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Here’s How Your Thinking Needs To Change To Start Investing At A Highe
If you’re a real estate investor, you might think you run a real estate investing business – a business where you buy low-priced real estate from motivated sellers and then fix it up to rent or sell.
And that might true for many readers right now. That might perfectly describe what you do, day-in and day-out. But if you want to start investing at a higher level, that thinking will actually hold you back and cost you money!
Most investors (the ones who invest inconsistently or who max out at a couple of deals a months if they’re lucky) have a very different way of thinking than the investors who are doing several deals every month consistently. And if you’re frustrated by the number of deals you’re doing now and you can’t seem to blast past it, here’s the number one way that you need to change your thinking…
Stop thinking of your business as a real estate investing business. That’s small-time thinking. Instead, start thinking of your business as a SYSTEMS business.
Change your thinking from focusing on deals to focusing on systems. (When you build your systems property, the deals will take care of themselves).
Let me use a non-investing-industry example to illustrate: McDonalds… it’s not really a burger business… it’s a systems business. If it was a burger business, they’d still have only one store somewhere. But because they’re a systems business, they can be run by teenagers just about anywhere in the world.
Your investing business is exactly the same: if you stay focused on each deal, you spend your time on a single deal and you keep yourself from advancing and growing. Your business’ “deal capacity” is limited by the number of hours you have to devote to your business.
But if you build a business of systems then you automate processes and duplicate your time, building a business that has an almost unlimited deal capacity – because it’s no longer dependent on YOU.
When your business is no longer dependent on you, it can grow as big as you want… while you sit back and enjoy some time on the beach with your favorite people.
At this point you should be begging me: Joe, show me how to build systems in my business!
I will do that. I’m talking about systems all this week – expect at least one more blog post about it, maybe some Periscope Scopes, and also some bonus instruction in email, which is only available to The Flip King subscribers (so make sure you sign up in TheFlipKing sidebar to receive emails from me).
It starts with a mindset shift: Stop thinking of yourself as someone who invests in houses… start thinking of yourself as someone who runs a business of systems.
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