4 Simple Steps To Complete Your First Rental Property Acquisition In The Next 90 Days🏠

WITHOUT Huge Down Payments, Perfect Credit, Or Heavy Time Commitments

Don’t Fall Into The Scarcity Trap

One of the biggest mistakes we make as investors is believing that we lack resources (i.e., money, credit, time, etc.) to acquire income-producing assets.

The truth is, the only thing we lack, if anything, is the awareness of other people’s problems;

If someone has a problem that we can solve, therein lies the opportunity for us to create the value that they want and exchange it for what we want.

“We Don’t Lack Resources - We Only Lack Resourcefulness”

Now is as good a time as any to introduce you to the concept of Collaborative Real Estate Investing!

We’ll start by answering the question, “What is Collaboration & what it’s not!

“All collaborations are partnerships, but not all partnerships are collaborations.”

A successful collaboration needs two things:

1. Two or more participants contributing separate but necessary inputs with a focus on producing one singular outcome AND

2. All of the necessary inputs to produce that one singular outcome

Be Sure To Close The Support Gap

Gaining clarity about which type of support is necessary to help you reach your next success level is essential:

Four Types of Support:

1. Education (seek to increase your knowledge)

2. Training (seek to improve your skills)

3. Coaching (seek to improve your mindset)

4. Mentoring (seek to improve your results)

Education is about gaining knowledge to achieve the outcome you desire. Training is about developing your skill in pursuit of your desired outcome, coaching is about improving how you think while pursuing your desired outcome, and mentoring is about improving your results from pursuing your desired outcome.

Pro Tip:

Knowing the difference helps you to ensure that you not only get the right support but you’re able to recognize quality support when you experience it.

PDAC: Four Steps To Your First Rental Property Acquistion

PDAC is the formula all collaborative real estate investors should engage to progressively increase our capacity and our ability to solve problems for other collaborative real estate investors to accelerate & consistently create wealth.

1. Position

2. Develop

3. Assemble & Attract

4. Close

Step 1: Position🥇

Position yourself for massive growth by creating a cash flow & credit profile optimization plan

Stabilize, protect & grow your cash flow in 3 steps:

1. Complete a simple cash flow statement to determine your net monthly cash flow and freedom number. Click here to get a free cash flow statement spreadsheet

   1. Be sure to save a copy to your computer when you open the google spreadsheet

2. Determine the amount of passive cash flow required to cover your living expenses
   (i.e. your tier-1 freedom number).

3. Build business credit of $50K - $200K (in 180 days or less) to…

   1. optimize your personal credit profile, if necessary and/or

   2. add to or gain access to seed money for real estate acquisitions

      1. Click here to watch a 3 minute video to see how it works.

Step 2: Develop🧑🏻‍💻

Develop your collaborative real estate acquisition plan in 2 steps

1. Choose a strategy

   1. Yield Play: an investment that meets your desired minimum return on investment on your money (recommended if you have money that needs to be parked and put to work), or

   2. Value Add Play: an investment that can be contributed to in such a way as to add value or force equity (recommended if you’re falling short of your financial goals within your preferred time frame)

2. Choose a plan

   1. Leap Frog Method

      1. acquire 4 single family rentals & transition to small apartment or real estate-business combo (recommended if you have $0 - $150K in seed capital)

   2. Grand Slam Method

      1. acquire a small apartment or real estate-business combo (recommended if you have $150k+ in seed capital)

Step 3: Assemble & Attract🧲

Assemble your team of strategic partners

Collaborative real estate investing involves both strategic (vendor) partners and collaborative (joint venture) partners.

Strategic partners may include your mortgage professional, escrow agent, contractor, real estate agent, etc. It now becomes necessary for you to listen, understand and become obsessed with the problems that your peers face so as to prepare yourself for step four: attracting the resources you need by offering them the value they need.

Attract the funding (collaborative partners)

Knowing which of the key inputs you possess gives you everything you need to acquire your next rental property - at any given time. For example, if all you have is time, invest that time to attract deals or funding (collaborative partners) for other people’s projects.

The same is true in the fact that possessing only one of the key inputs (skill) is sufficient to attract all of the additional key inputs necessary to consistently acquire rental properties until your portfolio is complete.

Your mission, as a collaborative real estate investor is…

1. Bring one or more of the 5 key inputs (skill, team, funding, deal, or time) to the table and offer it to a Real Estate Collaborator to collaborate on your first or next rental property (or flip), preferably within the next 90 days - OR

2. Cultivate the skills to become a Real Estate Collaborator yourself and orchestrate the attraction of all 4 of the additional key inputs to acquire your first or next rental property.

Step 4: Close🚀

Close & fund your deal to execute your exit strategy

At this point you’re staying in your lane and allowing your team to do what they do until it’s time for you to do what you do.

Repeat, repeat, & repeat until you reach your goal.

Pro Tip:

This can only be done (effectively) by collaborating to help other investors reach their goals!

Key Takeaway:

Together, there is no deal we can’t do. With the right system, the right partner(s), and the right offer - our businesses can’t fail!

Let’s GO!