Hey Moguls, Alex Pardo here…
Today’s awesome lesson is all about the concept of systems in a business – in your business. This principle is actually uber important – and one of the most important things that any business owner has to wrap their brain around.
I’ll lay it out there: If you don’t have systems, you don’t have a business – you have a hobby, plain and simple.
And, if you’re here on Mogul, that also means you are serious about your investing and it is more than a hobby for you. (Yay!) So… you need to know that building a business is entirely different from doing an actual real estate deal… even if you’re in the real estate investing ‘business.’
Real estate tactics and strategies are important, of course, but business-building skills are a whole different thing that you have to master if you’re ‘for reals’ about creating an REI business. And, included in business building…
has been investing in real estate for 9 years. Before he started working on his real estate investing business, he worked for GE Consumer Finance in their Financial Management Program. He quickly realized that staring at Microsoft Excel for 14 hours a day was the fast lane to the dreaded rat race, so he completed the 2-year program, and decided to backpack around Europe and Africa for 3 months, before diving into Real Estate full-time. Two months later, he closed his first deal and made $44,000. Almost as much as he made in 1 year at General Electric, and needless to say he hasn’t looked back. Fast forward to today, he has started several businesses and has learned as much from his failures as he has from his successes. To date his company has closed over 250 real estate transactions and has helped countless homeowners and investors in the process.