"The beautiful part about real estate is that so much of it is commission-based that you're not employing these people."

(click to tweet)

Growing a business is not for those who fear failure.

At every step of the way, the entrepreneur faces an obstacle. And some of those obstacles will get the best of him. This is especially true in real estate, where the saturated market can make it difficult for the entrepreneur to find success.

That's why on today's episode of The Real Estate Mastermind Show, we are cutting to the chase by discussing how to lock down that first deal. By implementing systems into your business' DNA, you can free yourself to do the human marketing and connection part of growing a business. Whether it's at REIA groups to construction sites, you can always network and solicit investment from other real estate professionals. Tune in to learn more about this strategy, so you can lock down that first deal!

And don't forget! You can also listen to The Tai Lopez Show on Spotify! Click "Follow" and let me know what you think!

"You need to figure out how to exponentially increase what you're inputting for outputting. That's how you become scaleable. Replacing yourself with systems that are duplicatable."

(click to tweet)

Points to Keep In Mind

  • Read The E Myth by Michael Gerber
  • Replace yourself with systems that are duplicatable
  • Most people plateau early in real estate careers
  • You need someone with a firm position outside the business to give you criticism
  • There is a healthy pace to scale and grow your business
  • Look at REIA groups to network with other real estate professionals
  • Read Work Rules! by Laszlo Bock
  • Because so much of real estate is commission-based, you aren't employing people
  • Loans are on public record when recorded through a promissory note and deed of trust
  • Real estate is a time-intensive business
    • Thus, create your systems and infrastructure early in your business' life
  • Check in with your employer about their 401k matching plan
  • Don't expect to hit a home run with your first real estate venture, or any business
  • The majority of the noise in real estate is from people who aren't trying to do deals
  • Real estate is a tight-knit community; you will cut through the noise by building a good reputation
  • Hang a banner on your construction sites to attract new business
  • Spend money on your education, mentors, life coaches, etc.

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