Real Estate Investing As A Team Sport

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.

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.

So what's the point? The point is that a team sport, such as soccer, needs different players playing different positions. You can play different positions at different times. You can play offense or defense. You can score or you can pass the ball to someone who can score.

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.

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.financemanual.com

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