Welcome to the WealthBuilders Podcast where Karen Conrad Metcalfe and Troy Peterson discuss overcoming the fear of failure in real estate investing.
A successful real estate investor/business owner and WealthBuilders real estate coach, Troy Peterson shares his transformative journey from a struggling real estate agent to a successful property management business owner. He candidly discusses how fear of failure held him back for years and provides practical insights on overcoming self-limiting beliefs. Find out how your faith, listening to God’s voice, and seeing opportunities where others see obstacles, can propel you into success.
Join us to find hope and practical strategies if you are feeling stuck or afraid to pursue your financial dreams.
Click the player below to watch this episode, or listen on your preferred podcast platform!
More Resources
FREE Download – The Journey of Trust
http://wealthbuilders.org/journey_trust
WealthBuilders Conference 2026
Episode Show Notes
Faith, Desperation, and Real Estate: Overcoming Fear of Failure
Overcoming the Fear of Failure
- Troy Peterson is a beloved WB real estate coach with an extensive background in real estate investing and management.
- Overcoming the fear of failure is important in building wealth.
- Troy shares his personal journey of overcoming fear, starting as a struggling real estate agent.
Troy’s Early Struggles and Breakthroughs
- Initial struggles as a real estate agent included not owning his own house and fearing transactions.
- Mindset and past experiences shape your perception of success.
- Family business struggles and initial failures in real estate affect your mindset.
- Troy transitioned into real estate through a series of divine interventions and opportunities.
Transition to Fix and Flips
- A mentor helped with the transition from being a real estate agent to doing fix and flips.
- Mentors help with principles such as buying low and selling high.
- Mentorship gives encouragement to overcome fear and succeed in real estate.
- Troy missed some opportunities to work closely with his mentor, but eventually found success through his mentor’s teachings.
Building a Property Management Business
- Troy explains how he and his wife, Eileen, started their property management business.
- They bought a franchise with a special deal and later became independent.
- Their business tripled their number of properties during the COVID-19 pandemic.
- Strong policies and practices are essential during times of market uncertainty.
Market Conditions and Investment Opportunities
- Current market conditions need a focus on opportunities rather than fear.
- The market is cyclical in nature.
- Always buy low and sell high.
- Historical examples of wealth creation during economic downturns, such as the Great Depression.
- Focus on opportunities and do not be paralyzed by fear.
Overcoming Self-Limiting Beliefs
- Change your self-perception and overcome limiting beliefs.
- Prayer and meditation transforms your heart and mind.
- Listen to the voice of the Lord and don’t be swayed by negative influences.
- Change your mindset and see yourself as successful.
The Role of Faith and Desperation
- Faith and desperation can drive you to take action and seek God’s guidance.
- Develop a strong foundation in faith to overcome fear.
- Examples from the Bible are Joseph and Gideon, who were driven to their destinies through difficult circumstances.
- You need a new wine skin to take on additional responsibilities and risks.
Practical Steps to Overcome Fear
- Practical steps to overcome fear include paying attention to one’s self-talk and changing negative thoughts.
- Spend time in prayer and meditation to transform your heart.
- Use Scriptures to replace negative thoughts with the truth of God’s Word.
- Walk in the different levels of faith, from belief to conviction to fidelity.
