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Real Estate Investing As A Team Sport

When you think of investing as a team sport, you will have access to people who have all kinds of resources you don't have. They will bring insight, knowledge, and relationships to your team. If you want to make more money, do what the most successful investors do. Become part of a team.

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.

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.

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.

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.

You can be a "bird dog." A bird dog is somebody who finds a property and passes the information to someone who can buy it. The bird dog makes money by finding properties, not by buying them.

Another role is to be the person in the middle, the deal maker, who puts together the seller and the person with the money. You can be the deal maker who arranges the deal.

What if you do have money and credit to be able to buy property? In this case, you can benefit from bird dogs and deal makers who bring deals to you. You become the investor who buys the property.

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.

When you're part of a network of investors, you don't have to climb up to the top of the mountain by yourself. You don't have to do it all by yourself.

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: Free Content Articles Directory

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