Partnership-building starts with this basic principal: BE the partner you hope to have.Real estate partnerships combine different strengths and skills to get a project done.  Partnerships match money needing a project guide with someone who can complete a project.  It is critical to find and establish strong connections with the people who can invest capital and provide services, and the key to attracting their attention starts with your own qualities and self-confidence.

Attracting the right business partners is very simple… always do what you say and say what you mean. How do you do this in a way that will be noticed and appreciated by the people you most want to work with?

• Find as many people as possible and add value to their lives consistently without asking for anything in return.

• Always follow through on your commitments.

• Show that you have what it takes to find the deals and turn them for a profit. Deliver on the deal and it is doubtful that you will ever have a hard time raising capital.

• Structure your deals so that through good fortune and bad, your partners do not lose their principal – EVER. They may not gain if a project falters through no fault of your own, but by sticking with you they will not lose.

• Remember, you are always selling yourself, and that includes your own self-confidence.Keep this as your central mission and back it up with your actions. Living genuinely builds your own self-confidence, and will grow the confidence others have in you as well.

These things may seem cliché, but they should be at the top of any investor’s or business owner’s priority list.

Partnership-building brings together people who need what the others have to offer. Some want only to back the project financially, due to lack of time, or lack of interest in guiding a project to completion. Others contribute certain skills and talents but are not ready to take on the full project.  Leading and guiding the project to completion is a critical role in the partnership.

I know that one of the best ways to find a capital investor is to approach a family member or friend who has money, but no time.Maintain all the principals I have discussed above of integrity and self-confidence through each opportunity you have to be part of a deal.  You will quickly build a reputation as someone others who know you less well will want to partner and/or invest with.

What personal quality do you most value in a real estate investment partner?

Have you been sitting on the sidelines of real estate investing, wanting to get in but not sure where to start?  Today is the best time of your life to click on the “Resources” tab above, and schedule time to talk to us about your goals and opportunities!