EP 275: Why You Must have a Track Record to Grow Your Biz
Jun 07, 2022If you want to be taken seriously as an investor, then you need to have a track record. Your track record is your resume, and it showcases your skills and establishes your credibility.
In this minisode, Liz and Andresa break down the basics of building a one-page track record. Having a track record document that highlights your successes is important especially when you are looking for private money lenders. It tells them what results you have already been able to achieve in the past and what kind of return on investment you are likely to deliver in the future.
Tune in and take notes so you can start creating your track record now!
Quotes
• “I want you to be very, very simple with this. Do not create this long, 20-page information. I am talking about one piece of paper." (1:31-1:43)
• “It's very important that you are graphic, but be mindful of it. Do not put this gallery of pictures there. It’s before and after next to each other, that’s it.” (2:37-2:52)
• “When people come to you, what they have in their head is: How am I going to get my money back?’ And you need to make sure that you answer that question.” (4:24-4:33)
• “What I encourage you to do is upload that into a Google Drive where you have a link that is public, meaning everybody that has that link can have access to it.” (5:15-5:25)
• “This just helps you really get organized. Like, you are sophisticated. You are a real estate investor, and you'll be taken seriously.” (6:29-6:37)
• “Create that right after you're done with the project. Do you all know why? So you don’t forget.” (6:51-6:58)
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