If you’re not leveraging this platform to strengthen your real estate relationships, you’re leaving money on the table.
To continue my weekly series on REI mistakes, I want to shine a light on a topic that’s rarely discussed in the game — the importance of your network in the industry.
How do you know if your real estate relationships are powerful enough?
Go through this checklist:
- Talk to people in the business;
- Build rapport with potential partners;
- Go to events;
- Read real estate books;
- Listen to podcasts;
- Take action on what you’re learning.
If you’re not checking off all these steps, then you’re not where you need to be.
For example, I see many people who are just trying to get their first deal, and they’re not talking to anyone. They’re just sitting in their room Googling things, and they think that will get them a deal. It might, but the chances are slim.
You need to be having conversations, networking, and building relationships.
The only way to get money is through people.
Today, almost everyone is on social media in one way or another. It’s the new TV. Take me for instance; I’m on every social media platform. I use these tools to open myself to billions of people on the planet.
Relationships matter because people do business with people they know, like, and trust.
It doesn’t matter what business you’re in; if you don’t have relationships, you’re not going to be successful.
I’m successful because of the relationships I’ve built over the years. And if you want to succeed in real estate, start building these powerful relationships today.