Things That Are Holding You Back From Making That Leap

You know I think fear is the biggest thing and when people are dealing with investor capital, one of those fears is losing other people’s money. When you tell me when you are scared of losing other people’s money, I like that. I wouldn’t even take you on if you were one of those people that said, “Oh I am not scared of losing other people’s money, whatever it is their money,” right? It is not the attitude I want people to take. 

That is more precious than your own because they will help you grow but you got to help them grow at the same time. So that is a big fear getting over that and then you know, getting the mindset of your worth in the deal too. Like so many people think, “Oh if I could just get the money, if I could just get the money,” but you know there’s lots of money out there. You are the one with the goal and if you can get that mindset that’s going to make all the difference for you and you know yourself, I mean there is a ton of people out there looking for a place to invest in real estate. They don’t understand it, they don’t know where to start. So they want somebody who knows what they were doing a lot of times. They don’t have time to do it themselves so that is where you come in.

Full podcast episode: https://lifebridgecapital.com/2019/08/ws312-joint-venture-partnerships-and-the-power-of-airbnb-with-edna-keep/

I love the wheeling and the dealing and the upfront and getting everything in place and generally, I am very hands on for the first year of owning but you know after that that is not my forte. I have to have team members that can look after the building, keep it fully occupied, report to me all that sort of thing. That could be a challenge sometimes because they don’t quite want to do things the way you want to do them and they just have different ideas. So finding the right team members is absolutely crucial and that can be a struggle sometimes. 

And that means a lot of talking, a lot of interviewing, referrals is one and sometimes it is just taking the chance on someone when you know, you get a good feeling about them but you are not a 100% sure. So you put them in a position that starts somewhere where they can’t do any damage and then work them into a higher position where they can really be beneficial.

Full podcast episode: https://lifebridgecapital.com/2019/08/ws312-joint-venture-partnerships-and-the-power-of-airbnb-with-edna-keep/