Realpreneur Principles

After many years in business, you start to realize that the reason you're in business is because you wanna do things your way. You wanna be free, you wanna have fun and obviously you wanna make money right? But money is not the end of the all. You wanna make sure that you have money while also having fun and having the freedom to lead the life that you wanna lead. So what I'm talking about when it comes to choosing who to work with, there is this test that I like to use. It's called the "hmmm" and the "Eeew" test. I use it to decide: "Do I really want this person around me?".

As you acquire more properties, as you acquire bigger properties, you need more and more capital and you need it faster! And unfortunately, as you grow as a real estate investor you have to leave a lot of equity in the past deals that you acquired. Therefore, you kind of end up with a chicken and egg problem where you have access to better and bigger opportunities but you actually have less and less cash even though your net value is a lot higher!

As a CEO, we think about our mission, our values, where we wanna be, when and how we wanna get there. Then we decide what tasks need to be done, get there why they need to be done and by whom. Finally we have to actually delegate those tasks. Now delegation is something that is extremely complex. Many people have run companies for many many years and still have troubles doing it.

It's gonna take time. Be patient with yourselves and understand that you're not gonna be masterful at delegating tomorrow morning. but that doesn't change the fact that you have to start delegating as fast as possible if you want to fast track your real estate investor career.

As the CEO of your Real Estate Investment Company, you will have to scale your organisation. Scaling is about building teams and bringing people together to create a community of success around a common goal and a common vision.

Something that is so important is hiring slow and firing fast. Most of you have probably already done this mistake of hiring fast and firing slow. That's natural. It's part of human nature. We always want to go fast. Also, it's very hard to fire people. It's like breaking up a relationship.

Stress will always be present in what you wanna do. If you wanna get rich through real estate investing, multifamily real estate and through business you have to deal with more stuff than most people are willing to deal with. Therefore if you wanna be in the top 1%, 5% or 10%, you have to deal yourself with problems than no else are willing to deal with. That's the difference between a successful real estate investor owning several properties and the rest.

Dealing with starts ultimately with the way you perceive situations. Being always negative and seeing challenges as problems and complaining about your tenants, that shows me that you're really not inline with your objectives and goals as a real estate investor. You have to take a step back and be extremely conscious about the way you're talking and behaving. See this as an opportunity to grow and improve yourself and show your tenants and everyone you'Re the right person for the job!

Your mind must always be focussed on strategic planning. I've been a CEO for over 10 years now. I'm at the point where everyday I have time set aside for strategic planning. It's become a habit. It's just a way a of life now. At first, for you guys it won't be easy. You have to be disciplined and set time aside in your schedule to work ON your business to achieve more success!

In 2019, to have massive success as a Real Estate Investor, you MUST become the CEO of your real estate investment company rather than just being an investor.