How To Get Results Like The Top 1%
Tired of working so hard, and not seeing those top level results you crave?
Whether you want to be among the top 1% of the wealthy in the world, the US, or just the real estate industry, there are some common differentiators which can help you make the leap. Unfortunately, there are a lot of misconceptions that hold real estate investors and other professionals back. Here’s what can make all the difference, and why they do things in this order.
Think Bigger
You’ve heard it before, but are you really thinking as big as you can? Are your current goals really the limit of your imagination, or even what others have achieved already? $1M may barely put you in the top 10%. It certainly won’t go as far as you think it will. Think globally. Think in billions. Think 100 years out.
Get Out of Your Own Way
This is really the big make or break for those that want to go from average to amazing results. You can get into real estate and do 10 or 30 transactions a month, and put several million through your bank account each year relatively easily. That’s still not going to put you at the top of the game. Unless you learn to get out of your own way, you’ll likely hit a plateau there.
Real leaders, CEOs, and top performing agents and investors don’t rely on what they can do personally. In fact, the goal should really be to not be involved in the day to day at all. Listen into the new DealMakers Podcast on iTunes and you’ll hear how top entrepreneurs and investors really structure their organizations. Perhaps you’ll be CEO, or maybe just retain a board seat. The real 1% recognize that to go big, they need a team, they need more expertise in more areas than they can maintain mastery. So they hire for it. They hire the best experts they can, and then step back, get out of the way and let them do their best jobs. Otherwise, if you are trying to micromanage them, from a position of less experience, you are going to restrict what they are able to achieve for you. That’s on you, not them. They can’t help if you won’t let them.
Be Brutal with Time Management
If your venture is going to bring in just $5M a year in revenue, and you’ll only put in 1,000 hours a year, your business needs to be making $5,000 an hour, for each of those hours you are active. You simply cannot afford anything less than $5,000 an hour activities. Or you will never hit your goals. Each of those hours you spend on something worth less, you are directly taking out of your pocket and are putting yourself behind.
That’s why top performers have housekeepers, assistants, general managers, remote CMOs, and often even personal chefs and trainers. You don’t have to wait until you are a multi-millionaire to make these investments. In fact, you might never get there without this help. If it’s not paying you your target hourly income, then you can’t afford to do it yourself.
Invest First, Spend Later
Whether it is marketing or cars or fancy offices, smart professionals invest first and spend from their passive gains, not from direct earnings. A recent blog from fund manager Fuquan Bilal reveals that when he plans to get his teenage sons their own cars, he’ll first have them go buy a passive income investment, and then let them use the proceeds from that to pay for their vehicles.
Get the Model Right, Then Scale
Work on getting your model and systems right first, versus trying to scale out of the gate and wasting money on what’s not converting and truly profitable. The smart are prepared to do sizable and long enough tests to hone their business models, before raising money or betting their last buck on the latest marketing craze. If you don’t, you can go broke before you get started.
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"I want thank you for the excellent service I received from Best Transaction Funding.The quick response I received from your company from the beginning of the transaction and to the end was unbelievable. I also want to give a special compliment to you as well. You went to great lengths to keep me informed and gave my title company all the information they needed to complete a successful closing. I cannot express how thankful I am. Such service builds great working relationships. I will definitely recommend Best Transaction Funding to all my fellow investors. Thank You."
- Frank Olaitan, Real Estate Investor, MD
"I can't thank you and your company enough for providing funding for our latest project, and right at the last minute. You came through with funding in less than 24 hours and coordinated with the closing agent and attorneys like you had been involved with our project the entire way. I'll know exactly where to call for the funding we'll need for our next project."
- Dave Pricken, Real Estate Investor, NJ
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"....a few months back, I happened upon a video, on your site, regarding the use of transactional funding with Hud properties; and I found myself replaying the video over and over because of the value that I saw in the message...it actually explained the process, step-by-step on how to submit a Hud deal by using transactional funding. Once I completed the video, my initial response was to take immediate action by duplicating what I had learned from the video into real time. So I did some research on properties in a market where I knew I had buyers; and put together a hud deal. I then located a realtor able and willing to submit my bid online and within a couple of days, to my surprise, received a call telling me that I had won – my very 1st Hud bid."
"To you I say, ”KUDOS to Best Transactional Funding and Thank you for providing the education and services to Real Estate Entrepreneurs like me. Please keep up the good work!'"
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"You each deserve high marks for your wonderfully quick response time to each of our questions and requests! You hit home runs with us! Your application system was easy to use. Our deal met your qualifications and every time Rob Kozak or any member of Mystic Properties, LLC phoned, we received a "real" person dialing back to speak with us.
Your patience and persistence were exceptional in dealing with our business interests. Thank you for such great customer service! We look forward to working with your staff, again, in the future. We like referring people to you, as us, our team would have missed-out on an excellent earning opportunity.
Your help negotiating with our title company made our back-to-back deal, finally happen. People noticed on settlement day how effectively and efficiently your part of the transaction was organized and executed. Again, thank you for truthfully being the "BEST" at what you do!"
- Diane McAdams, Mystic Properties, LLC, Real Estate Investor, Pennsylvania
"Boy, you guys are impressive! I can’t thank you enough for scrambling and getting my deal done at the last minute like that. You and your team were awesome!"
- Donna Bauer, The NoteBuyer Inc., Real Estate Investor, OH
"Thank you so much for working so diligently with me. Your services really are the "BEST". I look forward to working with you in the near future!"
- Ericka B., Real Estate Investor, CA
