Successful business people and investors start with specific niches and gain expertise in that area. The episode explains the process of selecting your real estate investment niche and how to select a target market. It's not as hard as people make it out to be.

Choose Your Long Term "Exit" Strategy

1. Rental
2. Lease Option (AKA Rent-to-Own)
3. Owner Financing

https://www.pauldavidthompson.com/mastermind/

Consider the Pros and Cons of Your Long Term "Exit" Strategy 

Rental

Lease Option (AKA Rent-to-Own)

Owner Financing

8 Step Process to Building a Rental Portfolio

1. Identify a source of capital (yours or someone else's)
2. Find deals
3. Buy at a discount
4. Rehab
5. Rent
6. Refinance
7. Repeat at scale
8. Retire

https://www.pauldavidthompson.com/mastermind/

8 Step Process to Building a Rental Portfolio

1. Identify a source of capital (yours or someone else's)

2. Find deals

3. Buy at a discount

4. Rehab

5. Rent

6. Refinance

7. Repeat at scale

8. Retire

The power of networking is immeasurable. The greatest benefit from my time as an investor has been the people I've met and the relationships I've made. Learn how a shy, wallflower like me with a speech impediment can land a guest spot on the biggest real estate podcast in the world. The secret is networking with an attitude of service. Level Up Your Life Mastermind CampFI South https://flytofi.com/

The power of networking is immeasurable. The greatest benefit from my time as an investor has been the people I've met and the relationships I've made.

Learn how a shy, wallflower like me with a speech impediment can land a guest spot on the biggest real estate podcast in the world. The secret is networking with an attitude of service. 

https://www.pauldavidthompson.com/mastermind/

Negotiating is communicating with a specific outcome in mind. This episode breaks down some simple techniques to get the other party to negotiate with themselves. I also break down a specific offer formula on how to set a "low anchor". These are the phases I'm working my way through as I talk to a seller.

1. getting permission
2. fact gathering
3. rapport building
4. confronting
5. anchoring
6. presenting
7. getting consent

Negotiating is communicating with a specific outcome in mind.

This episode breaks down some simple techniques to get the other party to negotiate with themselves.

I also break down a specific offer formula on how to set a "low anchor".

These are the phases I'm working my way through as I talk to a seller.

getting permission

fact gathering

rapport building

confronting

anchoring

presenting

getting consent

How the art of carefully crafted paperwork can help build rapport and an extra ally on your deal. It starts with the Purchase and Sale Agreement You can use your local State Form or use your own form. Craft by design and not by default.