Real estate is a people’s business, so to be successful in the industry, investors must make the most of the connections they build with others. Why is it necessary to network with potential lenders - and are there any advantages to teaming up with other investors? In this episode, Managing Principal at GenWealth Capital Group and host of the Commit to Wealth podcast, Juan Vargas discusses how to make the most of relationships in real estate.
Takeaways + Tactics
Don’t go it alone. As business leaders we should be leveraging the skills of others, instead of trying to do everything ourselves. We have to have teams in place if we want to see results.
When raising money, it’s important to network effectively. Don’t be afraid to talk to other industry professionals, join masterminds and meet new individuals. The only way to raise money is by actively engaging with potential lenders.
Team up with other investors, and be willing to take a smaller percentage of the financial rewards. A smaller percentage over a longer period is a great incentive.
Guest Bio-
Juan Vargas is a multifamily investor and syndicator, and the Managing Principal at GenWealth Capital Group. He is also the host of the Commit to Wealth podcast. Juan first entered the investing space when he was looking for a way to spend more time with his sons, and today he is passionate about the opportunities real estate investing offers to those looking for a passive income.
To find out more about Juan, visit
https://www.linkedin.com/in/thejuanvargas
You can also find him on Instagram: @thejuanvargas
And email him on juan@genwealthcapital.com
Other resources mentioned on this episode:
Cashflow Quadrant by Robert Kiyosaki
Good to Great: Why Some Companies Make the Leap...and Others Don't by James C. Collins
