Your pipeline of deals is finally starting to see some consistencies in getting a deal or so a month, and you’re ecstatic. Money is coming in and you’re starting to develop and tweak your systems and processes in your business.
It’s an exciting time in your business.
Instead of focusing on the “surviving” aspect of your business, there’s a shift so your new focus is on your business “thriving”.
You’re starting to think about the future and the best strategies to help equip yourself to scale your business.
Essentially, your goal is to start working “on” your business instead of “in” your business.
So… is it time to join a real estate investing mastermind?
It’s important to first take a look at your business and see how many deals you’ve done in the last 6 months, last 12 months, and how many you project to do in the next year.
Most masterminds are going to have minimum requirements that are based on deal volume. Of course, with certain high-dollar markets, low volume with highly profitable deals usually work also. Let’s face it, it’s easier to do 50 deals in the Midwest than it would be to do 50 deals in California.
After looking at your past and future deal flow, ask yourself if you’re willing to be vulnerable in front of our like-minded real estate investors.
Are you willing to share your strategies that have brought you the most success?
Are you willing to divulge your struggles and challenges you’re having in your business?
If you answered ‘yes’ to both of the above, you might be ready to join a real estate investing mastermind.
It’s critical that you go into a mastermind meeting knowing that you might have other investors who are in the same market as you and it not stop you from sharing your secrets.
You never want to go into a mastermind with the plan to take as much knowledge as you can in without giving the same amount or more back to the group.
You have to have a giving attitude.
The more you give, the more you will receive.
If you’re protecting your secrets, you’re not helping the group as a whole and it will become noticeable very quickly.
What’s amazing about real estate investing masterminds is that there’s a natural culture that’s created and members truly care about each other and many times, start working with each other. This is because there’s a level of trust that’s built and understanding that we’re all in this together and we rise together and fall together.
Are you ready to be open and giving to others?
Are you ready to take your business to the next level with strategies you take away from other members?
If yes, it’s time to start looking to find the right fit.
Look at the current members of different masterminds. Do you know anyone in there? Does it seem to fit with your level of volume?
Do they have common core values that you agree with?
Will you be able to have a high ROI on the cost of the mastermind, based on the amount of deals you’ll be able to do BECAUSE of joining the mastermind?
In Investor Fuel, members often mention that 1 key nugget of information was able to transform their business and they made 10x the cost of the investment because of the nuggets they discovered and even the relationships they’ve formed after joining.