By Mike Baird
When Greg and I started working with students at Property Bank Education, we definitely had success in mind. No one goes into business with the intention of losing money, but when we started, we had more in mind than just making money. We wanted to give back to people in the real estate industry by sharing our experience and expertise. That’s not the only way we give back, though. We’re involved with charities that we care about because giving back is just that important.
Why should getting involved with charitable organizations be a priority for house flippers? First of all, giving back to your community and to people in need is just a good thing to do. Second, it’s actually a good business practice, especially for people in the real estate business.
I’ve said it before, and I’ll say it again—real estate is all about relationships and trust. You build relationships with the motivated sellers that you buy properties from, with your contractors and project managers, your real estate agent, your attorney, your accountant, etc. You help each of these people, and they help you. When you rehab houses, you also improve neighborhoods and help them out by increasing property values.
Your business is built on you being a trustworthy businessperson with a good reputation. What better way to build that reputation than by giving back through charitable donations, sponsorships, and volunteer work? Let’s talk about how you can build your real estate investment business by choosing the right charity and giving back in the best way for yourself, your community, and your business.
Choose a Charity or Cause Close to Your Heart
First, choose a cause that you care about and hold dear. The key here is to give back in a meaningful way, so you don’t want to just choose a charity or cause based on what’s popular right now or which one you think you “should” donate to.
Are you interested in helping underprivileged kids or homeless veterans? Would you like to help your local Little League team get new uniforms this season? Do you want to help repurpose an old parking lot as a public park? These are just a few of the many causes you can give your time and/or money to.
Whenever possible, focus your charitable work and donations locally. Helping to improve your local community is a great way to get involved, build relationships with people in your area, and build your business while doing something positive for others. Even if you’re just starting out and don’t have a lot of money to donate, you could donate your time as a Little League coach or by building homes for underprivileged families with Habitat for Humanity and other groups.
Do Your Research
Whatever organization you choose, make sure to do your research. You can do a Google search for them to find out more about where they get most of their funding, where most of their proceeds go, and how reputable they are. Make sure that you align yourself with a group that’s known for doing good work and helping people, and you’ll work with trustworthy people, help those who are less fortunate than you, and build your place in your community.
I really can’t emphasize enough the importance of giving back. It’s one of the best things you can do in life. It’s good for your community, and it’s good for your business, too. Property Bank Education, is a business built around helping others and giving back – as much as our real estate business is built on solid investments, and I highly recommend that you do the same.