Epic Real Estate Investing - Why Do You Need an Epic Team? | Team Builder Episode 2 | Financial Freedom Friday

Episode Date: January 24, 2014

It's Financial Freedom Friday at Epic Real Estate! This is the 2nd in a series of 6 lessons on how to build and "EPIC" real estate investing team. Get the rest of the lessons for free by subscribing to EpicRealEstateInvesting.com Or... Watch the video versions at EpicREI.tv Learn more about your ad choices. Visit megaphone.fm/adchoices

Like me, I'm sure you've heard countless tales of women and men who, against all odds, rose up from the ranks of extreme poverty to become successful and wealthy. And at some point in the narrative, these tales are bound to label those individuals as self-made millionaires. And sure, I get it. I mean, the stories are inspirational and they show that each of us can achieve the dream of becoming financially independent and successful. But let's be honest with ourselves. While the term sounds great, there really is no such thing as a self-revelling. made millionaire. I mean, everyone, every individual that has ever created success and wealth did so with the help of others. I mean, there might have been a teacher providing inspiration

for this individual to follow their dream. There was probably a mentor, I mean, think Rich Dad, to offer guidance and advice. There was surely a support group around them who used their skill set to carry out work that needed to be completed. Simply put, these self-made millionaires only reached the pinnacle of success by relying on a team of individuals. individuals providing their expertise and support. And the same goes for real estate investing. I mean, sure you can make good money investing in real estate as a lone wolf. But the truth of the matter is, if you do not work with a great team, then you will never

reach the level of success that's available to you in this industry. You will never have that kind of financial freedom that allows you to enjoy family, friends in your life the way you want to enjoy it without surrounding yourself with a team of successful individuals. Take a look at it from this practical perspective. I mean, as a real estate investor, you only have so many hours in a day, a week, month, year that you can actually work. And an investor taking the lone wolf approach, you know, they might search and search to find a great deal. They'll work countless hours rehabbing a property. They'll spend many more hours marketing the property. And then they'll eventually find a seller after three months or so of hard work.

I mean, after the property is sold, you know, they might find themselves holding a $100,000 check, and that's great. Nothing wrong with that. But what if I told you that you can work with a team, but you'll only make $30,000 to $50,000 a deal? What's that you say? Sounds like you're leaving some money on the table? Well, don't jump to that conclusion so fast. I mean, here's where it gets good.

You see, when you work with your team, you can do multiple deals every month. I mean, even if you only did two a month making, you know, $30,000 per deal, You'd make $80,000 more after three months than the investor in our first example. But more important than that extra $80,000 is the extra time you will have each month to spend with family, friends, and growing your business. That's freedom. So by working with a team and working to expand your business, during the next three months, you can be doing three or four deals a month making twice the money as you did the previous three months. And the investor in our first example, well, that individual could still be making a decent amount of money, but they are sacrificing their family life and their freedom to do it.

I'm going to ask you for some trust with this following statement. Money is overrated unless you have the time to enjoy it and your loved ones to enjoy it with. I mean, you can have your cake and eat it too, more money and more time. Choose the team effort and smaller, albeit multiple paychecks. Life is better that way, much. It makes practical business sense just to build and work with a team. You just can't and shouldn't want to do everything yourself. I mean, what you should do yourself is what you do best,

and then delegate the rest. Dedicate yourself to your vision of success and your mission to be financially free, and find others that are just as dedicated as you as to achieving that vision and mission. You know, as Rudyard Kipling once wrote, for the strength of the pack is the wolf, and the strength of the wolf is the pack.

Remember this when putting together your epic team. These will be the people that help you become the next self-made millionaire. All right, you ready to meet that team? Cool. In the next video, I'll introduce you to the key members who will make up your epic team. I'll see you over there. This podcast is a part of the C-suite Radio Network. For more top business podcasts, visit c-sweetradio.com.