Robert Kiyosaki’s Cone of Learning illustrates that while we only remember 10% of what we read after two weeks, we recall a full 90% of what we say and do. And that’s why aspiring investors who work through a simulation of their first deal are so much more confident than those who don’t practice the process beforehand.
But what does it look like to simulate your first multifamily deal? Where can you go to rehearse the steps in the Deal Maker Blueprint and gain the confidence to follow through?
On this episode of Financial Freedom with Real Estate Investing, Nighthawk Equity President Drew Kniffin joins me to discuss our upcoming Deal Maker Bootcamp in Orlando this January and explain how the workshop simulates the process of finding and closing on your first multifamily deal.
We explore the benefits of simulating your first deal and following a proven process, challenging you to master the critical skill of analyzing deals quickly and accurately.
Listen in for insight on the three kinds of people you need in your real estate network (and where to find them) and learn our top strategies for simulating your first apartment deal and building confidence while you practice in a safe environment.
Key Takeaways Robert Kiyosaki’s Cone of Learning
Remember 10% of what we read Remember 50% of what we see and hear Remember 90% of what we say and do The benefits of simulating your first deal
Builds confidence Know what to expect if LOI accepted How to simulate your first multifamily deal
Practice in throw away market Visit larger properties Build sample deal package The 3 kinds of people you should network with
Peer group (Deal Maker’s Mastermind) Mentors who’ve done what you want Partners with complementary skills Why we recommend following a proven process
Don’t have figure out next step on own Avoid expensive mistakes The benefit of being able to analyze deals
Need for negotiating and making offers Confidence to talk to brokers/investors Connect with Drew Kniffin Nighthawk Equity
Drew on Twitter
Drew on LinkedIn
Resources Register for Michael’s Deal Maker Bootcamp
Learn More About Michael’s Mentoring Program
Join Michael’s Deal Maker’s Mastermind
Learn More About Deal Maker Live
Get Michael’s Blueprint to Your First Multifamily Deal
Access Michael’s Syndicated Deal Analyzer
Join the Nighthawk Equity Investor Club
Financial Freedom with Real Estate Investing by Michael Blank
Robert Kiyosaki’s Cone of Learning
Sample Deal Package
The Deal Maker Certification on MB EP262
Podcast Show Notes
Michael on Facebook
Michael on Instagram
Michael on YouTube
Apartment Investor Network Facebook Group