Realpreneur Principles

Everyone wants to do value add deals in multifamily real estate investing, but do you possess the three core traits necessary to be successful in a value add deal? In this episode, we are going to do an overview of the three traits that will help you profit from value add deals in multifamily, whether it'd be 5 units or 500 units.

This week on Realpreneur principles, I'm going to show you how the agricultural expression of not putting the cart in front of the horses can help you make more money, raise more money and ultimately build your real estate empire. Are you ready to achieve your objectives?

Every successful real estate investor and Realpreneur have access to is own braintrust. Do you? This week on Realpreneur Principles, I'm going to show you the secret necessary to becoming a truly successful Realpreneur.

This week on Realpreneur Principles I'm going to show you how to capitalize on the hyper locality of real estate to maximize your real estate investment portfolio.

You have to make sure you understand the area where you are investing and you have people who can help you in those areas.

The question of the day on Realpreneur Principles is : how big of a real estate empire do you want to build? Or do you just want to build a smaller empire but faster? Because alone you can go faster but together you can go a lot further!

The subject of the week is Prospecting. Prospecting is the bloodline of any real estate entrepreneur who wants to build a big multifamily portfolio. You need to have access to properties and deals that will allow you to attain your objectives and you partners objectives. As the CEO of your company, you can't spend all your time prospecting for properties. You have to build a system, a deal flow, that works for you.

As a Realpreneur, just like a startup entrepreneur, you have to ask for capital. You have to be able to raise money if you want to give yourself the tools to achieve success. To do so, you have to get over the fear of rejection!

Think of it as offering to a person an opportunity to make more money, a deal he would not be able to access normally by himself. Do not think of it as begging for help. The reality is that when you offer someone to invest in your real estate investment company, you offer this person a chance to profit from your talents, from your know-how and from your time. All things this person may not have and therefore the kind of opportunity he doesn't have access to.

This week I want to talk about hustling. I agree, to some extent, with what many coaches and gurus say about the importance of working hard, of hustling, of getting going, etc. Don’t just hustle for the sake of hustling; hustle intelligently.

It doesn't matter if you sleep 5, 8, 10, or 12 hours a night. It's what you do during the day, when you're not sleeping, that counts. If you want to be the CEO of your real estate investment company, you have to make sure that every minute you can devote towards building that business is put towards it. Focus on what matters.

Learning how to network efficiently is a must if you work in real estate. After all, networking is fundamental to the success of any real estate business. When I consider this fact, I’m always surprised by the number of developers, realtors, syndicators and investors who don’t take advantage of the incredible networking opportunities at their avail.

The problem is not networking itself, it's the way they network. They go for quantity: they signup to a whole bunch of meetups, the chamber of commerce monthly meetings and all events and conferences they can find. They spend tons of hours and money on these events and end up not actually talking and connecting with that many people. They don't get a very good ROI.

My experience taught me that you should choose your events. Choose quality over quantity!

I wanna talk to you about handshakes vs contracts. Both are extremely important when you're a Realpreneur or heading a real estate investment company. Obviously, contracts, for many reasons are a must. If you're building a business with partners or buying a property, you need to have a contract in place.

But sometimes handshakes are also very important. Because obviously, you're not gonna put everything under contract. If you are putting everything under writing, it kind of tells people you're not able to trust them!