How to Start a Real Estate Business From Scratch
Can you imagine if you weren't
elk and you had two of these on your head? And what a dirty trick like... You
got to go through the forest and then you're getting branches and stuff and
you're waking up all the hunters and then the next thing you hear is that
*PFFT* That's super random. But you know what? That doesn't relate at all to
what we're talking about today. So, today we're talking about how you actuallybuild a real estate business from scratch. And here's a couple things that you
need to be aware of. "Why wouldn't I get out there and just build a
business from scratch?" Now, take it from someone that has done thousands
of deals.
Literally
thousands of deals over the last 15 years. And here are the biggest - misperceptions
that I find. People will either say, "Oh, you're going to need some money
if you're going to do that. You know, money credit. "And then the second
thing they say is, you know, "And you're going to need some
experience." And I'm like, "Wait a second.
That doesn't
make sense." Are you saying the chicken comes first or the egg? Because
you can't get experience until you actually get out there and do something. And
then they're going to say "Yeah. But if you mess up because you don't have the experience, you're going to lose everything bro." You can see why this is what
keeps people from starting the real estate business. And I want to show you how
to kind of get over that today.
I'm going to
introduce you to some acronyms. And here they are. The first one is OPM. Did
you know the stands for? It's not opium. For the masses. This is OPM. Stands for
other people's money. So, when someone says, "Oh, I don't have money. Oh,
I don't have credit." I say, "Great, then what you need to learn how
to do if you're starting a business from scratch. Your job isn't to possess the
resource. Your job is to gather the resource." That distinction my friend
is worth a million dollars to you. Your job isn't to possess the resource. Your
job as to what? Gather the resource. So, OPM means I got to go out and find the
people who have the money. And by the way, why would someone give money to you?
I mean you've never done any of this before. Easy. Because if you find a really
good deal, then the money talks and then people jump in and that's how people
and real estate gets started every single day.
The next thing that you want to leverage is o-p-s. This stands for other people's systems. Do not reinvent the wheel. If you're going to start a business in the game of real estate, then don't be like, "Oh, yeah, yeah. We're going to flip a property then we're going to do, you know, multifamily then we're going to a rental." Listen, you want to specialize as quickly as possible. And if you're going to do your first 5 deals, do not do 5 different kinds of deals. You want to pick the best strategy and then do that one strategy 5 times. You want to that for a couple of reasons. Reason number one is that if you learn how to do real estate this way and on your next deal you try it that way, you're diversifying way too much and you're having experience and nothing. You need to collect experience because with every single deal in the same experience field, you get better and better and better and better and your profits get bigger and bigger. You do not want to be the jack-of-all-trades in the game of real estate. You want to be the master of one, okay? Now, in a moment, I'll show you a system that you can leverage.
There are many
systems that are out there. My system is simple. If you're a beginner, you
should be doing lease options and you should be doing no money down real estate.
Because if you don't put any money up and something goes bad, guess what?
You're protected, right? I want you to be insulated. And I don't want you to have
this excuse of "But I don't have the money." Some of these deals take
maybe like 4 or 5 grand. You'll find amazing deals it'll take 10 grand. But you'll
find deals that don't require any money or like a very nominal amount, right?
So, leverage someone else's system. The next thing that I want you to be aware
of is that you want to leverage O-P-E. Other people's what? Experience. What you
need is a guide. Sometimes they're called Mentors. And I want to give you the
definition of a good guide. The guide has already been where you want to go
many times. Like imagine for a moment that you want to climb Mount Everest,
right? Like you have a choice. There are 2 guys available ones like, "Dude,
this is like my first time up Everest but I got certified online. It's going to
be awesome." And you got the other guy who's like, "Alright. You're
going to prepare. You're going to do everything that I tell you to do. I've
helped 300 people up the mountain and no one has died on my watch yet. Not one.
And you won't be the first." It's like... Which guy would you pick? I'd
probably pick Mr. crotchety, right? Like crotchety over surfer dude, probably
going to be a safer pick. Similarly in the game of real estate, an experienced
guide has done what you want to do at least ten times over. So, for example, if
you're like, "Hey, I want to make a million in real estate." Then go find
someone that's made 10 million dollars, right? That already exists. Do not reinvent
the wheel and don't be out there alone like the lone wolf. So many people are
like, "If you want something done right, you do it yourself. "That's how you get killed. Do not murder
yourself. What you need to do is you need to say, "If you want something
done right, you get a pro, you get a team, you get an expert." So, O-P-M, O-P-S,
O-P-E leads to O-P-D. Other people's deals. Listen, if you have other people's
money, other people's deals, leveraging other people's systems, other people's
experience, guess what you have now? You
have everything that you need for making tons of money. Your job is to be the
deal maker that pulls it all together. What you need to do is get the resources.
Now, if you're
starting from scratch and you don't know what that means, then this is your
guide. This blog is the Straight Path to Real Estate Wealth and is the first of
many blogs that I've written. We just came out with our Services. We've have
done thousands of deals. And the reason why contacting us is important for you
as a beginner is that if you're starting from scratch this blog basically says
I've compared the Construction and real estate. And I whittled it down to one
that'll make you the most money, with the least time the least effort in the
least risk. This book
Number 2 is I'll
share with you where you go and find the money.
And number 3, I don't even share how you get a guide.
When you get Contacted us it also comes with a complimentary no BS consultation. That means talk to a member of my team. They'll put themself in your shoes and figure out what scratch means. And then help you get started on whatever your first steps look like. Or just do it alone. All we’re trying to do here serve you with all the resources and tools that certainly have the power to help you be crazy-successful at this game. So, we've talked about today the 2 biggest misperceptions. We've talked about the reality that every resource you need already exists. And as long as you have a system, other people's money, and a guide, dude, you are home free. There's no reason why you can't do a deal this year or 20 deals this year. Because I have students actually doing that. If this was useful, do me a favor.
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