Follow the Money: The Strategy That Changed His Career
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About this listen
Welcome back to the Forward One Podcast, hosted by Paul Mark Morris and Josh Spitzen of Forward One Real Estate.
In this episode, we sit down with Derrick Smith, who built a $130M+ real estate career without a sphere, without family connections, and without shortcuts. Derrick shares how writing $30M in offers before closing his first deal shaped his mindset, why “following the money” changed everything, and how focusing on developers and off-market opportunities accelerated his growth.
We unpack the discipline behind consistent prospecting, how to underwrite deals like an investor, and why long-term commitment beats short-term motivation every time. If you’re serious about building a sustainable real estate business — especially in a challenging market — this conversation is for you.
*Derrick Smith*
Instagram: https://www.instagram.com/liveluxuryla
Website: https://www.coldwellbankerluxury.com/specialist/PDAMNSlX/derrick-smith
*More from Paul & Josh*
Paul: https://www.instagram.com/paulmarkmorris/
Josh: https://www.instagram.com/spitzenjosh/
Forward One Media: https://www.instagram.com/forwardonemedia/
YouTube: https://www.youtube.com/@forwardonepodcast
*Presented by Forward One Real Estate*
https://www.forwardone.com
Instagram: https://www.instagram.com/forwardonerealestate/
Timestamps
00:00:00 Meet Derek Smith
00:00:15 From Texas to Real Estate
00:02:26 Crushing It Fast
00:05:00 Finding a Niche
00:07:24 Off Market Advantage
00:10:09 First Deal Lessons
00:18:01 Deal Sourcing Playbook
00:28:23 Underwriting and Proformas
00:41:27 Many Paths to Success
00:41:54 Branding the Derrick Smith
00:43:15 Value Building and Negotiation
00:46:08 Fatherhood and Flexibility
00:49:06 Weekly Metrics and Accountability
00:54:39 Prospecting and Agent Collaboration
01:01:57 Goals Florida Expansion Investing
01:08:31 Decisions Lessons and Fire Round