A teamwork mentality separates the most successful investors from investors who struggle to do it on their own. Imagine that you are playing on a team when you invest in real estate. The people on your team will provide what you don’t have, including special resources, knowledge, and relationships. What is the result You will be more successful and make more money than you would on your own.
If you consider real estate investing as a team sport, you will see the advantages. Think of a team game, such as soccer. What happens when you are in a bad position to score If you have a teammate in better position to make the goal, you can pass the ball. In a team game, when one player makes the goal, the whole team wins.
Compare the idea of investing as a team sport with the competitive model of success. Particularly in the United States, we have the model of the self-made man. (It is rare to apply the model to a woman.) The self-made man climbs up to pinnacle of success, stands at the top, and proclaims I’m now king of the world. It’s the competitive model of the top dog wins.
In contrast, consider Napoleon Hill’s MasterMind concept. The whole becomes more than the sum of its parts. Everyone becomes more successful by being part of a team. True success comes from surrounding yourself with like-minded people.
How does this apply to investing in real estate Say you want to buy a property, but you don’t have the money. If you have to use your own money, credit, and resources, you will say I can’t afford this, and that is the end of that.
When you think with an investor mindset, you don’t give up on the deal. Instead, you realize that you are part of a team with people who do have the money to buy the property.
One way to make money when you can’t afford to buy properties is to be a bird dog. A bird dog finds good deals and then points them out to investors who can buy them. Instead of making money by buying properties, the bird dog makes money by finding them.
Another real estate role is to be the deal maker. You can make money by arranging the deal. When you introduce the seller to an investor who can afford to buy, you can make money by being in the middle of the deal.
Another role is to be the one who buys, because you have money to invest. If you have the money and credit, a bird dog or deal maker can bring the deal to you.
A soccer team needs different players. My point is that real estate investing is the same. It needs different players, playing different roles. Your role can change. You can player different positions on a soccer team. You might play defense. You might play offensive. You might play in the goal. You might be the one who takes the shots. You might be the one who passes the ball.
When you’re part of a network of investors, you don’t have to climb up to the top of the mountain by yourself. You don’t have to do it all by yourself.
There are all kinds of people out there who are part of the real estate investor world who have specialized knowledge, money, and credit. The more you treat real estate investing as a team sport, the more successful you will become.
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