Charity. It’s something we typically like to give to but most of us don’t do it as often as we’d like. It’s a feel-good gesture that warms our hearts and helps others in need. We tend to think about charity during the holidays or during times of tragedy, but a few investors we know are giving a portion of their profits from each deal to charity. This allows them to give more frequently and by doing it off their profits, it doesn’t feel like they’re missing the money since it hasn’t been in their accounts, really.
For those who have goals of giving a portion of their income to charity every year, this is a great way to stay on track and directly correlate their profit to their giving.
Raise your hand if you only give when the opportunity is right in front of you.
Most of us probably raised out hands.
Here’s the kicker though.
What if you let your motivated sellers know that a portion of their deal will go to a good cause AND they have input in what charity it goes towards?
Let that sink in.
Think that would set you apart from your competition a bit?
For many sellers, that could be the factor that sways them to you. By sharing with them a few charities that you donate to and letting them know they have the power to decide which of the handful of charities they’d like the money to go towards, it’s impactful.
It’s a preference on how public you want to be about your giving but why not share the good you’re doing for the community? If more share, then there’s the chance that more people will jump on the train and a big impact can be made.
With real estate investing, we’re fortunate to have some hefty profits from some of our deals. We’re talking about life changing money. Money that makes life comfortable for us. Not everyone has that luxury though.
What type of impact are you going to make?