Credibility Package

[George P.]

Yes? No? Maybe?

[Michael Rossi]

If you are a brand new newbie, then you don't have any experience or anything of significance to put in a "credibility package". So, trying to put together such a package when you have no credibility is a waste of time.

On the other hand, once you've done a bunch of deals, you will gain a reputation of being a successful investor. Your reputation will be your "credibility package".

This entire idea of a "credibility package" is just another guru idea meant to sell expensive courses; training; or mentoring. It's silly!

As Mike C said, desperate sellers won't ask for a "credibility package". You won't need to sell yourself to them - they will be trying to sell themselves and their property to you!

Of all the properties I've looked at and the deals that I've done, I don't ever remember anyone asking me about my experience.

The number one thing you can do to be credible is to understand the basics and be prepared to do the deal when you meet with the seller (private money investor, etc). If you look like you don't have a clue, they might ask about your experience. If you look like you know what you're doing, they won't ask.

Mike