How to Become a CIA: (Part 6) How to Assemble Your REI Power Team

Welcome … to Part 6 of the “How to Become a CIA” creative real estate investing series … How to Assemble Your Real Estate Investing Power Team …

(if you’re new to the series, you may want to start with the introduction)

I’m here to tell you … Investing is a Team Sport!

I couldn’t tell you even one successful real estate investor I know that doesn’t have a strong team … the kind of team that has your best interest at heart, the kind of team who’s there when you need ‘em, the kind of team who fills in your weaknesses and leverages your time and resources so that you can ONLY do what you enjoy and are good at …

Do you know how to value properties?

… if not, that’s where your team comes in …

Do you know how to contract a property?

… if not, that’s where your team comes in …

Do you know how to inspect a property and estimate the repairs needed?

… if not, that’s where your team comes in …

Do you know how to research the title of a property?

… if not, that’s where your team comes in …

Well, hopefully, you get the point … because I could go on and on …

How to Assemble Your Real Estate Investing Power Team

Here’s what you’ll learn in this week’s video tutorial …

= > Who’s on Your REI Power Team

= > What Your Power Team Does for You

= > How to Find Rock Solid Team Members

= > Danger: Where Most Investors Go Wrong

Check out the video below …

Now, get out there and build your REI Power Team.

But, don’t go about it all wrong like most investors. …

Real estate investing is a relationship business … in order to build an effective Power Team, you need to focus not on you, your wants, your needs. The focus of every new relationship should be the other person … who they are, what they do, and ultimately, how YOU can help them!!

That’s how you build a win win relationship! That’s how you assemble your REI Power Team!

The Network Magic Opener

I created this to help investors avoid the mistake of not focusing on the other person. By asking lot’s of questions, you can find out exactly where someone may fit on your Power Team.

The number one question in your mind when team building should be, “How can I help you?” Because invariably, the other party will want to reciprocate and help you in your en devours.

It’s been said by many, “If you help enough people get what they want, you’ll get what you want.”

Structure of The Network Magic Opener

I. Introduction

II. Questions About Meeting (only if at networking meeting)

III. Questions About Their Occupation

IV. Questions About How Can You Help Them

V. Closing – Appreciation, Reaffirm How You Can Help, Let’s Stay in Touch

Sample Script When Networking at Your First REIA Meeting

Introduction – “Hi, I’m ___________. I’m new here.”

Questions About Meeting – “Have you been coming to this meeting for awhile? What are the meetings usually like? What’s your primary goal when coming to these meetings . . . to learn, network, find deals? Who runs the organization?”

Questions About Their Occupation – “I would assume you’re an investor? How long have you been investing in real estate? Do you have a particular niche that you focus on?”

Questions About How You Can Help Them – “I’m newer to real estate investing but am hitting the ground running. Is there any way that I could help you? What would be the best kind of referral I could send your way? What do you look for in a good investment?”

Closing – “It was great to meet you < insert their name >. Here’s my card. When I come across a situation like < insert how you can help them >, I’ll let you know. Let’s stay in touch . . .

“How to Become a CIA” Action List

1) Join your local REIA and become an active member. The potential benefits to this are too many to list.

2) Map out your action plan for assembling your REI Power Team. Write down the specific steps that you are going to take. Be as clear and detailed as possible.

3) Memorize the Network Magic Opener. Customize it so that you can use it in other parts of your business as well. And keep in mind that real estate investing is a team sport … it’s a relationship biz … continually ask, “How can I help you?”

4) Leave a comment with your thoughts, questions, and suggestions. I love to hear from you all … (that’s what keeps me going) …

Happy Investing!

Here are the links to the rest of the series . . .

Intro | Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 7

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Tags: creative real estate investing, how to become a cia, network magic opener, power team, reai, real estate investing, real estate investment association

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