Managing Partner Time To Be Great, LLC Global Independent Distributor Healy, Vollara, Xelliss, BEMER Business and Real Estate Coach, Consultant Professional Speaker, Author
Time To Be Great LLC is the name of our company or TTBG. The time is now as many businesses operating in the traditional fashion are not working very well. Just today a report was published stating that in major metro markets more businesses are closing than opening for the first time ever. On the same day I sent the first draft of our business summary to my partner for review before it is sent to those interested who have signed an NDA or non disclosure agreement. This article offers the main features of our business as our goal is to attract more who are interested.
TTBG Defined and Our Foundation Principles
TTBG is an innovative business development platform that solves the problem of people and companies that have assets with substantial value and inadequate liquidity (cash) This uniquely valuable business model operates with very few absolutes. The few include:
TTBG controls the asset and the deal
We only do business with people we know and want to work with or who come highly referred and pass our vetting.
Before an asset is assigned to our control, there is a notarized memorandum of understanding that includes the terms and conditions a preferred member in our company first. Once done the asset is assigned and we proceed to the capital raise phase.
Sources of funds for our assets already assigned to TTBG or to be controlled in the future are highly secured by our assets and by the shares of the preferred members assigning the assets to our company. There is another additional benefit: a person participating in the funding that is liquidity for our assets is also a preferred member. They in essence have preferred stock. All are defined with a notarized memorandum of understanding prior to the funding. The value of that funding position is determined by the value of our company which already is increasing rapidly and the time the funds are deployed.
We honor all referrals for assets and funding.
Near Term Priorities
We are in the next phase of connecting with potential preferred members interested in funding liquidity for the assets already controlled by TTBY Our interest in valuable assets including real estate, manufacturing, retail, more that need liquidity is ongoing.
Contact For More Information
Steve Pohlit . Managing Partner
Time To Be Great, LLC
A Must Read Book For Those Who Care About America. Listen to The Interview Now. The Book Release Is August 23, 2016.
Two days before the launch of his newest book Angry White Male and one day before the start of his book tour, Steve Pohlit hosted this interview. Hear Wayne’s passion for America, his candor about the true state of our economy and nation.
Just like the book, Wayne does not hold anything back during this discussion. We covered a lot but you really owe it to yourself to get the book. The easiest place is on Amazon and it is available for immediate download.
Wayne and I thank you and welcome your reviews on Amazon.
Click Here For The Interview in mp3 format. You can import it to your phone
Share this information with your contacts and on social media.
Wayne’s website is RootforAmerica.com where you can register for all his media updates.
We look forward to your comments here and on Amazon
Adapted from the book Building Business Profits Fast by Steve Pohlit and published in 2013 on Amazon, updated here based on new experiences.
My background briefly: Professional Speaker, CPA (inactive now) , MBA, Arthur Andersen (world’s largest public accounting, tax and consulting firm before being destroyed by Enron) , Financial Executive of three very large companies, Board Member, worked with very successful very well known business people and then I went into the entrepreneurial niche where I bought ans sold companies, started new companies and more. I have made a lot of money and lost a lot more. Making a lot of money is better. Losing resulted in me learning the most. With that it is better to follow my advice rather than experiencing those negatives yourself.
From my own experiences including being mentored by some amazing people, coaching hundreds of people and seeing the results, I feel I am well qualified to present these action steps. I honor your time and attention and my intent is to deliver extraordinary value.
Starting With An End Game Component In Mind
The end is where you have raised the funds and you close a deal. If it is a flip I am talking about closing on the sales side where your profit is made or not. If it is a buy and hold profit begins when the cash flow starts and meets your projections. If it is wholesaling then it is when you are paid for the assignment of the contract.
I recently did a video on how to do deals when you have no money. Actually the principles apply whether you have money or not. In most cases I am an advocate of partnering for money. Most deals get done with a combination of debt and equity. A seller financing deal is where the seller is the bank. Buy fix and flips, buy and hold, are usually always a combination of debt and equity or loans and cash. If you are wholesaling in any meaningful way you are likely to have developed a team to support you and they typically get paid when you make money.
To make any of this work you have to demonstrate your plan showing what is in it for the sources of money is worthwhile and secure. The sources of money have to have the confidence in your plan. For your plan to be worthwhile you need to have a strategy for what you are doing. You can network without a strategy and plan however the most you can do is build your list of possible lenders and equity partners for your deals.
I network all the time and have coached many people on how to do this effectively when you don’t have a specific deal to pitch. That is outside the scope of this article. Contact me if you want more information.
Back To The Beginning Step 1
If you want to Build Real Estate Business Profits Fast you decide to do that then make a commitment do follow what it takes to make that happen. This article gives you a lot of what is required to make that happen.
Step 1 Define the goal – Part of Deciding and Commiting is to be clear on a measurable outcome
Go deep inside and ask yourself what is the goal? In my experience everyone has the same goal but most do not know what it is. The goal is the same for everyone, but the details of what that picture looks like is different.
My friend Gary King author of The Happiness Formula also found on Amazon, has interviewed thousands of people at events worldwide and asked them why are you here? The answer in 100% of the cases was “to be more successful” He then asked what is success? The answer always was to have more money?
Today I am going to share with you the formula for making money fast in real estate. First it is important to let the following sink in: “more money is not success”. Being happy is success. Having more money so you can make a difference with something you are passionate about is in my view a major component of being happy.
More friends, more recognition, more of anything is not success. Being happy is success. I have never found that being selfish brings happiness. I have found that part of being happy is being healthy – having the energy to make a difference in whatever you decided to do.
Step 2 Your Why
I thought about making this Step 1 and realized most people can relate to specific goal setting and then begin to stumble when asked Why?
How to be clear on your Why.
Decide what you want to experience. Everyone wants to have experiences . Maybe your why is to create an account to fund your child’s education. Maybe you want to create assets that cash flow month after month that pays for the lifestyle you want and helps others. Maybe you want to build a big business that makes a huge footprint in something that you are passionate about. For me I have a very big why and it drives me every day.
You have to have a why and then your income goal needs to line up with your why. Key point if you think having the money, the car the house, the travel – whatever will make you happy I have a big surprise for you – learn to be happy now and you will then be happy later with those things. If you do not learn to be happy now, you will wake up with more stuff and not be happy.
Step 3 – Mindset and Skills
Once You Decide and Develop the Picture of The Life You are Intending to Experience (your ideal scene) that fuels your happiness then You devote time to self development work. Self development includes acquiring specialized knowledge and includes acquiring wisdom.
All of us are well served by specialized knowledge. In real estate we have Larry Harbolt, Pete Fortunato, Bill Cook and many others in who teach us specialized real estate knowledge. Then there are the authors and speakers that are popular nationally. Grant Cardone is a great teacher of sales and closing deals. Eric Worre, Randy Gage and others are great teachers on building teams. There are numerous teachers of principles that help us become a better person. Jim Rohn, Robin Sharma, Wayne Dyer, Mike Dooley, Neale Donald Walsch, Gary King and many others are great teachers..
Get Podcasts on your phone, subscribe to YouTube videos. There are many resources to help you and the majority of those very valuable resources are free. Select what resonates with you. Select those that address what is blocking you. You must invest in yourself every day. Invest in yourself and take directed action otherwise you will become stuck. Journal your ideas, progress and set backs.
Be aware of getting stuck. In Chapter 4 of my book I address what is the major block for all of us – fear. If you look at where you have allowed fear to creep in Go back to your resources that you use for self improvement area of self development. The better you become the more confidence you have. Invest in becoming better. If you really are stuck because of fear, contact me and I have other suggested resources to help you. Recomended resources are free unless you want to be coached.
I go to a lot of networking events. The more I connect with people the better I am at communicating what it is that I am developing. Recently I started using Facebook Live to get out more messages because people do not read like they used to. So I take those feeds and upload them to YouTube. I populate them to other social media sites. That is leverage of my time. It is also me practicing being in front of people. I will be much better at that 6 months from now than I am today.
When I was on stage in front of hundreds of people all the time and on the radio interviewing several well known celebrities every month, I got good at it. I have not done that for about 4 years. I am dusting off the cob webs now.
Last Wednesday I went to an event which was the launching of the New Thought Channel on Internet TV. I listened to a lady who described herself as an entrepreneur and in the 5 minutes she had described how years ago she put the box CSO at the top of her organizational chart.
Every morning she has a structured meeting with her CSO She details the steps for this meeting in her book The Path To Wealth: Seven Spiritual Steps For Financial Abundance. I went to Amazon and downloaded the Kindle version – I think it was $9.95 and have been having my own meeting now every morning and I really feel good about it. What do you think CSO stand for? Include your answer and any questions in the comment section below.
Step 4 What is it that you are passionate about doing?
In the real estate niche there are many different transactions. Realtors, wholesalers, flippers, buy and hold, commercial multi-family, etc I started 3 buy fix and flips in January of 2015 I had a plan to do about that many each month. I stopped and 3 and that is all I did.
I have done about 10 flips total in my real estate career and each one was stressful. I stopped. I connected with some people and I now know the deep discount single family home model and really like it. It is small business for me and my goal is to make it a lot bigger.
I got a call in October last year to look at another business and it shifted my focus almost immediately as I realized what the system is doing for people’s health .
I was at monthly REIA meeting last year and learned real estate niche that is not widely known. I am quietly looking at developing that model. While networking for real estate deal funding I met a guy who started helping me with my plan to raise larger amounts of money. Outside of that goal, he connected some dots and we now are offering an opportunity for residual income long term secured by real estate with very exciting returns.
I have learned how to be smarter about what I am doing in areas I am passionate about. Higher returns, money well secured and very low risk is how I define smarter.
What is it that you are passionate about? Start with that now compare that life, your ideal scene, to where you are today. If you are making $3,000 a month now and you want $20,000 a month or $1 million a month you need to define how you are going to build that. It is not going to happen if you have not defined it. It is also not going to happen if you have not defined it by month, by week and depending on your business, by day. If you are a wholesaler and you average $3,000 a deal and you want to make $15,000 a month. How many deals do you have to do? 5 How many a week ? About 1
Step 5 Once you define your financial targets in increments that make sense then you need an action plan that will hit those targets. Larrry Harbolt recently posted on Facebook the reminder that we have to make offers, intelligent offers. Bill Cook has been encouraging people to door knock and make offers.
All of that advice and more is about taking action. What action is required? It depends on the deal. Is it a buy and hold, are you looking to fix and flip, are you wholesaling at deal. One wholesaler I know fairly well has his stats on how many letters he needs to mail each month to get the number of deals he wants. It is a very accurate statistic and he works that system all the time. He is successful with it.
I promote the opportunity of owning income producing houses. Do you have to make an offer? No you just have to flow the purchase price into escrow until we get the deed and note transferred to the name you want. That is easy and yields 15% net. Do you want even higher returns? I have two other business models that will yield excellent returns. One is an opportunity to build your own multi-million business fairly quickly. The other is an income producing opportunity secured by real estate Are you interested in knowing more? Contact me – all my contact information is at the end of this email.The point is you got to have an action plan designed to hit your income targets.
Step 6 Measure the actual results vs plan.
If you want to do 3 flips that average $25,000 net to your bank in 12 months then you need to have deals the pipeline and I would recommend wholesaling the ones that you find that a good but where you do not have the capacity to do yourself. If you want to do 6 or more flips, you will need a team and systems to make that work. Whatever you choose to do there is a plan of action that needs to be implemented and actual results for each step in the plan need to be compared to plan
This is the basis for the Gold Formula that is an entire chapter in my book. I called it The Gold Formula because once you have a plan and you measure the actual results vs. the plan you get a variance. If the variance is positive great keep doing what you are doing. If you put up 25 bandit signs and you get no leads that convert into deals you must change something, Maybe you should be door knocking, working more closely with wholesalers, sending letters to houses in probate, bidding on the bank owned property list – if something isn’t working you got to change what you are doing. Back to the sign example – maybe it is your message. Are you testing messages on your signs?
This is a birds eye view of the process with enough detail to help you move forward builind a business and not just doing transactions.
I Can See Clearly Now! That is the title of a book by the late Wayne Dyer who is one of my favorite mentors. What I am seeing clearly now is the path to a ten million dollar business and more materializing in the next 18-24 months. Some may not desire to have a business of that size, some may want an even larger business. Regardless I can show you how this is practical and possible regardless of your background. Contact me for more information.
Contact Information
Steve Pohlit
Text 727-224-4743
Email stevepohlit@gmail.com
Before I detail the formula understand that being rich is a lot more than making money. Rich includes a healthy body, quality friendships, honoring our family and more. Whatever you include in the definition, financial security takes away the worry that is pervasive for many and allows our energy to be devoted to our health, family and friends. It allows us to help others.
How To Get Rich – A Formula For Earning A Million $1,000,0000 A Year or More Fast and Ethically
Million Dollar Math
I know the principle but did not originate the phrase. That credit goes to Grant Cardone. Great mentor – get his Podcasts, YouTube videos, connect with him on Facebook, Twitter, LinkedIn. I do all those things and I have purchased three of his books and some courses. Great resources.
Million Dollar Math means you have to know the numbers that will get you to a million dollars or more of annual income. Note I am not talking about the value of assets like a home or business. I am specifically addressing what it takes to make a million dollars or more of net cash flow before taxes each year.
I know people who earn $1 million and more each year. I had that experience one year that is another story. I will only say this. At the time my mother said to me that I should retire. That was the furthest thing from my mind. So many days I think about how often she was right. Do I have regrets? I would have done things differently. To have regret energy is a waste of time.
Until recently I would say that with passion, focus and the right products or services, it would take on average 10 years or more to have a business that delivers $1 million or more a year residual. That means the income flow continues whether you continue being active in the business or not. Do people do that in less time? Yes they do. However what they have done is generally not easily replicated.
I have now met people who less than a year ago started a $0 and are now making $1 million or more annually residual and it is not a network marketing model. There is one thing they all have in common: hustle! I am shifting my own focus to do the same and more.
I will begin teaching you how to join me if you are seriously interested.
How To Make $83,350 A Month Starting In Less Than Two Years? That is $1 million a year.
First step is make a decision to do that.
Develop a game plan.
Take action on the game plan.
Adjust the game plan based on actual results.
Part of Step 2 is selecting the right industry, company and product or service you are going to market. Click Here to get started learning about the product and company I recommend. Is that the only way? Of course not. However in my extensive business experience I have not seen any product and business model as exciting as this one.
What Distinguishes This Opportunity From Others In The Crowd?
Solving a huge problem that a high percentage of the population has.
Unique product, highly advanced, securely patented in the US and internationally.
Widely used with great success in other countries.
Less than 20,000 units in use in the US and there is a need for more than 20 million.
The people who are already making $1 million a year or more have sold less than 100 units direct. I am not aware of any other company where this is possible. Remember this is residual yet not MLM. I will explain to all who are serious
The investment to enter is very low in fact I have a program that I will show you how it can be $0 if you come in at the trainee level which is $290. At that level you can still proceed as fast as a full distributor. Since my level of support will be greater I am very selective in who I sponsor as a trainee. As a customer or full distributor you are making an investment and I have already accepted the responsibility to help you use the product for maximum benefit and help you develop your team should you choose to do so.
Now It It Is Up to You – Make It The You Economy as Grant Cardone advises
The Wall Street Journal recently reported on a fairly large university that self funds it’s health care program. The essence of the article is there is a growing struggle because of the rapidly escalating cost of prescription medication and medical services. The solutions being implemented include: higher co-pays, use of generic prescriptions where possible and limited prescription refills for certain drugs. For example a person may get a two week supply of a very expensive drug rather than one month to make sure they were benefiting from the medication. There is more to this process of managing traditional health care to ensure the procedures being reimbursed are reasonable and necessary. That is a separate topic.
The Above Partial Example Whether It Is For Self Insured Plans, Insured Care or Provided Care Is Not Health Care – It Is Sick Care.
In my book Building Business Profits Fast that was published in 2013 I devoted an entire chapter to what I labeled The Gold Formula tm This formula applies to any situation in life whether it be professional or personal. Here is how it applies in the health care arena:
What is the goal?
My goal is to be healthy. Do I manage my life to be healthy? Yes I do. Do most of the people I know manage their life to be healthy? No they do not.
What would I do if I were responsible for the health care of the country or a company?
I would manage health like I manage health care for myself. As above, I would first define the goal which is to be healthy. Note I am excluding those situations for now that are the few exceptions. Those include accidents and the small percentage of situations where the attention of medical professionals is clearly valuable.
Once you define the goal then it is important to be specific as to what are the strategic areas that based on the information we have today are the ones where we need a game plan? There are four and I refer to these as the four pillars of health care – health care for me, a company and for the nation.
The Four Pillars ofHealth System For Achieving The The Goal of Being Healthy
1. Mindset – each person needs to decide what they need to have the right mindset for health. This means each person needs to understand there are resources for personal growth and development that address minimizing stress which is a leading cause of high blood pressure and heart attacks. Healthy mindset means in your heart and mind you know it is natural to be healthy and to advance in life with vibrant energy. Once you know that then you can reinforce that mindset with resources that help you navigate the stuff our ego throws at us. We define that stuff as problems and stress. There are many other areas where self- development helps a person including self-worth, confidence, expanded consciousness and more. Personal: I devote minimum 30 minutes and often more to achieving my mindset goals.
These mindset resources also reinforce the importance of:
2. Healthy lifestyle as defined by what we eat and drink. People in America mostly eat industrialized processed food and contaminated water. Bad water is found everywhere including in the bottles we buy. Why in the world we accept GMO fruits, vegetables, meat, dairy and fish is beyond my comprehension. Healthy lifestyle also includes:
3. Exercise and the main point is we strengthen our immune system when we regularly exercise. Regularly means at least 30 minutes 4 times a week. For anyone to do that the exercise program of choice like the food and drink we choose to make part of our life must be sustainable. If you love going to the gym that is the right program for you. If you love yoga, dancing, walking, running, biking, skating …whatever it is, that is the right program for you. If you think you are going to love your top pics everyday let me be clear you are not. What you have to love is the picture and feeling of being healthy. That picture and feeling will be your why. In America we generally have given the responsibility to our doctors and pharmacists. That does not work. These three pillars are incomplete now that we know about:
4. Increase the circulation in our capillary system that naturally slows down as we age, experience stress, experience physical or emotional trauma and from environmental influences including less than optimal food and drink, pollution, electromagnetic impulses from cell phones, WiFi, radio, TV and more. When this circulation system slows down,cell cannot get the blood needed for nutrition, oxygen and waste removal. When the cells begin to not function properly, health problems begin. The common treatment is prescription medication which can further slow the circulation. Our capillary circulatory system is minute, extensive and has not nerve receptors. When diabetics begin to lose circulation in their limbs and most notably in their legs they can run the risk of amputation. This is because medication, massage and other therapies do not increase that circulation.
People with the healthiest lifestyles including those in MLM that market high quality supplements still have the problem with this circulatory system slow down because of the factors mentioned above. Note I am an advocate of the MLM industry. I have found that I provide more value by focusing on this 4 Pillar System. The Fourth Pillar is an FDA Class 1 Medical Device This is German technology that is nearly two decades old proven to increase the circulation in our capillary network. It is so good I know there is nothing else like it. It is so good NASA partnered with the company. When combined with the first three pillars, we now have the foundation for a very rewarding health care system.
How This All Relates To The Gold Formula tm
The Gold Formula tm is simply tracking the variance from plan. I discovered the Gold is in the variance and for anyone to have a variance they have to have plan and measure actual results against the plan.
This 4 Pillar Plan Will Work For More Than 90% of The Population.
I have just begun to get this message out. Please adopt and share if it makes sense to you.
For your health and vitality
Steve Pohlit, Independent Distributor Email
Phone 727-587-7871
PS The 4 Pillar System is a comprehensive approach to improving the quality of life. I look forward to talking with you about implementing this program.
Click Here Now for The Recording This is a Must Listen to call founded on a must read book. There is so much valuable insight in this brief interview you just have to listen. If you are not clear that you should spend the time to listen to this then at least consider these facts.
1. Wayne follows the guidance of Jewish population of Israel and before you say you are not Jewish note this guidance is what the Chinese are studying and the love to steal from the best.
2. There is clear guidance system here for everyone and that means if you follow the steps you cannot fail
So you might ask what about you Steve? Since you are a friend of Wayne how has his guidance helped you?
Great question. First Wayne sets the bar. Daily I am doing what Wayne details in his book. He is the example and the bar is high and I love that. What are the results for me following Wayne Well I can confirm I have adopted the relentless mindset. Get this mindset and it will serve you. Personally I am on path to creating a major business and that is coming off from a period that most would consider disaster. I am reinventing my life and what I really love about Wayne is that he adds more fuel to the fire.
Listen to the talk Click Here Take Notes , Take Action Get The Book Click Here for the Link to Amazon
For Your Success
Steve Pohlit, Business and Real Estate Coach, Consultant, Real Estate Investor. Published Author, Professional Speaker
When asked , most people’s answers include some variation of the following:
1. Good health
2. Financial freedom
3. Meaningful relationships
The definition of each of these is personal. However, in order to achieve your definition of each and all of this top three list the intended outcome or goal needs to be clear. This article is mostly focused on the second item in the list – Achieving Financial Freedom – This is A Solution
Most people know that residual income means money that comes to you on a recurring basis without you having to repeat an action. For example, if you have money invested in a fund the yields a 4% return, the return is residual. People who produce songs, movies, books receive royalties which is residual. Those who build a successful team in a network marketing business earn a residual income. If you own a business that has employees and is profitable, the earnings can be considered residual.
Residual income equals financial freedom when the income exceeds the expenses of the lifestyle you desire. For most people this can never be a reality because there has not been a practical, predictable way to achieve this – until now.
In the last month I learned of a company whose business model is totally focused on providing everyone regardless of how much or little money they have with the product and support for not only achieving financial freedom but also offering the resources for achieving improved health, fitness and relationships. More on the health and relationship solutions in another article
1. Real Estate: helping people develop their own single family home portfolio that are rented and produce positive monthly cash flow – residual income that achieves the individual’s financial freedom definition. This is a 100% do it for you model with your involvement being making the decisions. This model in the real estate industry is called labeled Turnkey . Take a close look at how this can help you achieve your financial freedom goal. Click Here
Gift For You: FREE Book
2. Entrepreneurship: in this pillar Strongbrook has developed a system for helping people currently not in a position to make a down payment on a turnkey residential property. The name of this division is Strongbrook Direct My view is that this is brilliant because there is now a way for anyone to create an income stream that is the foundation for buying your own properties. Click Here to learn more about Strongbrook Direct.
3. Personal Development: the newest division of Strongbrook is Conscious Creator Mentoring Network. All of us can benefit from mentors and we advance the fastest when specialists help us. There is an exciting business opportunity and a pay it forward model that are part of this exciting new division. I will share more about this very soon. For now, anyone who has achieved a measure of success has mentors and devotes meaningful time to personal development. All of us need to have and use a personal development program. Strongbrook is bringing together some of the best resources and mentors for us.
“I Am Responsible”
It should be clear that depending on the government, a company, and in many cases the community for your health and well being is at best a very risky strategy. Independently secure in the areas of health, prosperity and relationships is a practical and achievable goal. Strongbrook is a very sound well established company and there is an extended team to help you as well.
This is a brief introduction. I have included some links to help you learn more and I am available to answer your questions. The next move is up to you.
In a one hour movie recently released by Eric Worre, he interviewed some very well know experts. Harry Dent talked about the true level of the debt owed by the US and the number is staggering and scary. Robert Kyosaki showed the dramatic negative trends in food stamps, college graduate incomes and student loans. Most of these statistics I was aware of except for student debt which is now over $1 trillion and if you declare bankruptcy you still own student loans. So people are going into more debt to get more education. What is the result, lower paychecks than in the past.
Don’t misread this. My daughter is a doctor. She would not be a doctor without the education and the support of the student loan program. Our society needs medical professionals, scientists, teachers and other professionals who need to be qualified by our university and special education systems. However, the vast majority of people entering higher education are not seeing the likely outcome clearly and will be well served by taking a look at the economic reality of our world today.
All interviewed by Eric in this movie were in support of the message that it is harder and harder for many people to feel confident about earning a living at a level where they are not worried about their bills. The days of being able to count on a 40 hour a week job that provides an acceptable level of income for a lot of people are long gone. Technology is advancing at a rapid pace and often makes a well established business or industry obsolete. Look at what happened to the majority of book stores in the last decade. Look at the market share shift in the last decade because of companies like Apple, Google and others. Do the research on the amazing number of companies that were once very commonly known in America are out of business.
With those trends which are not very bright, people still need a place to live people need products and services. That leads me to the two industries that get my vote for where more people should be paying attention. Those are real estate investing and network marketing. Network marketing is often referred to as direct sales or multi-level marketing.
The reasons I like both of these industries the best for people thinking about being in business for themselves are:
1. Very little money is required to learn the businesses
2. There is plenty of evidence of people making good money in those industries
3. The training is outstanding and most of it is relatively low cost or free.
Let’s look at training for example. If you select the right network marketing company and sponsor, the training is amazing. In real estate it is true you do not need your own money or credit for deals. However, because of the dollar size of the transactions you are well served by being mentored by one or more people who will help you and JV with you as you get started.
Cost of entry: In real estate you can get started for about $1,000. It is better if you have $5,000 to $10,000 because there are some programs that cost money that will really help you get to a faster start. However with about $1,000 for gas and a few other supplies you can get started. I know of people who make $3-$5000 checks in their first month. Is that typical – I would say yes for the people following the directions and devoting more than 20 hours a week to the business. In Network Marketing you can get started with most companies for $250-$500. If you work hard you can begin to make money your first month. I have met people who make over $20,000 in their first three months. I don’t think that is typical.
What is the one skill you must have as an entrepreneur? In my view it is the skill of being able to get past rejection. There is one sure fire way getting past being rejected – set really high goals and be relentless on following them with the guide of a very experienced mentor and team.
Now you have my vote and why. What is yours and why. I welcome your comments.
Questions ? Call me 727-587-7871
Steve Pohlit International Business Turnaround and Real Estate Investment Coach, Real Estate Investor, Business Builder MLM
To Be Clear – Private Equity Funding Partner for Real Estate Wanted.
Distressed single family homes, distressed multi-family homes, buy fix and flips, buy and hold.
Amount: Equity is normally 20-30% of the total amount funded. While we have approximately $5 million of deals in our pipeline, this could easily be much higher with the right private equity partner deal participation.
Return: Most deals have a projected annualized ROI of 40% or higher. Single family buy fix and flips are much higher.
About: Very experienced real estate investor with an rapidly expanding network of great deals and team members to manage the process.
A Real Estate Equity Deal Partner Is Strategic For Our Business
The real estate investing industry is vibrant and offers many rewards for adding value. We are very interested in attracting one source of equity funds for our real estate business. Our business model is primarily investing in the niche of distressed real estate properties both residential and commercial multi-family. There are exceptions. We are most interested in a real estate equity deal partner that contributes to our profitable growth and helps us lower the transaction costs. Since we only recommend deals where we are confident with the profit, a positive deal doing mindset is important.
In a previous article I wrote that nearly every business has one barrier to massive profitable growth. (Click Here for the complete article.) For my firm it is equity funding for our real estate deals. Working with our continually expanding network, we find really good deals in markets where we have teams that are skilled in managing the day to day requirements of a renovation and then our exit strategy.
Real Estate Investment Deal Structure
Most real estate transactions are a combination of debt and equity. When buying, renovating then reselling distressed properties, debt is short term or often referred to as bridge financing or hard money loans. The cost of this debt is higher than more traditional bank financing. Regardless of the source of debt financing, some level of equity is needed. The percentage varies by lender requirement.
Generally we are successful having lenders fund 75-85% of the total cost of the deal including the cost of debt interestingly enough. For example one deal we are working on has all in costs including cost of money of $4 million. The lender will fund $3.0 million which leaves us to bring $1.0 million of equity. For his deal we are projecting the equity partner will receive a 46% annualized rate of return on their money. This percentage is often higher on smaller deals because the time line from start to finish is shorter. For example it is common for us to project annualized returns for equity funding partners greater than 80% for a single family fix and flip.
Our Deal Focus
We like deals where we are adding value to the property which in turns adds value for the final buyer or tenant. When we do this we improve the neighborhood and the community. We have an increased focus on using more alternative power in our projects and “green technology”.
Equity Deal Funding Resource Targeted
The volume and size of deals we are finding are growing. Accordingly we are interested in a source of equity that will support our growth. This means having access to at least $10 million liquid for an equity participation on a deal by deal basis over then next 4-6 months is strategic for us.
If this catches your attention I would love to talk with you
Steve Pohlit, Business and Real Estate Coach, Consultant, Real Estate Investor. Published Author, Professional Speaker
On July 11, 2014 Steve Pohlit interviewed Wayne Ally Root covering the erosion of the American dream especially for the middle class.
Listen in as Steve explores with Wayne the evidence this destruction of the middle class was purposeful which is why he names his newest book The Murder of The Middle Class. You will be shocked at how it all started, to learn about the true unemployment rate, the unsustainable entitlement statistics and more.
Wayne reminds us that nearly half his book is devoted to solutions to save this country. We must first start with the facts of where we are at now no matter how hard they are to face and how disturbing they may be.
Sit back pay attention to a fact filled and energy packed hour with Wayne Allyn Root.
Press The Play Button
Order Wayne’s book here (Click On The Book)
May Your Success Exceed All Your Dreams and Desires
There is a fail proof system to organize and manage any business. In fact cities and countries should use the system. Note this does not mean it is cookie cutter. It must me adopted for your company.
Successful Experience
I have extensive experience as an executive, business owner, entrepreneur, consultant and coach in the following industries:
Real Estate Investment – the focus of my business now
Retail
-Restaurants
-Convenience Stores
-Women’s clothing (big international business)
-Auto Parts
-Motorcycle
-Drugstores
Manufacturing
-Heave equipment
-high tech
-Auto Glass
Distribution
Internet
-Service Provider
-Social Media
-Marketing
Long Haul Trucking
Utility Trailers
Excavation
General Contracting/Construction
A number of the businesses are very large. One is more than $15 billion. Others are small to medium size companies and I have helped many independent entrepreneurs. This experience led to fine tune systems for success. Last year I released my first book “Building Business Profits Fast”
Enhanced Systems
I have since been coached and mentored on enhanced system which are touched on in the book but not in-depth. The three main parts of the enhanced system are:
1. Organization Development or the Org Board
2. Admin Scale or The Spine
3. Management by Statistics
The scope of what are in these three categories is extensive. If we work together you will know the source and I will guide you step by step on how to implement these major tools. For now here is a brief summary
Org Board
Every company has 7 divisions and this applies to whether you are one person or millions. Knowing how to set up and manage your company within the structure of these divisions literally takes out the guess work in how to succeed. The next two areas actually fall under the umbrella of the org board – or at least that is how I think about it.
Admin Scale
My mentor refers to this as The Spine because like the human spine if one of the parts are damaged or out there is great pain. The Admin Scale consists of
Before I continue with the last part I want you to know that my coaching and consulting work accelerates the implementation of all of this by my attention to what is most important now and the gradually painting the entire picture. My message to you is do not be intimidated by the scope of what I am briefly describing here. Welcome it because you are now learning about the processes that if followed mean you cannot fail. You cannot!
Management by Statistics – There are 6 Basic Statistical Trends
(From a priority point of view capturing the data and running the graphs are just about the top of the list. This specific tool is the reason I can confidently offer
Non- Existence
Danger
Emergency
Normal
Affluence
Power
I am including one example of one graph. Here is the important point: once you know the condition (what graph you are in) for any function, division or overall company performance there is a precise formula you follow for that condition. To follow it effectively the principles of the Org Board and Admin Scale must largely be in place.
Most of the detailed implementation steps that are published on my blogs and in my book are all used depending on the scope of the project. Going into all the details on marketing actions, The Gold Formula tm, Financial modeling, training and development is outside the scope of this article.
Schedule a Free Consultation and let’s see what will have the most value for you and your business. Click Here
Intellectual Understanding Does Not Mean You Will Implement
One of my clients this morning told me the number one benefit of my program was keeping them focused on what is important.
In my experience people make a lot of progress during coaching and lose momentum if they interrupt the coaching process. For a Free Coaching Consultation Click Here
May Your Success Exceed All Your Dreams and Desires
Stop reading the newspapers, watching TV and engaging in conversations with others about negative news headlines. George Ross, Donald Trump’s key attorney and deal closure reminds us that most news is not accurate and at the very least not the complete picture. As importantly, the most immediate item that affects us individually is what we do for ourselves.
Wayne’s Allyn Root coaches his clients on implementing a success plan that is not dependent on an employer. More specifically start your own business. He uses the opportunities for learning marketing and developing a network that is taught by direct sales companies or network marketing companies as a great opportunity to be your own boss, work with other successful people and not have to worry about what an employer will do.
One of the areas of my own business interests is being with an organization that coaches business owners and other interested in successful real estate investing how to move forward and achieve continually increasing performance goals. The theme here is individual responsibility for what happens in your life. Most of us have the resources to move forward and do a lot better than we are doing today. I like the example I heard once where the question was asked “if you had the opportunity to buy a new $100,000 car for $5000 would you be able to figure out how to come up with the $5000? Most everyone said yes. Then why would you ever resist the opportunity to start your own business because you didn’t have a couple thousand dollars you need for basic infrastructure and expenses during the start up period?
Are you unemployed? Are you struggling to make ends meet? Are you unhappy with the work you do? Don’t look outside of yourself for someone to solve these or any other issue. Do you feel you don’t have enough knowledge or education? I just finished a couple days of coaching a person who has three businesses, lives in a million dollar home with a quarter million dollar boat outside. He is a high school graduate. He figured it out. You may know of others like that or read about them.
If you want some ideas, take advantage of my complimentary coaching call. Click Here to begin. Also be sure to register on this page for my messages by email. Each one is packed with valuable information to help you.
Bottom line: you are responsible and the only way to solve any situation you don’t prefer in your life is to develop an action plan and then take action.
Intellectual Understanding Does Not Mean You Will Implement
One of my clients this morning told me the number one benefit of the coaching program was keeping them focused on what is important.
In my experience people make a lot of progress during coaching and lose momentum if they interrupt the coaching process. For a Free Coaching Consultation Click Here
May Your Success Exceed All Your Dreams and Desires
” In return for adding nearly $3 trillion in federal debt in two years, we still have 14.9 million unemployed”…”As for blaming the Republicans, with only 40 and then 41 Senators they couldn’t stop so much as a swinging door.”
In that article Mr. Moore writes: …” real median household income “has fallen by 4.4 percent since the ‘economic recovery’ began in June 2009.” He concludes saying ” The left seems to have forgotten that when fewer American businesses and workers are creating wealth in the first place, something else is spread instead: misery.”
In a recent interview: Donald Trump discusses the importance of running our country from a position of strength and restoring the production of goods and services that have been shifted to China and other countries. For that to happen, the US must change economic policy and that is not going to happen unless the current administration is voted out or there is an economic collapse. Money News published this just two days ago “Billionaire Tells Americans to Prepare For ‘Financial Ruin’
For two years I interviewed George Ross once a month for an hour. George is Donald Trump’s Executive Vice President and Senior Adviser. He is an asture businessman and at 84 has more direct experience with the economy than most. George is an advocate of the strength of the United States. He is opposite gloom and doom thinking. What that means is he consistently focuses on solutions that are right in front of us. What we talked about the most on these calls was how entrepreneurs and small businesses can become more successful. Those conversations plus my own experience working with hundreds of business owners were instrumental in forming the road map for business success in my recently published book Building Business Profits Fast
Exchange In Abundance- Complimentary Coaching Session.
Between now and the end of the Month I am opening up my lines for 10 complementary coaching sessions. I highly recommend you contact me now to book a time. When the 10 slots are gone, they are gone. How to Proceed? Simply Click Here for the instructions.
Strong Growth Will Overcome All The Economic Problems
Planning, organizing and promotion are at the core of strong business growth. That can be like saying go to the doctor if you have a serious medical condition. What is really needed is the right resource for what you are wanting to accomplish. Just yesterday I said to one of my clients that while I will give him ideas that will work in growing his business, the number one benefit he will experience is the continual expansion of his business resulting from following an proven path for profitable growth. Working together he cannot fail as long as he does his part. This is the principle of ‘Exchange In Abundance” What that means is that every person I work with gets far more than the investment in the coaching or consulting program. Unless the targeted income is far greater than the investment, I will not accept the client. Have I declined or stopped a coaching program because the value was not there? Actually twice – once because the business model was flawed in my opinion and anther time because the owner was viewing their business as a source of income and they really were not passionate about it.
Privately Held Companies Are The Solution To The US Economy’s Unemployment, Debt and No -Growth Problems!
The security for you and your family is your responsibility. If you are linking your financial stability to the government or employer you are placing yourself at great risk. Recently I attended a business building meeting where there were over 500 people in attendance. I met many people who were already very successful and many others on their way to financial independence. The most common attributes of the people in this group include: having been broke, the passion to do the work necessary to succeed and the selection of a company whose products everyone already wants. Notice the word work in the formula. There is one more thing in nearly every success story and that is leadership on following a simple system for delivering (outflow) valuable results.
“If It Is To Be – It Is Up To Me” is a great quote just know you do not have to – “go it alone”.
The Two Step Formula For Success
1. My book “Building Business Profits Fast” is an easy to follow guide to achieving business success. This business building profits blueprint is for start-ups to mature companies. Click Here To Order
2. Every successful business owner that I know works with a coach. Why is a coach important? A coach is independent of your day to day operation and with the right data in support of a clear plan for success is able to keep you on the business success track. Call me (Steve Pohlit) at 727-587-7871 for a complementary session to see if we are a good match. If not I will help you find someone who is.
“If you follow the processes, you cannot fail!” Meir Ezra Does this mean this is the only formula for achieving success and preventing Small Business Failure? Actually, YES!
For Your Success,
Steve Pohlit, International Business Turnaround and Real Estate Investment Coach
Steve Pohlit, Managing Partner
Steve Pohlit International
Author of: Building Business Profits Fast International Business Turnaround and Development Consulting
Real Estate Investment Consulting
Executive Coach
What people post on line is a reflection of what they think. The volume of posts on Syria is huge. The following are what I see without looking actually. What that means is I am not searching for Syria stories and points of view. What is amazing is that I see no posts from Americans in favor of aggressive action toward Syria except from the Obama team. It is time our elected officials listen to those who elected them. If they know something that we don’t the time is now to disclose it.
Time To Be Great LLC is the name of our company or TTBG. The time is now as many businesses operating in the traditional fashion are not working very well. Just today a report was published stating that in major metro markets more businesses are closing than opening for the first time ever. On the same day I sent the first draft of our business summary to my partner for review before it is sent to those interested who have signed an NDA or non disclosure agreement. This article offers the main features of our business as our goal is to attract more who are interested.
Adapted from the book Building Business Profits Fast by Steve Pohlit and published in 2013 on Amazon, updated here based on new experiences.
The Gold Formula tm is simply tracking the variance from plan. I discovered the Gold is in the variance and for anyone to have a variance they have to have plan and measure actual results against the plan.
