Do you know how to access all the different sources of capital for creative financing that are right in front of your face?
At the end of the day a lot of newbie investors don’t even know what questions to ask.
They default to the same strategy over and over again, which is sad because it doesn’t work in all situations.
They default to the single strategy they know because they haven’t built their skill set enough to know how to use all the different creative strategies… and when to use which one.
If you don’t understand all the creative acquisition strategies available to you, it’s like a plumber who shows up with just a plunger.
While he’s there to fix the toilet… he can’t fix the problem if he only has one tool.
On the other hand, a seasoned plumber brings a full tool chest. He knows which tool to use to fix the toilet in any situation.
You as a real estate entrepreneur need to know lots of different ways to close deals. They won’t all be the same!
It’s like that plumber with only a plunger; he’ll be able to fix one or two toilets maybe, but he won’t be able to fix them all… and he sure won’t be fixing any pipes.
Same goes for you.
If you want to build your property portfolio, you need to know more than one or two strategies! Otherwise, you can’t solve as many problems as you would if you were to have a full tool chest of strategies!
The more creative acquisition strategies and creative financing strategies you learn the better off you’re gonna be at the negotiating table, too.