I Thought I Wasn't Ready To Aquire Rental Property (I Was DEAD Wrong & So AreYou)!
How To Acquire Rental Property Regardless Of Your Starting Point!
In Today’s Issue:
🔎INSIDER INSIGHTS: I Thought I Wasn’t Ready To Acquire Rental Property (I Was Dead Wrong!)
🤿DEEP DIVE: Five Key Inputs For A Successful Collaborative Real Estate Project & Why You Only Need ONE!
📝THAT’S A WRAP: Help Us Help You!
I Thought I Wasn’t Ready - But I Was WRONG!
As a real estate instructor and coach, I had always advised eveyone to acquire income producing assets - at the right time!
There is a problem with that advice:
For most people, the right time never seems to come (self included). I spent decades waiting for the right time. Until the point I started feeling that it may be too late. It took half a century and a financial meltdown for me to finally see the flaw in my thinking.
I’m here now to make sure it doesn’t take you as long as it took me!
What’s Preventing You From Acquiring Your First or Next Rental Property in the Next 90 Days?
When I ask people this question, I usually get at least one of five answers?
I don’t have enough money
I don’t know how
It’s too risky for me
I don’t have the time to deal with it
I can’t find any deals
Let’s cut to the chase. NONE OF THEM ARE TRUE!❌
Many of us think we lack some type of resource (money, time, knowledge, support, etc.). The truth is the only thing we lack, if anything, is resourcefulness!
Let’s take a closer look...
The Five Key Inputs Of A Successful Collaborative Real Estate Project & Why You Only Need ONE!
Skill (4 leadership skills to systematically execute a project plan)
Team (real estate agent, mortgage professional, contractor, escrow officer, etc.)
Funding (cash, line of credit, mortgage companies, private lenders, etc.)
Deal (real estate projects that meet a specific investment criteria)
Time (all collaborators contribute this to some degree)
Here is an overview of how I orchestrated a recent collaborative real esate project utilizing a method I developed called the Rental Property Mastery (RPM) Partnership System:
I personally brought the necessary skill to the project. I had also assembled a very competent team which consisted of contractors, title companies, mortgage professionals, real estate agents, insurance agents, and CPAs. They’re all not only great at what they do, but they understand the collaborative nature of our system. In fact, some of them are collaborative partners (RPM Partners) themselves.
The thing to keep in mind is that we ALL have the same objective even though we may have different starting points.
We also had a Landlord Partner and a Tenant-Buyer Partner participating with us in the project to provide the funding.
The Landlord Partner brought the cash for the down payment & closing costs and the Tenant-Buyer Partner provided the cash flow to service the debt during the holding period.
We all knew exactly what we were bringing to the table and exactly what to expect in return for our investment of at least one of the five key inputs.
Here is a case study of how it worked out:
Stay tuned to future posts for dates of upcoming free live streams and workshops that go into more detail on how you can plug in and acquire your next rental property - sooner not later!
IMPORTANT NOTE: In case you hadn’t noticed, even the tenant in this case study is creating wealth. We may have different starting points but we ALL have the same individual objective by design: to achieve “real” financial freedom in 6 years or less.
Two Key Takeaways:
Your ultimate goal is to develop your skill and become a Real Estate Collaborator because it’s the most valuable & scalable role of the entire system!
You only need ONE of the five key inputs (i.e. time) to acquire your next rental property! All four of the remaining key inputs can be leveraged with the right offer to the right collaborative partners.
—Be sure to attend upcoming free live streams & workshops to learn exactly how to leverage every resource you need.
Are you ready?
That’s A Wrap: Help Us Help You!
Was this useful (be brutally honest)? Have ideas on what We should publish next? Tap the poll or reply to this email. I read every response.