Real Estate Success Through Teamwork - By: Kalinda Rose Stevenson, PhD, Posted on: 2007-08-02

When you think of investing as a team sport, you will have access to people who have all kinds of resources you don't have. They will bring insight, knowledge, and relationships to your team. If you want to make more money, do what the most successful investors do. Become part of a team.

The advantage of playing on a team is that the whole team wins when one player makes a goal. Compare real estate investing to a team sport, such as soccer. In soccer, teamwork means that you pass off the ball if you are not in position to score the goal. When your teammate scores, you also win.

Compare the idea of investing as a team sport with the competitive model of success. Particularly in the United States, we have the model of the self-made man. (It is rare to apply the model to a woman.) The self-made man climbs up to pinnacle of success, stands at the top, and proclaims: "I'm now king of the world." It's the competitive model of "the top dog wins."

The benefit of teamwork, in contrast to this self-made man model, is that the whole becomes more than the sum of its parts. The essence of Napoleon Hill's MasterMind concept is that you will achieve greater success by surrounding yourself with like-minded people, than you will by attempting to do it alone.

What difference does teamwork make in real estate investing? Consider the situation when you find a property you would like to buy, but you don't have enough money or credit to buy it. If you are limited to your own money and credit, you can't do the deal.

With an investor teamwork mindset, you say: "I can't afford to buy this property, but I know people who do have the money to buy it."

One way to make money when you can't afford to buy properties is to be a "bird dog." A bird dog finds good deals and then points them out to investors who can buy them. Instead of making money by buying properties, the bird dog makes money by finding them.

Another role is to be the person in the middle, the deal maker, who puts together the seller and the person with the money. You can be the deal maker who arranges the deal.

What if you do have money and credit to be able to buy property? In this case, you can benefit from bird dogs and deal makers who bring deals to you. You become the investor who buys the property.

So what's the point? The point is that a team sport, such as soccer, needs different players playing different positions. You can play different positions at different times. You can play offense or defense. You can score or you can pass the ball to someone who can score.

When you're part of a network of investors, you don't have to climb up to the top of the mountain by yourself. You don't have to do it all by yourself.

The idea of investing as a team sport means that there are all kinds of players in the real estate investing world. They have specialized knowledge, money, and credit. The more you treat investing as a team sport, the more successful you will become.

Article Source: http://www.southerncaliforniarealestateagent.com/submit-real-estate-articles

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