How to overcome investing obstacles

I want to be honest with you. I often hear about investors that find a great deal and start evaluating it. They approach the deal with incredible energy and excitement. Nothing can stop them!

Then, sometimes they hit a roadblock. An obstacle.

Sometimes I see investors that let a single obstacle derail their deal, and they give up. I hate to see it, but it happens.

Now, I ALSO see many investors and my students who plow right through obstacles, and are very successful. These wealthy investors think creatively, and find alternative solutions to problems they face. For example, I have a group of students in Seattle who recently hit an obstacle on a deal, and instead of giving up, they used their education, and found a new solution that will net them even more profits.

This group of MWI students is known as Infinite Partners, LLC, and they recently showed us how you to create big profits by thinking through problems on a “stalled” project. The partners are Laura and Supin Ko, Tim Andrews, and Keith Zeiler.

When they found the property, it had been on the market for over 1,100 days. They uncovered this hidden gem using simple MLS search techniques that expose properties that aren’t living up to their full potential.

After their original plan for the property hit a wall, they didn’t give up like most investors would have. Tim Andrews said, “Originally, we intended to build 33 apartments and condos over 5,000 square feet of commercial and retail space. Once we were through the city’s free review, we discovered that the property had issues that prevented us from putting a building over it. We were hopeful that we would get around this, but it was not possible. We went back to the drawing board and looked at the permitted uses for the zone and found an even better use that would produce great results within the limitations of the lot (3 story office building targeted at the medical and dental fields, an under-served need in the community). Mike teaches us to think through our problems and when we did this, we hit a home run!”

By using their skills just a little differently than other investors, the forward thinking team of Infinite Partners, LLC stands to make a huge profit. Their short-term (if they sell the building) potential would produce a profit of about $400,000. Their long-term profit would be about $800,000 and cash flow.

Tim Andrews said, “Although we were nervous, we trusted in the system to help us through the process. Since then, we have attended five more of Mike’s Degree Camps and have gained a huge amount of knowledge about the process of developing land and investing in properties with Higher and Better Uses. This same education is available to all investors who have the desire to get it.

Tim had some simple advice for other investors. “Being committed to the system and thinking through challenges as Mike teaches us has opened the doors to our future as fantastically profitable investors!”

I am so excited and proud of our students when I hear stories like this! I think the lesson we can learn today is to always, always, ALWAYS be creative when we hit a roadblock. Never let a naysayer or an obstacle slow you down!

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