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Relationship Capital – It’s All About Speed

One of the questions a doctor recently asked me was: “Where do you find credible operators of Real Estate businesses that you can lend money to?”

 

 

There are a lot of ways to make money in Real Estate.

Most people think of buying properties, renting them out, or house flipping as you see on TV.

But that’s not the way I operate – because that’s another job, another business.

Most of us already have businesses; we’re in practice.

I was eventually able to leave practice when my Real Estate investments began providing enough passive income to let loose.

That’s what I’m trying to help other practice owners do – get their money working harder for them.

The Real Estate market has gotten to the point where it’s hard to find properties that will actually yield good cash flows and revenue.

But there are still plenty of good business operators out there – operators who run boots-on-the-

ground businesses.

In any economy, there are always motivated sellers and great opportunities – they are just a little harder to find today.

So how do I find these people?

It’s all about relationship capital.

Relationship capital is just as important as financial capital, and possibly more so.

I need people to joint venture and have a strategic alliance with – people already running great businesses that I can invest in.

I don’t want to reinvent the wheel.

I don’t want to go out and start a business called “fixing houses.”

There are great people who deal with contractors, permitting, and code enforcement – and I take part in that business by investing.

I get great deals across my desk every day.

I’ve built up a digital rolodex of hundreds of people who I’ve known over the years that have good track records.

And I only take deals from people I know.

If you’ve got time, you can do the searching yourself.

Or, you can buy speed through other people who already have those connections.

Whether it’s in athletics, music, art, or business – to get from point A to point B faster, you hire a coach – you buy speed.

I find the deals to invest in through the relationships I’ve built over the past 39 years.

If you don’t want to spend your time searching for deals, then you’ve got to buy speed through networking and creating relationships with people who will find them for you.

To your freedom!

David

P.S. Speaking of relationships, my good friend and syndication/fund expert Big Mike did an interview with me on what you need to know before investing in syndications. The interview will be broadcast, along with a live Q&A with Mike, on March 14th at 7PM CST. You can sign up for a seat here: www.freedomfounders.com/webinar

P.P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :

1. Get Your Free Retirement Scorecard:

Benchmark your retirement and wealth-building against hundreds of other practice professionals and get personalized feedback on your biggest opportunities and leverage points. Go to www.FreedomFounders.com/Scorecard to take the 3 minute assessment and get your scorecard.

2. Attend A Workshop:

If you’re committed to Freedom, but still building a practice, paying down school debt,  or growing investment capital, our hands-on Freedom Blueprint Workshops are your entrance ramp onto the fast track! Visit www.freedomfounders.com/workshop to claim your seat!

3. Apply To Visit The Mastermind:

If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (5-7 years max), visit www.freedomfounders.com/step-1 to apply for a seat.

4. Want to Work Directly with Me?

If you’d like to work directly with me and a small group of my closest investment colleagues, with direct access to the dealmakers and asset classes that I invest in, just send a message to my Executive Assistant (Lindsey@FreedomFounders.com), and put “Fast Access” in the subject line. Or, call (972) 203-6960 Ext 144 and leave a brief voicemail for Lindsey. Let her know you’re interested in the Fast Access program – we’ll set up a time with you to talk, find out about your goals, and see if there is a fit.

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