The flow to your real estate investment business - what is it and why do you need it?
Everything has a flow to it. A process, a map, something that tells you what happens and how it works. The same thing applies to real estate investing and the sooner you have your flows laid out, the sooner you can become scalable.
Watch this video to learn more about what makes a flow, why you need to have at least one in your business, and how you can use it to scale your business!
Key Talking Points of the Episode
[00:19] What is the “flow”?
[01:16] Finding the flow in real estate investing
[01:38] Creating a flowchart for the process
[02:21] Having different product lines in your business
[03:28] Building a flow for each product line you have
[04:05] Preparing your business for scalability
[04:23] Scaling your real estate investing business
[05:25] Removing yourself from the moving parts
[06:02] Action plans for scaling your business
Quotables
“Not only do you need to set up a flow for your real estate business, but also for each product line of your business.”
“Some of the moving parts are gonna be the same in the wholesale business compared to rehabbing, but the other parts are going to be completely different.”
“One of the best things I can tell you to do is to take some time and write out the flow of your business. That will have a major impact on how you can actually approach your business to prepare it for scalability.”
“If you don’t understand all the moving parts and lay that out where you can create a visual for somebody else to see that and see how that works, there’s no way it can be a scalable model.”