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how the most successful entrepreneurs get really rich

One of the things that I spent a lot of time on at my recent Investor Discovery Day Event was the change of investment models. One thing I suggest with all of my students is you need to be looking for other ways for commercial investment real estate to make you money.

If you are just looking at finding an apartment or commercial investment property, purchasing it, and holding it for cash flow and then forgetting about it you are making a huge mistake. Why? There are many other ways that you can make money with apartments and commercial investment real estate. I call them alternative ways. Or if you like-Alternative Ways To Cash Flow Apartments and Commercial Investment property.

One of the first exercises you need to go through when you are buying and even when you are selling for that matter is asking yourself the following question. “What other ways can I make more or the same amount of profit, cash flow or sales proceeds from this transaction besides the typical ways? What am I NOT thinking of?” After you ask yourself this question you then write down a minimum (yes minimum) of 10 other ways to make money from your purchase or sale. Take your time and write these down. What helps me is I think in stages of what provides the most cash flow, what provides the most cash now or what provides the most predictable rate of return, what provides the most tax savings, etc. If you think in these stages you will many times come up with at least two or three MORE ways to profit from the purchase or the sale of the commercial property or apartment building. What you will find many times is ways to make even MORE profits than your where your current path is going to take you. Of course, you will have times when you go through this process you will come up with nothing, however, if you can make as much as $50,000 profit isn’t it worth 45 minutes of your time to spend on it? I mean this is how to make $50,000 an hour isn’t it?

This is how some of the most successful entrepreneurs (many of which occupy the Forbes 400 list) have gotten really rich. Not just well off but I am talking rich.. What they did was take a look at the NORMAL way something was done and either came up with a new way to do it OR they came up with a slight variation of this. By looking at it a bit differently in many cases they became geniuses.

Now, if you want me to let you in on a secret that will earn you an additional $10,000-$100,000 in profits this year here it is. Treat your real estate investments like a business and look at these investments like these entrepreneurial geniuses did. The good news is that it really does not take a lot of effort on your part. Just thinking.

As Earl Nightingale said the biggest problem with people is that they don’t think. The biggest reason they are not as successful as they would like to be, in any venture, is that they do not think. Just spend time and think. What OTHER ways can I make money with this property??

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