Ep #601 - The Power that comes from Speed of Implementation - Own Your Power Success Tip
Lifetime Cash Flow Through Real Estate Investing
Rod Khleif
4.6 • 1.4K Ratings
🗓️ 23 August 2021
⏱️ 7 minutes
🧾️ Download transcript
Summary

Putting things into motion quickly for a competitive "leg up". Rapid implementation involves identifying opportunities and quickly responding to new problems. Rapid implementation can also help your company or team achieve their goals by quickly responding to changes in the economy, changes in local and national politics, and changes in consumer sentiment.
Transcript
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| 0:00.0 | Welcome to own your power. I'm Rod Cleef and I'm thrilled you're here. Now, this is where I share with you the most valuable things I've learned about the psychology of success. I'm going to show you how to own the incredible power that's already inside of you. |
| 0:15.0 | 80 to 90% of your success in anything is just psychology only 10 to 20% the action mechanics. Now these own your power clips combined with my interviews with real estate experts are designed to provide you with all the tools you need to be a massive success in real estate and of course in your life. |
| 0:32.0 | Now if you like what you hear on these segments, please subscribe on iTunes and leave us a five star review so we can reach more people. I'll see you on the inside. |
| 0:40.0 | So if you're an accredited investor, please listen up. Now we're raising equity for a beautiful 296 unit asset. We're buying in San Antonio. And if you're accredited, I would encourage you to get on our calendars right away to chat about this deal or you can go directly to our portal to watch our video presentation. We did on it. |
| 0:57.0 | Now this exciting asset is projected to have over 10% cash on cash and over 15% IRR, but what's really impressive is that even with that, it literally breaks even day one when we close at 41% vacant economically vacant or basically 59% occupied, which is very unusual in this hot market. |
| 1:17.0 | So if you're accredited and interested in talking to us about this exciting opportunity, very conservative opportunity, text the word partner to 72345. Again, that's text the word partner to 72345 and we'll set up a call or if you just want to see the video presentation. We did on it. |
| 1:33.0 | You can go to CRECAP.com CRECAP.com and go directly to our portal. And if you like what you see, go ahead and register. So again, that CRECAP.com or text the word partner to 72345. All right, let's get to it. |
| 1:50.0 | Today I want to talk to you about the power that comes from speed of implementation. So what do I mean by speed of implementation? I mean, not taking forever to move forward on something, taking action quickly. Now this is super important topic and actually an important secret to success. And if you're analytical and you find yourself getting locked up or regularly slowed down too much, it's even more important for you. |
| 2:20.0 | Now I want to be clear about something first. I'm all about due diligence, making sure you check everything out and protect yourself by doing your homework before you make any sort of investment or big move. |
| 2:30.0 | So when I talk about speed of implementation, don't think I'm talking about taking shortcuts or skipping important steps. Speed of implementation is about putting things in motion quickly so that you can create a competitive leg up or a first mover advantage as it were. |
| 2:45.0 | Now speed of implementation involves identifying opportunities and then quickly taking action on those opportunities. Let me give you an example. |
| 2:52.0 | We found out about a fantastic deal in Dallas a couple of years ago and we had literally one day to make a decision and put up earnest money and we did it. |
| 3:00.0 | Now that deals worth approximately 10 million more than we pay. Now of course there were other nuances to this, but did we have to know everybody involved in the deal for months and months when we first found out about it or have spent months evaluating it? |
| 3:13.0 | No, we didn't. We wouldn't have gotten it. Now this is an example of speed of implementation and we've got several examples of other deals that we purchased like this because we moved quickly. That's how we were able to get them. |
| 3:24.0 | Now speed of implementation can also help your company or your team achieve their goals by quickly responding to changes in the economy, changes in the local and national politics, changes in consumer sentiment, even changes like COVID which happened to us. |
| 3:39.0 | Now remember when COVID first hit and we were scheduled to have 800 people attend a live boot camp in Orlando and we were kind of freaking out and didn't know what we were going to do and we had to move very quickly to bring our boot camps online. |
| 3:52.0 | I literally shot the video for our virtual boot camp in my backyard with my cell phone and you know we had the website up in a couple of days. That's an example of speed of implementation. |
| 4:02.0 | Now as a leader you know that being indecisive can cost you time and money. You know your ability to quickly sift through all the available data and make a decision is critical but speed of implementation isn't just about decisions and direction, it's about doing and actually getting things done. |
| 4:27.0 | It's getting down to work immediately once the decision has been made. In order not to drop balls while you're implementing new ideas or solving problems, I've come up with a method that really helps get things done. |
| 4:38.0 | Now you've probably heard me say I'm a fire ready ain't kind of guy and if you like that at all you should pay attention but if you find yourself suffering from analysis paralysis then definitely listen up. |
| 4:48.0 | So the first step in becoming expert at speed of implementation is to know your goal. You have to know what the end target is so that you know where to aim. |
| 4:55.0 | If you're running off at full speed that doesn't win races if you're all over the place. Having a specific outcome helps you narrow your choices and helps eliminate distractions. |
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