re killing it. You really don’t.” - Colin

40:12 - “I would say that it’s the realization that, ‘If we’re never successful again, it’s okay.’ They can’t eat me. My family, my kids, the things that matter are going to be okay.” - Rob

43:27 - "We know free sells, free sells." - Colin

56:23 - “It was a case study of ‘anything that could go wrong, went wrong,’ and it was absolute fun and perseverance watching everybndy shine.” - Colin

56:53 - “Colin’s often said that it was really like building an airplane while you’re flying it at 30,000 feet up in the air.” - Rob

1:02:30 - “[Some of our foundational principles include] the recognition that everybody goes through it. Either you’re coming out from the storm, it’s the calm after the storm, or a storm’s brewing in life. [...] I think it’s an eternal perspective. It’s the recognition that life’s a marathon, not a sprint.” - Colin

1:03:29 - “In life, things that you think are going to satisfy you, really dont bring fulfillment.” - Rob

1:04:28 - “Most people don’t know their purpose.” - Rob

Links and Resources:

Townsend Kane

Intentional Growth™ Vision Board

Intentional Growth™ Online Training

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