Episode 66 - Missing Big Opportunities: The $1.5M Deal That Got Away

Have you ever looked back with regret at a lucrative deal you let slip through your fingers? In this episode, Johnoson Crutchfield shares a painful lesson from his past about the apartment deal worth millions that got away. Find out: what will you do differently the next time a big chance comes? How can you ensure you have the right support system in place to finally take the plunge? [01:07] - The story of a missed $1.5M opportunity [02:42] - Difficulty finding funds from friends/network at the time who were also working paycheck to paycheck with little savings [06:19] - Lessons on assessing opportunities differently now by calling on those in his network who have successfully done deals of similar size and scale for advice [06:36] - Advice on leveraging experienced connections who have portfolio sizes and access to capital that align with the large opportunity rather than relying only on current friends [08:03] - Insight that while one opportunity may be missed, staying focused on leveling up will lead to new major chances presenting themselves [08:15] - Encouragement to reach out for help evaluating large opportunities to avoid letting the next one pass by Key Takeaways • Evaluate if your network has outgrown your current circle of influencers and connections. Make intentional efforts to expand your network to include more experienced investors. • When a major opportunity presents itself, have a plan to leverage your expanded network. Consider who you can call on for advice, potential funding assistance, or guidance based on their relevant experience with similar deals. • Don't get discouraged if you miss one chance - stay focused on continuously leveling up your skills, resources, and relationships. Bigger opportunities will come as your abilities and network grow. • Don't be afraid to humbly ask for help from those further along in their investing journey. Seeking perspectives from peers who have successfully tackled larger deals is key to properly assessing your options. Quotes: “The people that I talked to daily, are different. The people that I let influence my decision making are different." "When you see this opportunity, I want you to have been prepared." "Your circle needs to be people that can help you get big problems solved." “When you miss a big opportunity, another one always comes along.” If you are interested investing in real estate and make connections, shoot an email grabthemap@gmail.com. Read on some of our blogpost http://grabthemapllc.com/.