Real Estate Success Through Teamwork

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.

This means that real estate investing is a team sport, like soccer. If you are in a bad position to score a goal, you pass off the ball to a teammate in a better position. If your teammate makes the shot, the whole team wins.

One of the enduring models of success is the model of the self-made man. (It's a model that is not usually applied to women.) In this model, success means that you did it on your own. The language of success for the self-made man is "the top dog wins." The image is that the self-made man climbs up to the top of the mountain, and proclaims: "I am the king of the world." This is the competitive model which is the opposite of a teamwork mentality.

The benefit of teamwork, in contrast to this self-made man model, is that the whole becomes more than the sum of its parts. The essence of Napoleon Hill's MasterMind concept is that you will achieve greater success by surrounding yourself with like-minded people, than you will by attempting to do it alone.

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.

In such a situation, an investor who is part of a team will say: 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."

In this case, you decide that you can be a "bird dog." The bird dog makes money by finding properties, not by buying them. A bird dog is finds good deals and then passes information to someone who can buy them.

You can also make money as the deal maker. You can be the person who puts together the seller and the person with the money and arranges the deal.

You can also be the investor. A bird dog or deal maker can bring a deal to you, and you can be the one to buy if you have money to invest.

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.

The idea of being part of team means that you are not trying to claw your way to the top, all by yourself. It's not all about you if you are part of a team. If someone else has the money, and can make it work, you are will also benefit.

The real estate investor world is filled with people who have money, credit, and specialized knowledge. The more you treat real estate investing as a team sport, the more successful you will become.

Article Source: http://www.real-estate-article-directory.com

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