real estate investments - "Real Estate Investing As A Team Sport"

The most successful investors have a teamwork mentality. Think of real estate investing as a team sport. The more you surround yourself with people who have resources, knowledge, insights, and relationships you don't have, the more money you will make.

The advantage of playing on a team is that the whole team wins when one player makes a goal. Compare real estate investing to a team sport, such as soccer. In soccer, teamwork means that you pass off the ball if you are not in position to score the goal. When your teammate scores, you also win.

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.

Let's be specific about how this idea of teamwork applies to real estate. What if you want to buy a particular property, but you don't have enough money or credit to buy it yourself? If you are limited to using your own resources, then the deal is not possible. You simply can't buy the property.

With an investor teamwork mindset, you say: "I can't afford to buy this property, but I know people who do have the money to buy it."

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.

The point is that there are many different roles you can play, just as you can play different positions on a soccer team. You can play in the offensive line. You can play defense. You can play the goal. You pass the ball around until someone can make the shot and score the goal.

If you understand that you're part of a network of investors, and that somebody has the money and can make it work, then it's not all up to you. You're not clawing your way up to the top of the mountain.

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.

Article Source: http://www.realestateinvestmentarticles.net

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