2nd Step for JohnKS - Posted by Mark R in KCMO
Posted by Mark R in KCMO on December 08, 1998 at 17:40:28:
Great to hear that you have a motivated person wanting to talk to you about the posiblities for teaming up. I personaly Like working with partners many other do not.
Here is my Opinion of your 2nd step…
In your own mind design what you would consider the idea working relationship with this or any other partner. Think about what duties that you can currently perform and what things you would like to learn.
I already think you know the numbers side of the biz and seem increasingly comfortable with dealing with sellers.
Do not hold back your knowledge and thoughts, Be clear about what you want and what you are willing to do to get there. Make sure that this person understands where you are headed and what you are seeking, then and only then will both of your benefit from this experience.
Unlike minds will cause excess frustration and fears.
Like minds will create a place where both of you will grow and together. You will advance to faster then you may think possible.
This is a skill in itself, one that is overlooked by many. I think this is one of my stong points, as always nothing is 100%. I think that I can learn someone’s depth of knowledge by acting like what they are telling me is totally new knowledge and questioning thier reasons for doing things “this way”.
I have met both real estate investors and people who buy and sell house that call themselves investors.
Decide if you want this to be a pernament realtionship or a temporary one.
There is nothing wrong with going into biz with people that you do not plan to be in business with for the next 30 years. When you both are on the same page and both know that you are woking on a deal by deal basis, or are staying together until to both grow to the point that you can be independent that is great!!
If you seek to be properous, give your knowledge and information freely, if you want to strugle and work all the days of you life keep your knowledge to yourself.
John, You have done a fantastic job, keep it up, you will get to where you dream to be.
Feel free to ask me any questions that you may have.
Mark R in KCMO