Almost as good as cash
There are all kind of currencies that you can use to launch, grow and turbo charge your Michigan real estate business.
Cash is just one of them.
Gratitude is another type of currency that most Michigan real estate investor never gather, never bother to collect, never learned how to use effectively in their business.
For example, I just finished teaching the Quick Start 2007 Bootcamp (next Quick Start is happening on July 13,14,15 in Troy – we were SOLD OUT! Two weeks earlier for June – don’t wait and miss out again.) and I freely give away my Michigan real estate contacts away to the grads. Most of them are shocked with my openness but as I explained to them - it is a strategy that they should copy in their own Michigan real estate business also.
I do it to collect the currency of gratitude from my money sources, contractors, my property inspectors, my landscaper, my title company, and my appraiser in Michigan
So when I need something (a property inspection done in the next 4 hours; an appraisal done and emailed by tonight; a hard money deal closed in 3 days) I can call and expect immediate, rapid, fast response because I have given and given and given before I have asked.
Very hard for people to sallow especially if they work for somebody 9-5 for a paycheck on Friday because they are used to exchanging what they do for somebody for money only. They are “trained” to expect wages in exchange for work. I think a little differently. When you own your business you cannot be that short sighted. You want to collect markers from people that can help you grow your business.
You should do it too. When you find good people in your Michigan real estate investing adventures – you should promote them, give their contacts away, keep them fat and happy in their fields by sending them referrals so when the day comes when you need something done quick – they will walk on hot burning coals for you.
Cash is good; gratitude sometimes is even better.
