The power of community ⚡
Hey Income Flippers,
I'm currently at Torrey Pines in La Jolla, CA spending time with my NAHREP family.
NAHREP is an organization whose mission is to create sustainable homeownership for the Hispanic Community and through the years I have witnessed the power of this amazing community in action effecting change at both the local and national level.
Let's face it, community matters, whether it's NAHREP, The GRID Community, or your local sports team. It connects us, inspires us, and makes us feel like we belong and that's good for business.
Today in 10 minutes or less you will learn:
✔ The Income Flip Framework: The Business of Belonging
✔ How to start an investment community
✔ How to network to find deals
It's easy to start a real estate investment community. All you have to do is set up a Facebook group or Meetup and in 5 minutes you are in business. The hard part is keeping it active and engaged.
The reason most fail is that the leader doesn't have a system, framework, or mission to keep it going, so after a short time they quit.
I have run my investment group on the first Tuesday of the month for the last 17 years, (it feels insane saying that out loud) so I have learned a thing or two about building community and running an effective meeting that I thought I would share with you in case you are considering leading a community.
Pull your members into the story. This isn't about you, it's about them. The more you share THEIR wins and achievements the faster your community will grow. 🙂
Be consistent. People need leadership in their lives and being consistent is the hallmark of great leadership.
Don't be boring. Your community wants to be entertained!
Create a mission that your community can rally around. We all need a north star! ⭐
So why would you even want to run an investment community in the first place?
I will let you into a little secret, 🤐 running an investment group is a massive lead generation opportunity.
Recently I looked back and reviewed how much revenue we have generated over the years at the number shocked me!
It was a high 8-figure number.
There is no doubt about it, building community is not only fun but great for business!
That said, the power that a community provides goes well beyond dollars and cents. The relationship that I have formed through the years are priceless.
Recently a new GRID member asked me how they should find a deal and I encouraged them to go to their local investment group and network with other investors.
One of the secrets to finding real estate deals is to effectively network with agents and investors. The problem is that most people suck at it!
They go to a meeting, talk to a few people, and then never follow up ever again. What a waste of time!
The key is in the consistent follow-up after you meet someone. You need to follow up via calls and emails along with a consistent message - "I buy x types of properties in X areas". You need to cement your position in their mind as someone that is actively in the game.
Here is my simple 3-step process for this:
The day after the event, I invite the person I met for a cup of coffee to learn more about their business.
I place the person in my CRM with an auto plan that will email them 2 times a month with content I created that will help them make money, save money or entertain them.
I call them 1 time a quarter with information or a deal that provides them value.
It's all about providing value.
I hope the simple framework above provides you with some value. 🤗
If it did, please let me know. I love hearing from you,
Rob
P.S. Attention Real Estate Agents! Do you want to increase your net worth to 7 Figures in 7 weeks and build a portfolio of properties that generate income for life—guaranteed? Join me for the fall GRID Agent-Investor Advisor Certification course kicking off September 5th.
