Execute at All Costs

Executing on your real estate deals is the most important part of being in business. Executing means performing and grinding through your projects to ensure everything is completed on time, budget and performed correctly.

Back when I used to go to a lot of real estate events and boot camps and guru stuff, it was all about finding a good deal. 'As long as you have a good deal, you’ll make it work. It’s all about the deal!'

Obviously you need to start off with a good deal, but it’s really all about the execution— properly executing, staying on time, on budget, doing whatever it takes to make sure the financial outcome of that project works out great. A good deal can end up being a bad deal very quickly. And a deal that, in hindsight, may have looked like a bad deal, can turn out successfully because you executed and did what you had to do to make it work.

There are a lot of people that f*** up good deals on a regular basis and I see it first hand. So make sure you are executing.  Write this really big on your whiteboard. Make sure you are executing on all of your projects and have a firm grip on every side of the business so that it goes smoothly and you are getting out every single dollar you expected to when you originally looked at the deal.