
Real Estate Connections and How To Build Them.
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Main Themes:
- Overcoming Resistance to Social Media: Cole struggles with posting on social media despite recognizing its value for networking and business growth. William guides him through making a post, highlighting the importance of consistency over perfection.
- Building Systems for Business: Cole juggles multiple opportunities, including wholesaling, development projects, and a connector deal. William emphasizes the need for systems like a CRM and a structured pipeline to manage the growing complexity.
- Legal Considerations in Dealmaking: William cautions Cole about potential legal pitfalls of acting as a connector without proper documentation. He recommends using a JV agreement to clearly define roles and responsibilities.
- The Power of Networking and Mentorship: The call demonstrates the value of mentorship and support within a community. William provides guidance, accountability, and practical advice, helping Cole unlock his potential and move forward with his goals.
Key Ideas/Facts:
- Cole recently closed his first wholesale deal and is working on several development projects, including one to retire his mother.
- He's engaged in a connector deal between a capital provider and a builder seeking financing for a large project.
- Cole expresses interest in William's CRM setup and coaching services, recognizing the need for better organization and systems.
- William emphasizes the importance of starting early, building relationships, and "digging your well before you're thirsty."
- He also highlights the potential for generating passive income through connector deals and leveraging a CRM for efficient deal management.
Important Quotes:
- William: "You need to start documenting this journey and bringing people in to your journey now because relationships take time to build."
- William: "You need to start building those relationships now instead of, 'geez, I need $100,000 tomorrow. Let me go crazy and try to find someone who I don’t know to help me.'"
- William: "There’s a fine line of when do you go with that agreement because if nothing happens ever…also the issue with being a connector is that once you connect someone then what right…"
- William: "When's the best time to plant a tree? 20 years ago. When’s the second best time to plant a tree? Right freaking now."
- Cole: "I'll never forgive myself if I don't ask for the help I need to get it done. I'll just regret it and be like all I had to do was ask for support in the best community in the world and I didn't do that."
- Cole: "I don’t even have [Calendly] set up…it’s just like this stuff…the small hurdles that I haven't even tried to get over at all because…"
Next Steps:
- Cole will explore GoDaddy for purchasing the domain forwardfocusventures.com.
- He will consider William's GoHighLevel CRM and coaching services and potentially budget for them.
- Cole and William have scheduled a follow-up call for Tuesday, December 3rd, at 4:00 PM Eastern Time.
- On this call, they will likely discuss the CRM setup, Cole's goals for his business, and strategies for moving forward with his various projects.
Overall Impression:
This conversation portrays a pivotal moment in Cole's entrepreneurial journey. He is clearly talented and driven but struggles with self-doubt and procrastination. William acts as a valuable mentor, providing both practical advice and encouragement. The call suggests that with continued support and the implementation of structured systems, Cole is poised for significant growth and success
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