A dealmaker is an experienced risk-taker. Contact one by clicking below.Dealmakers are the people this school is intended to serve. Previous stages of learning are designed to create genuine investors. There is no need to go further up the chain in our real estate school. Our internal culture is constructed to the advantage of the dealmaker because his risk is high and his responsibility is highest. Others may tell you that everyone involved in a transaction is equal. While this may sound fair, only this level of investor is saddled with the liability of the property and mortgage. This liability can last thirty years, so the people who make connections for these investors, or lend them money are secondary.The greatest share of the profit in our philosophy goes to the dealmaker. They need community support because they are surrounded by an employee culture. Keep in mind that full time investors are less than one percent of the working age population, so coming together as a community is key. Real estate investors often do not recieve cash flow from property and this is thier biggest financial problem. The resulting lack of stability in their financial statements are normal, but dangerous. Investing in a cash flowing asset can be a way for a dealmaker to achieve balance once he has recieved his first huge check. "Flipping" is not investing. Dealing with the cash flow issue is what separates the survivors from the victims. Making 100K per year with a small weekly checks is alot better than making twice that in violent, unpredictable jolts. We are entering a time of unprecedented real estate opportunity. Often I am confronted by the question "why not build a business first, and then go into real estate?" There are many reasons, but my favorite is because you are more likely to come across a huge check (what we call a "checkzilla") as a beginner in real estate investing than in any other single way. What this means is you are more likely to burn your bridges as a result of this effort than going about it the 'safe but slow' way first. When it comes to making money, the faster you make it the safer you are. If you sign on to a generic multi level marketing company selling pills, you are way more likely to fail. But even if you do succeed at that, you are far less likely to produce big money. Only a checkzilla can give you the means and the confidence to cut the cord with your small thoughts. A little sideline that slowly replaces your job can take five or more years to build, which would be fine if you have that kind of patience or morale. Its just that statistically you are far more likely to give up on yourself in five years than you are in ten weeks. It took me ten weeks of hell to get through my first deal. If it took me five years of hell I don't know if I would have made it. My advice: use the newbie and hunter stages to get your credit together and away from your job. Get to the dealmaker stage as soon as humanly possible. If you want to jump into dealmaking, educate yourself in terms used by loan officers here: Investor Loans, a glossary of terms. You can also find a short list of local hard money lenders at this link to help you do a deal if you have no credit or income. It's perfectly legal and it is called hard money. Finally, here is a helpful link to a horde of data from Pima County concerning all kinds of planning and other legal descriptions if you have a property in mind. Pima County Data Links Page Return from Dealmaker to Tucson Investors
|
