This post was written by Jacob Perez, who has created a multi-million dollar real estate empire portfolio before the age of 30. Jacob is an example of how hard work and dedication can lead to success. He wrote a post about how to scale real estate investing from one property into many. He gives 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299
When I started real estate investing at 23 years old, one of my biggest sources of pride was the fact I was doing it alone, by myself, no partners, no co-signers, etc.
If you can, I would recommend investing by yourself. It can be difficult to invest on your own, but with the right resources, it can be a rewarding experience. The reason this makes a lot of sense is that you will develop skills in every facet of the transaction. It’s an excellent way to learn more about the real estate industry and be in a better position to succeed.
How to Build A Real Estate Empire
If you want to scale your real estate investment portfolio like a pro and build a real estate empire, you will have to bring in investment partners. Do your due diligence and research their background to make sure you choose the right partner.
If you can make yourself money and an investment partner money at the same time, is that not a bigger accomplishment? Having a partner who can help you with important decisions and provide additional advice is a benefit.
Something to the table that you are currently lacking will be brought to the table by your ideal real estate investment partner. OPM is one of the things I looked for. OPM and OPC gave me the flexibility to achieve my goals. OPM is important for the large down payments needed for rental properties. OPM is becoming more popular among real estate investors as a way to grow their portfolio without using their own funds.
It is a key factor that is often overlooked. Raising capital is easier than being approved for a mortgage. It can be difficult for someone new to the process of obtaining a mortgage. You can borrow money at extremely low rates if you are a bank qualified partner. When it comes to setting repayment terms, bank qualified partners offer added flexibility.
In 14 months, I was able to close 4 money partner-funded deals and build my real estate empire. My hard work and dedication paid off, as the success I experienced was incredibly rewarding. If you are looking to scale your real estate investing business here’s a solid blueprint.
With a You can invest in individual commercial real estate projects with CrowdStreet account. Access to exclusive market intelligence and investor education resources will help you make informed decisions. You can also invest in a Your portfolio of properties can be diversified. With a portfolio of dozens of properties, you will be able to maximize returns over the long term.
Step 1: Start Investing in Real Estate
I will burst a few bubbles with this first point. It might not be what you think. One must be a successful investor to attract a money partner to invest in their deals. Existing investors need to show a track record of positive returns in order to get a money partner for their deals.
It is irresponsible to use someone else’s money if you have never invested yourself. Before taking on the responsibility of using someone else’s money, it is important to understand the risks associated with investing. Don’t you think?
Real Estate Investors Will be Drawn in by Two Key Things:
- Your Expertise
- Your Success Stories
Having No Deals Under Your Belt Shows Two Things:
- You lack experience, & might not know what you’re doing
- You have not been disciplined enough to save enough money to invest in a deal. You may need to find other ways to get the money you need for an investment opportunity.
Neither will look good to a real estate investor. It is important to note that both options carry significant risks, so careful consideration should be taken before making a decision.
If you’re investing in your first income property, stop here, read this, and then learn about house hacking.
Step 2: Build a First-Class Real Estate Team
It is important to evaluate those you do business with. It’s important to develop long-term relationships with partners and vendors. Anyone you work with should beaugmenting your process as opposed to simply performing a transaction. The stress and uncertainty that can come with important decisions should be reduced by working with a professional.
Your team serves two essential functions:
1. They ensure the real estate transaction is as smooth & predictable as possible.
Work with the best people in your region, not your best friends in the industry. Building strong professional relationships is important to succeeding in the industry, so don’t be afraid to reach out and network with people who have the skills you need. The focus right now is on your record. When the going gets tough, it’s important to stay motivated and have the right mindset. One less success story for you to sell to real estate investors is if you have an average or poor result from a personal investment. It’s important to understand the risks associated with investing, and not put yourself in a position where you could experience significant losses.
2. They are extensions of your business you can refer to others regularly.
If people are asking you if you have a guy for this or that, that is a good thing. You are becoming a go-to source for information because you are doing something right. You will continue to be a reliable source of information if you keep up the good work.
Step 3: Position Yourself as a Resource
The last point feeds off this. The last point is essential to consider. You want to establish yourself as a real estate investor that people will trust and rely on.
Your reputation will grow in the community as you help more people with their real estate transactions. Word of your expertise will spread quickly and you will become a reliable real estate professional. Word definitely spreads.
A reputation as a savvy investor will help you attract a money partner. It takes a lot of time and dedication to build a good reputation. Resource is the key word. Knowing how to allocate and utilize resources in the most effective way can make a huge difference in achieving success. You don’t want to show you’re an expert by talking a big game. Don’t be afraid to ask questions and be honest about what you know. They will be the ones to speak your praises if you are interested, genuine and helpful.
Helping others will make you an expert. By assisting others, you will gain valuable experience and insight that will help you to become an expert even faster.
You cannot do so many real estate deals on your own. It’s important to know when to ask for help. Being a resource for your friends and network who are also investing will add to your experience even if you are acting a resource on the side. It can be rewarding to help others with their investing endeavors, and you may even learn something new in the process. You will develop an intimate knowledge of the neighborhoods they enter, and they will improve on some of the processes you passed on to them. You will gain a better understanding of how to manage your team as a result of this experience.
Several friends of mine have taken the leap in real estate investing and utilized some of my experience over the years. I’m researching my options now that I’m considering doing the same. These friends are some of my biggest resources for information and have given me more than I have given back. Over the years, they have given me support and guidance. We are building real estate empires together. When it comes to our success, the sky is the limit. Givers Get.
Most real estate investing platforms are only open to accredited investors, but Fundrise makes it accessible to all investors. More people are able to make investments in real estate that would not have been possible before.
Step 4: Turn Every Conversation into Real Estate
Thank you, Don R. I am thankful for your help. For this slogan, Campbell. Campbell’s slogan is “real food that matters for life’s moments”, and they strive to provide meals that will help people lead healthier and happier lives. If you haven’t read it already, he has a great book about Joint Venture Real Estate Transactions called Real Estate Joint Ventures which does a great job of breaking down deal structure specifically.
The book is expensive, but it is worth it to anyone who buys it. It contains valuable information that can be used to benefit readers from all walks of life. This is a must-read for those interested in bringing partners into their deals.
People need to know that you invest in real estate, so tell them.
I am not saying to post every success on social media. Those in your network should know you are a smart investor. You can continue to build your reputation as a savvy investor by actively seeking out advice and investing strategically. Everything mentioned up to this point will lead you there. Continue to drive it home. It takes hard work and dedication to achieve success.
People who show interest in your real estate investments should invest as well. Real estate investments can be a great way to build wealth over time. If you are having success investing in Real Estate, don’t you want the same for your family and friends? Sharing your knowledge and resources can help them achieve the same success.
Encourage people & let them know it’s possible.
Sometimes something as simple as saying “We could potentially buy something together” can trigger a conversation down the road that can lead to a JV. You will get more questions as you grow on your own. Gaining knowledge and experience will help you to come up with your own ideas. There will be more opportunities as a result of this. Skills and knowledge can be developed through these opportunities, helping to create a more successful future.
You have to have success in real estate if you want to invest in it. It’s important to have a plan and strategy in place before you start investing in real estate.
People want to work with investors. A strong track record of success and knowledge of the market are what these professionals should have. If you put the work in and have the results to show, people will be interested in working with you. Don’t forget to take a moment to recognize and appreciate your accomplishments.
Don’t ruin it by avoiding the little details.
Presentation matters. It is easy to look professional. It’s time to start building a brand. Ensuring that your brand stands the test of time will be achieved by creating a strong foundation. You may feel like you are faking it. Remember that everyone starts somewhere when you focus on the progress you are making.
This is a checkpoint in your evolution of what you want to become. It is a good time to reflect on how far you have come and to focus on the next steps of your journey.
The following steps will show you how to look the part of a professional. You will be able to close the deal if you have the look of a professional.
Step 5: Build a Digital Presence
Build a Basic Website: With this link you can set up a website for $2.95 a month using Bluehost. You don’t need to hire anyone to build your web presence. Building a web presence can be done with the right tools.
Business cards can be created very easily on many websites. Use a professional printing service to get the best results. Make sure to have these cards with you at all times. A few business cards is a great way to keep in touch with people you meet. The part is what this is about. Understanding how each part contributes to the whole is important.
Create Highlight Package Outlining All of your Real Estate Transactions – Key features like purchase price, expenses, rental income, cash flow, current market value, and ROI will be highlighted in this PDF or Digital Brochure. This data can be used to inform future investment decisions and help you stay on track with your real estate investing goals.
When conversations begin to get more serious, just have it handy, don’t share it right away. Before entering into a relationship, it’s important to understand what you want and don’t want.
Step 6: Operate Like a Real Estate Professional
It is important to act now that you have seen the part. Make a good impression by putting your best foot forward. All email communications must go through a business email.
You can create a custom email address for your business with the same place you registered your web domain. Multiple people in your business can use your custom email address. Make things as easy as possible by linking this email. Gmail’s filters can be used to keep your inbox organized and to make sure the email reaches its intended recipient.
You can use an email like John [email protected] The email address can be used to communicate with clients and suppliers. Next, create a professional signature, job title, etc. Make sure to include your contact information in your signature so that people can easily reach you. This costs very little money and increases your legitimacy immediately. It is an effective way to give your business a professional edge.
Qualify your Leads.
A lot of the focus so far has been on presenting yourself to a JV Partner. One thing to note is that you don’t want a partner. Before entering into an agreement, it is important to thoroughly vet any potential partners. You will be tied to this person financially for a long time. It’s important that you understand the financial commitments that come with the agreement.
If your leads are a fit, you can take them through your entire sales process. Don’t waste your time if they aren’t a good fit, move on to the next opportunity. You can ask questions casually throughout your communication. This will help you decide if they are the right fit for your business.
Some Key Things you want to determine:
- Are they able to invest in real estate? The potential rewards of investing in real estate can be lucrative, but the risks should not be underestimated; thus, it is important to carefully consider all aspects of a potential investment before taking the plunge. If so how many deals (potential for multiple deals is important)?
- What types of investments do they have experience with? They know a lot about stocks, bonds, mutual funds, ETFs, commodities, and other types of investments. What was their overall satisfaction? The customers were very satisfied with the product and the customer service they received. What are the expectations for this?)
- How soon do they expect to make a profit? (Are there major life events this partner may need the money for in the near future?)
- Is there anyone else who would be involved in the decision-making process (Is there a Husband / Wife that also plays a role in the decision-making?)
- They would like to be involved in the process. This will help you figure out what level of involvement is needed for the project to succeed. (Are you willing to work with someone who requires a lot of detail, or is completely hands-off?)
Determine the skill set you bring to the table, determine what you need from a partner, and walk away if the potential partner isn’t a good fit. Make sure that you and your partner are on the same page before making any commitments, and take the time to really think through what a successful partnership would look like.
Step 7: Closing the Deal
There is a fit if you have determined it. With the next steps in your hiring process, now is the time to move forward. While continuing to showcase some of your skill sets, this is the time to start building the relationship further. Showing your commitment and dedication to the role is an excellent opportunity to demonstrate your unique strengths.
Always be educating.
Every week you will find this potential partner real estate listing interesting. This will show them that you are interested in working together. Quick summaries of the pros, cons, and cash flow projections of these properties are provided. In conclusion, analyzing the pros, cons, and cash flow projections of each property can help you make an informed decision when choosing which investment is best for you.
They should be taught the basics of evaluating transactions. It is important to instill the principles of sound financial decision-making in children at an early age so they can develop a strong foundation for their future. The partner will be more confident in your process.
If the potential partner starts asking your opinion, that is good. They are interested in pursuing the relationship further. Someone is excited and invested in this sign.
Case Studies, Case Studies, & more Case Studies.
Case studies are the most important thing you can give a potential investor. Case studies give investors a clear understanding of your product or service and how it can create value for them.
calculate the exact return a partner would have yielded had they invested with you on the first day. It’s important to make sure the calculations for the return on investment are accurate.
That is a real number thatisn’t speculation based. The number is backed up by empirical evidence. If you have generated strong returns in your portfolio so far, you can really use this strategy. You can use this strategy to further reduce your risk and ensure that gains are sustained over the long-term.
Take it one step further and compare the returns they would have yielded investing with you compared to a return they might get from a mutual fund, GIC, or arbitrary figure of your choosing. It is possible to demonstrate the value of your services and show how they would have benefited from working with you.
Below is an example of something I provided in the past to a JV partner I went on to do three deals with (mind you, the case studies are something to go over in person, as there is a lot more detailed info than the graph below.)
This shows the return they would’ve made investing in one of your transactions, and also compares it to investing in a traditional financial product yielding 10% per year. When compared to the lower yields provided by traditional financial products, this provides a clear indication of the potential returns that could be achieved by investing in one of your transactions.
If you can compare your investments to high-performing financial products and still come out with a significant win, you are in a great position. Diversification and a sound strategy are the best ways to ensure long-term financial success.
Write a Letter of Intent.
The prospect is pretty much sold. All you have to do is close the deal. A letter of intent is the next step. The relevant parties can review the letter of intent after it is created.
Buying a home is an emotional process. It is important to look at the process objectively and make a sound financial decision. Especially for first-time buyers. It’s important to get everything agreed upon in writing so everyone knows where they stand. Ensuring that the agreement is legally binding will be helped by this.
The letter of intent is a way to keep everyone on the same page. It serves as a reminder of the goals and objectives that have been set in the plan.
What type of house do you want to buy? The location, size, and cost of the house you are looking for will be provided. All within a specific price range that is suitable for cash flow, you can find a 3-bedroom bungalow in the specific neighborhood districts. The bungalow is a great option for those looking for an affordable place to live.
Our intention is to purchase a 2-3-bedroom bungalow home in Neighbourhood A, between $300-335K
We can expect rental income between $1700-2300 per month.
At these numbers, we can expect a monthly cash flow of ____.
The letter won’t be legally binding, but it will be signed by both partners. It is intended to be a record of the agreement between the partners.
The JV partner is in a position to make a decision quickly when the opportunity arises because they were prepared for this type of deal in advance. This helps to ensure that the JV partner is confident in their investment, as they have already done due diligence and established a working relationship before the deal is finalized.
Should You Build a Real Estate Empire?
There is no simple plan. Every situation requires its own approach. You should not spend your money on seminars that say this will happen overnight. Building your knowledge of the industry you plan to enter is more important than developing a sound business plan. Focus on maximizing your growth on your own first, & becoming the version of yourself who can attract a The money partner is in the process.
When leads begin to emerge, build your brand in advance so you know what to look for. Even the smallest steps will help you gain experience and build a solid foundation for your career if you take on any project or job that comes your way. Define what kind of partner you need to grow your business and understand the value you bring. A potential partner can help you reach your goals if you are clear on what you want to achieve.
To save time, take the time to thoroughly qualify your leads. The process will be worth the extra effort in the end. Speculation will get you burned, case studies are the truth. Make sure to back up your claims with evidence. Show people what they have already missed on. You may miss out on more opportunities if you don’t act now.
Real Estate transactions are very fast. When a good opportunity presents itself, it’s important to act quickly. Make sure everyone is on the same page so you can win the deal. Communication is important to success in any business deal.
Jacob Perez a He has been investing in the Canadian Real Estate market since he was 23 years old. He has seen a return on his investments and is eager to grow his portfolio. After some early success, Jacob began raising capital & leveraging joint-venture money partners to grow his real estate portfolio and is on pace to acquire at least five more properties this year.