A real estate portfolio, at least as it pertains to residential redevelopers, serves as a conformation of past triumphs; they are essentially a collection of previous success stories. For as long as I can remember, investors have used their portfolios to boast about previous deals. It’s worth noting, however, that a properly crafted real estate portfolio is entirely capable of achieving so much more.
In the right hands, a great real estate portfolio can be used as leverage. It’s entirely possible for investors to use their respective portfolio to place the odds of whatever they are trying to accomplish in their favor. That’s right; closing deals, receiving funding and even building relationships can all be made easier through the use of a well-devised real estate portfolio.
No longer are real estate portfolios relegated to the trophy cases of residential redevelopers; they are now one of the most powerful tools in an investor’s arsenal. Not only can I assure you that a well-devised real estate portfolio will serve as an entirely new asset to your investing business, but with the addition of a little ingenuity and some due diligence, they can actually aid in everything you do from here on out.
What Can Your Real Estate Portfolio Do For You?
I maintain that those that learn how to leverage their portfolio on their behalf will find it to be an invaluable tool. Let’s take a look some of the most important reasons investors may want to leverage their real estate portfolio:
Credibility
In working with motivated sellers, and even buyers for that matter, there is nothing more important to a residential redeveloper than their own credibility. If for nothing else, credibility is one of the only things that can differentiate a good investor from a great investor. Nothing else, at least that I am aware of, can boost the productivity of investors more efficiently and faster than the support of those they choose to do business with. Think about it; nobody in their right mind would choose to do business with a less credible company, especially with as much that is typically on the line in a standard real estate transaction. It’s safe to assume that credibility is, in fact, one of the most valuable assets at an investor’s disposal.
