Yesterday we were finishing set up for our Multifamily Masterminds Winter Summit. It was a ton of work. Overall I think the event went successfully. My wife was taking notes on all of the details we could have done better next time so we will have another event in the near future!
I was reflecting on why I put so much time, energy and financial resources in putting out free content, networking and building relationships with people with no expectation for anything in return.
Well it's part of a 30 year plan! I am digging a well that will produce wealth and prosperity long after my time on earth.
Real estate entrepreneurs get frustrated when they take action and don't see immediate results or don't "see the point" in doing something. "It's not worth my time to help a colleague out or put the ladder down for someone else. What's in it for me?"
If you are going to build long term business relationships you need to focus on making a deposit into those relationships instead withdrawals.
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Matthew Drouin is a full time real estate investor and REALTOR with 12 years of acquisition, disposition, development and management experience in Rochester, NY.