While many of today’s real estate investors are suffering from this massive, global economic meltdown that’s causing unemployment to rise to at least 10% by this fall, bank foreclosures to skyrocket and prices in most real estate markets to fall more than half from their peak, my students are making 6- and 7-figures with real estate investing syndication.
For example:
o My client, Jay Redding syndicated his first commercial real estate property in Indiana earning his investment business an immediate $250,000.00 in cash and equitable profits.
o My client, Certified Financial Planner, Michelle Agar syndicated her first group of 5 investment properties in Edmonton, Alberta, earning her $269,000.00 in profits.
Want to know how they’re making extraordinary profits in today’s real estate “Perfect Storm” of opportunity, and how you could do the same?
6 Elements A Real Estate Investing Business Needs to Make Extraordinary Profit Gains with Less Than a Part-Time Effort
Profit-making element #1: Vision and Planning
You need to understand that your investing business should be treated like you would for your own baby in the beginning and it should be nurtured as such. I don’t believe that any parent in their right mind with a newborn child says, “I’m going to walk away from this baby and leave it to fend for itself without any help and check up on it every few weeks or months. Then I’ll see if it has fed itself, changed its diapers, growing strong and operating with positive values and ideals.”
If they did this, their baby would die. Yet, I see one investor after another doing the same thing with their businesses and then they wonder: “what in the world went wrong.” They failed to plan. They failed to create a vision. They failed to implement proven business systems. Anf finally, they failed to focus their efforts on launching and nurturing their business so their investing business will be ready for more independence in the future.
Profit-making element #2: Specialized Knowledge
As an investor you need to know how to find, finance, hold and flip deals. You need to know negotiation strategies, NLP mind tricks, what’s-working-now techniques, real estate contracts, and how to adapt to opportunities in more than one marketplace, using more than one investing strategy. And, if you don’t have these specialized skills and knowledge then you need to find one or more partners that have the resources, skills and knowledge to help you close more deals. That’s what real estate investing syndication is all about. It’s the ultimate Joint Venture investment business.
Profit-making element #3: Applied Strategies
There are very specific strategies that you need to know in order to:
o Set up an organization that generates huge profits on its very first transaction
o Position yourself as a syndication expert so more people want to work with you
o Create and generate profits 8 to 12 different ways on every deal
o Deal with the legal ins and outs
o Finding the perfect syndication partners
o Leverage your knowledge into massive wealth
Profit-making element #4: Mentorship and Advisors
My real estate investing syndication business generated over 3.2 million dollars in equity and cash profits within its first 93 days. In 26 months we had transacted over 14 million dollars worth of real estate across 5 markets in North America.
I credit much of my success to Research in Motion’s CEOs Mike Lazaridis and Jim Balsillie. Working under two of the world’s most prominent self-made technology billionaire face-to-face for four years certainly helped me hone my business and relationship skills fast. Remember, behind every successful entrepreneur is a mentor that has helped guide he or she in the direction they want to go.
Profit-making element #5: Strategic Partners
When you become a real estate syndicator and partner with other investors who have money to invest in the market you:
o Build a formidable reputation
o Do more deals by leveraging this concept
o Create a fortune for yourself without using your own money
o Become a major player in the market without risking any of your own capital
In other words, when you transform your real estate investing business into a syndicator, you create a win/win/win for everyone involved.
Profit-making element #6: Systems and Processes
Once you have launched your real estate investing syndication business and put the right systems and processes in place, you can work part-time from your laptop and Blackberry. Re-inventing himself as a real estate syndicator, with just 10 hours of effort, Robert Beagle closed his first real estate deal and made over $61,000 in profits on a property he had never seen!
As you complete more transactions and learn to master systems and processes you’ll be able to put your business on autopilot and complete even more deals in less time.