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What Does Your Wealth Team Look Like? Really

Really!!

I am always amazed that people will spend more time picking their Dream Team for a sports pool than building a team to grow their wealth.  I am not asking them to give up being a couch general manager; just put in the same amount of time building their Wealth Dream Team.

In my world, all aspects of the investment real estate business revolve around TEAM.

Where do you fall in this scenario?

Reading my blog posts,  you are aware that I am a big fan of having investment real estate as part of your financial portfolio.

In the last several months I have been working with several couples to help them buy investment real estate.  Part of my process is to outline what I call TEAM REAL©; REAL stands for Real Estate Advisory League.  You might be thinking my TEAM REAL sounds like a group of superheroes.  When it comes to helping you building wealth; you need a super team.
It is essential your team aligns with your goals.
It is vital to understand everyone including myself has our own beliefs, mandates, processes, strategies, and agenda.
What exactly is Aligning and why is it crucial when assembling your team?
According to Dictionary.com (Part of the Definition of Align is:)
Verb (used with object)
  • To bring into cooperation or agreement with particular group, party, cause, etc. (He aligned himself with the liberals.)
  • to join with others in a cause.

If you don’t have a team; I want to encourage you to start assembling a team.  Don’t worry if you don’t have any investment real estate properties; this might be great news.  Why? You may have a chance not to make my mistakes.

Realtor

My first three investment properties; I used a residential realtor who sold people homes and had never sold a piece of investment real estate nor did she own any.

Financing

We just went to my regular bank for funding of; the same folks I had used to buy my home were the same people I used to purchase investment real estate.

Two essential team members and I did not take the time to ask them one simple and fundamental question.

The Holy Grail Question for Investment Real Estate Dream Team:

Do you own investment real estate?

The most important question I should have asked them; I did not even know the issue even existed.

The Holy Grail question before assembling a Dream Team was not in my repertoire.

Don’t let anyone on your team who is not an investment real estate investor.

If your team members not aligned with your cause of investment real estate and own investment real estate; don’t you think you will continuously be educating them on the processes and strategies behind investment real estate?

Why should the student be the teacher?

In the days, months and years ahead; it will be my pleasure to introduce you to TEAM REAL© and will explain the makeup of the team.

There are three stages of buying investment real estate:

  • Before the purchase,
  • The purchase
  • After the purchase.

The team members who are on your team before the purchase may only be with you for that stage of buying investment real estate; some members of your group stay for one or two phases of the acquisition and others through all three stages.

In future blog posts I will get more specific on your team members; their roles and what stage of purchase they will be with you.

Are you ready to start building your TEAM REAL©?

 

About the author, W. Rick

Dynamic entrepreneur and sales management strategist; with over 20 years of experience in his field. Rick has achieved multimillion-dollar sales growth while providing award-winning sales leadership and coaching in highly competitive markets.

An active real estate investor since 2002, Rick has developed his purchasing strategies and processes specializing in vacation and recreational properties, single-family homes and condo rentals.

In 2005, Rick re-financed his first rental property to fund the purchase of more positive cash flowing rental properties.

Rick sits on the Board of Directors for several condominium associations and is an active President and Treasurer. Sitting on these boards has given him a wealth of experience and insight into working with property management companies.

Rick has partnered with several joint venture associates and is committed to creating a positive investing experience for his associates by finding the properties, developing the investment, securing the financing and executing a proven positive cash flow system.

Why should you choose Rick as your Online Vault to Investment Real Estate Success Advisor?

An outstanding mentor and coach, Rick will work with you to build your investment real estate business starting from the foundation. From guiding you through the market research and critical drivers, building your team of trades, realtors, and lenders to attracting the investment real estate properties right for your portfolio and the joint venture partners to help you grow.

Through direction and training, Rick will help you develop your investment real estate goals and be a catalyst for you to purchase your first investment real estate property so you can build a strong financial foundation unlocking sustainable wealth and a living legacy for you and many generations to come.

Thank you for taking the only asset that gives us so much through life, but we can never get back our time.

Please join Rick on living his mantra:

” Prosperity for all aspects of your life forever.” W. Rick Harris

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