Interview with Hector Mendoza

Hector Mendoza Jr. Bachelors in business, Project Management, Real Estate Agent, Licensed Contractor and entrepreneur. A smart and driven individual who has a vision to improve his industry, for better community.

How did you get started in the real estate industry?

I started as a Real Estate agent in 2003. I was always interested in property ownership so I began with obtaining knowledge in this industry and then took the state test to apply for the state license from the department of real estate. I started in this industry because I liked it and I was able to stay in this industry because I became good at it.

What was the most difficult part about getting started in this industry?

I had no Idea where to begin. To get started you have to have direction. Once you investigate and understand what the process is, all you have to do is follow the steps.

What sacrifices have you had to make to be a successful entrepreneur?

We must step out of our comfort zone. Before I took this route in my career I had a job that paid steady income every other week, which was very comforting. When I remember of this decision I remember One of my favorite quotes from MLK “nothing worthwhile is gained without sacrifice”. Working 60 hours a week , Less friendships, less personal time, these are all things which I needed to sacrifice in order to be where I am today.

How competitive is the real estate industry and how can you compete effectively in it?

We all here of the many people in the Real Estate industry and how it is extremely competitive. Well, although it is true that it is competitive and that there are an extreme amount of people trying to profit in this industry not everyone is capable of doing a good job in their endeavors. I am a real estate agent and when me and my broker go meet people who are trying to list or sell their home we usually do a good job and take that business over any other agent who meets with these potential clients. This is because we are knowledgeable, we understand what is needed to sell that home and we rely it correctly. A licensed Real Estate agent doesn’t always understand what is needed in order to get the client what they need. So understand that Yes, it is competitive but don’t think that everyone with a License from the Department of Real Estate is your competitor.

How do you effectively recruit people in the real estate (an industry known for relatively high turnover)?

When looking for real estate investors they want to see you experience and your past accomplishments. A portfolio showing my previous project of home renovations as well as the Net profit for each project would be the factors to decide if they should venture in a investment/flip with RDI or not.

What has been your most satisfying moment in business?

If I represent someone in a real estate transaction it would be perfecting the transaction and making sure my client is happy with the outcome. In Real Estate when a client is happy with a home purchase for example, They feel they are in debt to you. When I, their realtor finally hands them the keys they are extremely grateful and I feel great because it was my doing. When I purchase a home to renovate and sell for profit there are two very satisfying moments. 1.) when I can compare the before and after of the renovated property 2.) when that paycheck comes in and my profit is as expected if not higher. Relationships, There are many more relationships to manage. Vendors, clients, finance people, legal people, advisors, committees, ect.

What do you think is the major difference between entrepreneurs and those who work for someone else?

There are many major differences when I think about these two options. Self discipline, Although when you work for someone you do need to have self discipline to accomplish things a entrepreneur need to do things despite the fact that he has no one to hold him accountable. A entrepreneur must have that motivation to get things done. Relationships, There are many more relationships to manage. Vendors, clients, finance people, legal people, advisors, committees, ect.

What is your favorite aspect of being an entrepreneur?

Being able to look back and see the accomplishments. Realizing that was my doing. I like to be a leader.

How did you finance your business during the beginning stages?

I started from the bottom with nothing and began to WORK at my goals. With my real estate license I began to represent people interested in buying or selling there homes. I began to save a percentage of my commissions and 4 years later me and my first investor, my real estate broker purchased a home to flip. I began to flip houses with him, saved 100k and started a actual corporation, RDI.

Walter Chrysler once said “I feel sorry for the person who can't get genuinely excited about his work. Not only will he never be satisfied, but he will never achieve anything worthwhile.” What are your thoughts on that quote?

I agree with this quote. At the same time I think that you don’t have to love your job from the start. You must learn your job, be good at it and then you will learn to love it and your achievements.

Donald Trump once said “When I started out in business, I spent a great deal of time researching every detail that might be pertinent to the deal I was interested in making. I still do the same today. People often comment on how quickly I operate, but the reason I can move quickly is that I’ve done the background work first, which no one usually sees. I prepare myself thoroughly, and then when it is time to move ahead, I am ready to sprint.” What are your thoughts on that quote?

I like this guys style of business. Many people tell me that I make decisions to quickly but they might not understand it the same way I do or see it the same way. Once I have decided on something there is no looking back, I will take the next step.

Henry Ford once said “Failure is the opportunity to begin again, more intelligently.” What are your thoughts on that quote?

Love this quote. Don’t let failure stop you, your that much closer to success. When I first started real estate all I could do was Cold Calling, which is making phone calls to random people asking if they are interested in buying or selling a home, on average 200 people would say no before someone would say yes. When they said yes I felt it was worth the 200 people who said no.

What do you do in your non-work time?

I get involved with other companies like Unified People, A premium clothing line. I like extreme sports like white water rafting and paintball, anything to get my adrenaline up. Family is very important.

Company Description:

A Real Estate Investment company with the knowledge to asses and perform the trade of home Construction as well. As a Licensed real estate agent I have the experience and knowledge of buying and selling homes in the greater Los Angeles area. Also, As a licensed Contractor I will make sure our renovations meet all state and federal guidelines. RDI will be a environmentally conscious real estate development and investment company. RDI will include a advisors committee made up of professionals such as an Attorney at Law, Real Estate Broker, veteran construction company owners and an engineer. Ultimately, My goal is to create a “green” company that will promote environmentally conscious building as well as contribute through community development/improvement projects and the creation of jobs and, of course be profitable.



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