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Updated over 1 year ago on . Most recent reply

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Shiloh Lundahl
#4 Starting Out Contributor
  • Rental Property Investor
  • Gilbert, AZ
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How to Start a MASTERMIND Group

Shiloh Lundahl
#4 Starting Out Contributor
  • Rental Property Investor
  • Gilbert, AZ
Posted

My name is Shiloh Lundahl and I am an investor in Arizona.  A few weeks ago/months ago, I wrote a post about having a Millionaire Mindset vs. a None-Millionaire Mindset and @Mike Dymski stated "You're looking for a mastermind group and you won't find that in a free public forum. But you can find potential members. It's imperative and life changing to be surrounded by the right people."

I believe him.  So I am looking for suggestions on how to go about starting a Mastermind Group in Arizona.

Most Popular Reply

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Derek Dombeck
  • Real Estate Consultant
  • Wittenberg, WI
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572
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Derek Dombeck
  • Real Estate Consultant
  • Wittenberg, WI
Replied

Shiloh,

I think Mike Dymski is spot on. I started my mastermind and here's the structure. I didn't want people from my home area. I run a REIA and love giving information to my members every month....... BUT that doesn't help me expand upward. So, I talked to a couple other people in my network and we started to compile a guest list. By doing this, each of us added people the others did not yet know. When we had the list done, we reached out to everyone in person to let them know the goals and expectations of the group. For us, we expect everyone to "Get Naked" as my friend in the group says. At the meeting, you must tell us what is going bad and what is going good in your business and what your goals are. Then we collectively solve each others problems. I rent a big house somewhere that holds 20 people and hire caterers and cleaning staff to take care of us for 3 days. Then the MAGIC begins. It doesn't necessarily matter who's the most experienced person in the group if you invite people from different sectors of Real Estate and different geographic locations because everyone will have a different view point. These relationships can skyrocket your business quickly!!!

Hope that helps

Derek

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