Team-Work Make Da Dream-Work!” Right? … Takes from Different Rich Guys.

[Alex Ficco]

“Team-Work Make Da Dream-Work!” Right? … Takes from Different Rich Guys.”

Kind of a funny post coming from me. To my detriment, I’ve unknowingly been ‘anti-team’ my entire life.

Teams have never been my thing. I’ve always done everything solo; only child, only really ever been into an individual sport (motocross), continued that pattern into adulthood with crossfit, an ‘Individualist’ profile type on Predictive Index, pursued music for 10 years because hip-hop was something I could get started alone… One of the same reasons for starting out in wholesaling real estate over 5 years ago (along with having no skill set, no money, and no other options, but those are for other posts ha!).

This is not a post to say just “work with other people and you’ll be successful”... but it IS a post to say “work with other people and you’ll be successful.” Let me explain.

I run a monthly real estate meetup here in Reno, NV. I really enjoy doing it. I love teaching others about what we know how to do in real estate and sharing everything I’ve learned in this business.

Obviously, the business indirectly gets things from me running the meetup - deals, private money, relationships, etc. The flip side to that are the takers. People that see you’re willing to give them something for free, and then proceed to get everything they can out of you until the well runs dry, then it's onto the next well they can tap into.

I see posts from people like this all the time (especially from new wholesalers) and it's always something about “let's squad up and do deals!” which 9 times out of 10, is a direct translation for “I can't figure this out on my own, you do the deal for me, and I have nothing to offer in return.”

That’s why this is NOT a post to say just “work with other people and you’ll be successful.”

Even with my background, I learned a long time ago that I cannot do everything I want to do on my own. Not even close. But I did do SOMETHING on my own. I learned how to wholesale. I completed 18 deals before partnering with my current business partner to start flipping houses.

For us, I knew how to find deals and he knew how to run rehabs. To a couple of dummies that have never run businesses before, that was all we needed to think that this partnership makes sense.

We both had something that the other needed to go to the next level.

Just from being active in the local market over the last 5 years, I’ve got to meet some pretty awesome real estate investors and work with them regularly. A few of them stand out as these guys that yes, they flip a lot of houses, but every time I talk to them I learn about more and more businesses or deals they are somehow involved with.

This week, I had separate conversations with two of these guys that fit the description above. Once again, I find out about a $20mm development deal one of them is working on, and find out the other is buying heavily in an out-of-state market I didn’t even know he was in, but my takeaway from each was the same.

They don’t do this alone. Not even close. In just about everything they do, they take a smaller slice of a MUCH larger pie than one they could bake on their own.

And that’s why this IS a post to say “work with other people and you’ll be successful.”

The difference is, these are both guys that have their own unique skill sets and they OFFER those skill sets in different types of real estate deals, partnerships, businesses, etc. This has allowed them to get their hands in a ton of different pots and both become successful in BIG ways.

Everyone has something to offer. Skills, capital, or even just the hustle to go out and find a good deal to put together. As long as you’re bringing something to the table, go for it. But don’t just post “lets squad up” because you didn’t make enough calls this week.