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Money, People, Deal: The Fastest Way to Real Estate Wealth

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After your first raise,

begin building a track record,

document every deal

into a track record,

then rinse and repeat!

You can repeat the Money, People, Deal process an unlimited number of times, and you will never run out of capital. By using this process, you will be tapping into the infinite amount of cash that is looking for profitable deals every day. Eventually, you will have more money waiting in your pipeline than deals, and then you will want to find people to bring you deals to keep your machine running. This is a great position to be in, and one that I frequently enjoy. This means the time has come to expand into a greater volume of deals or into larger opportunities.

Raising money is the ultimate skill of the entrepreneur and one that everyone should learn to perfect. I learned this skill early in life, and it has fueled my success so far. As long as I continue to create profit for my investors, capital will always be available for me. “Give a man a fish and he’s fed for a day, teach a man to fish and he’s fed for life.”

Action Step: Think about the last time you attempted to raise money and ask yourself: Which of the three pieces did I have before raising capital? Was I prepared with an adequate business plan? Was I successful or unsuccessful? What went wrong, and what could have gone smoother?