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.

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.

In such a situation, an investor who is part of a team will say: With an investor teamwork mindset, you say: "I can't afford to buy this property, but I know people who do have the money to buy it."

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.

Another role is to be the one who buys, because you have money to invest. If you have the money and credit, a bird dog or deal maker can bring the deal to you.

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.

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.

Do you need enough money to invest in real estate? Discover how to "Partner For Profits" in a nomoneylimits.com/partnerforprofitsebook.htm ">real estate investing book about partnerships with like-minded investors. You can become a No Money Limits investor.
Don't reprint this article. Instead, reprint a free unique content version of this same article.

Article Source: http://www.wellnessarticlelibrary.com

Please Rate this Article

5 out of 54 out of 53 out of 52 out of 51 out of 5 

Not yet Rated