A real-estate investor explains why the strategies that got you here won't get you there. He built a one-page Excel sheet mapping all his assets, companies, cash positions, and partner relationships so anyone could instantly understand his entire operation.
Chapters
What does it actually look like to go to the next level? Because whatever gets you to where you're at today, regardless of whether you own 100 rentals, 1,000 rentals, or zero, is not necessarily what will take you the next step up on the journey that you want to go on. And so I was sitting down last night and he encouraged me to finish a project which I had been putting off, and I finished it last night. I sat down in my car and I mapped out my story. Now I've mapped out my story and my personal situation with the circle drill before, but I'd never done it in this type of one-page format. And so I sat down, Excel spreadsheet, I got it boxed out for a single page and I mapped out all the real estate, all the companies, the cash positions, the ratios, the cash flow, the cash management, all the different partners that I have. And I mapped it all on one page so that if I gave it to somebody they could clearly and concisely understand exactly what I've built and what I've done.