Real Estate has always been my passion. Reading about successful people strengthened my resolve. Many become wealthy through real estate. Their stories fueled my fire. Made me want more. So it was decided. Real estate investment is my future.
This amazing voyage begins with setting personal goals and vision. “What do I want to achieve in real estate?” I knew I wanted to develop an empire, scale my business, and achieve 100,000 units. Talk about aiming high, right? 😊 Goals give us two things: direction on where we want to go, and the motivation to get us there.
Imagine your ideal existence. How do you define financial freedom? Imagine luxury homes, dream holidays, and financial security. Painting this future image will connect your investment decisions with your goals. 🙌
Once goals are set, it’s time to reverse-engineer investment plan. This involves working backward from the final aim to determine the steps. Divide the long-term vision into manageable steps. Your roadmap will guide you throughout. Consider it a real estate GPS.
Now, let’s tackle the big question when it comes to scaling a real estate business: joint ventures (JVs) or syndication? Joint ventures entail utilizing your own money to buy properties with others. You’re in charge of this hands-on approach. However, it restricts corporate growth.
Syndication, on the other hand, involves several investors funding larger deals. The power move for faster growth and scalability. You create a single-purpose entity to own the property and raise funds to buy it. You’ll manage the property, not investors.
Syndication helped me scale my business. It let me use people’ money and showcase my skills. The choice between JVs and syndication depends on personal aims and interests. Before making a big decision, consider resources, time, and involvement.
Let’s do this!
