Manage episode 303052667 series 2942547
I just got off the phone with one of my coaching members, and he posed a very good question that I thought would be great for the podcast…
“I’m buying the land for a residential assisted living deal. I’ve secured the land, the loan is set up, and I’ve partnered with a couple of guys. But I’m doing everything myself, and there just doesn’t seem to be enough time. You’ve got 3,000+ units. How do you do it Josh?”
Most people don’t realize how much work it actually takes to run a commercial real estate business. Not only will doing it alone limit your growth, but it’s a surefire way to completely burnout.
Yes, I may have 3,000+ rental units, but I also still have a life. I coach my daughter’s volleyball team, I coach my son’s football team, I get to spend time with my wife, I get to vacation, go to the gym, and lot’s more. I can still do all of these things—but that’s because the weight of the business isn’t resting only on my shoulders.
The commercial real estate business is a team sport and I’ve learned how to play the game! If you want to scale up and do more deals, you have to know how to build your dream team and divide up the responsibilities. That’s what you’re going to learn all about on today’s episode!
- How to invest in commercial real estate without spending your whole life working.
- The importance of dividing up roles and responsibilities between you and your operating partners.
- Where do you find your dream team?
- The organizational structure of my company and what every team member is responsible for.
- What percentage of your business should you give up to bring on the right people?
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/227
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