He taught me that when you approach people with a "relationships for life" philosophy, you are not just trying to get that person to do one deal with you, but you want to build a strong long-lasting relationship with that person, keep working together, and hopefully also become friends.
I have taken that advice to heart, and I always seek to build strong relationships with everyone who can bring value to my life and my business.
So how do you get into these relationships? Here are three steps to follow to establish strong business relationships:
You are probably already connected to tons of great people -- likely far more than you think.
First, pull out a pad of paper and a pen and start to think about potential team...
For better or for worse, your success in real estate will be determined by who you know. Real Estate is a relationship business. Who you know and who you are working with can make all the difference in what deals you get and how much money you have access to.
You need relationships with great service providers (agents/brokers, lenders, property managers, CPAs, contractors, attorneys, etc.) and with great potential partners (deal and investment partners). Without these right relationships you either:
(a) can’t get a good cash flowing property deal at all (especially in a competitive market), or
(b) you can’t run it well if/when you do acquire it.
A lot of people think that’s not fair. It’s true, it’s not fair. Fair or not, that’s the way it is.
There is something you can do about it though…
You absolutely can get yourself some of those right relationships!
So how do you do that?...
The Real Estate Investing Guide from $1 to $1 Million is available for a FREE DOWNLOAD that will show you 12 strategies you can take to get invested in real estate today regardless of your schedule or budget.
“Monick Halm opened my eyes to all the different ways of investing in real estate. I am now invested passively in 2 syndications and a performing note, with $2500 a month passive income, and now I don’t have any lazy money sitting in a savings account earning 0.01%.” — Bernardette Williams