Do you want to invest (in real estate… or in anything else) but don’t have enough money? You’ll love this… In this blog post I’m sharing my very best “secret solution” for those who do not have enough money to invest.
I have the great privilege of meeting with a lot of entrepreneurs and real estate investors. Some are killing it in their local markets, others are just on the verge of starting up and trying to figure out how to get rolling.
And one of the common struggles I hear from most investors (no matter what stage they’re at) is: “I need more capital to do my deals.”
Capital seems to be the great bottleneck for investors. Whether you’re working on your first deal or your 101st deal, you can only move forward if you have the capital to do so. Otherwise? You’re stuck.
Fortunately, there’s a powerful strategy that I want to share with you to eliminate your lack of capital.
This strategy is so powerful because it’s proven to work consistently over and over… and not only that but it’s a solution that works every time you need capital whether you need one single infusion to do your next deal or you need an ongoing flow of capital to do multiple deals for years to come.
The “Unlimited Capital” Strategy
Here’s the solution to solve your lack of capital:
Meet more people.
Yep. That’s it. Were you expecting something more complicated or costly? Sorry to disappoint. The bottom line is: you may not have capital but other people do and the best thing you can do is to meet more build.
How To Do It
Get out there and build up your network. I don’t just mean collect names and business cards rapidly. I mean: get there and actually MEET people. Introduce yourself. Get to know them. Ask you how can help them. Build a relationship. Add value to them.
Who To Meet/Where To Meet
Here’s the other part that people are not sure about. Where do they find people with money? Your first thought might be to attend your local REIA meetings and that’s certainly a great step… but here’s the best part: that’s just one step. You should meet lots of people for ANY reason. Your drycleaner, your waitress, your minister, your mechanic, the cashier at your local grocery store… many of these people have money (and if they don’t now, they might in the future) and ALL of them want to make their little bit of capital go farther.
Work The Numbers In Your Favor
It’s said that we all know about 200 people. (Can you even list all 200 people in your life?) Start there. Figure out how to add value to those people. Then offer to help the 200 people THEY know. That’s 200 people you know times the 200 people each of them knows… potentially 40,000 people. Do you think some of them might have money? Probably they do.
So don’t let your lack of capital hold you back anymore. Use this strategy, start meeting new people, and create win/win relationships