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What a communist taught me about real estate investing today

by Jonathan Twombly
Last Updated: September 11, 2023

Today’s a bit rainy in New York, so I only got 4,057 steps done on the morning walk.

But that was enough time for me to pick up a real estate success tip from a Communist.

I was listening to The Rest is History Podcast. Today’s episode was about the former supreme leader of China, Deng Xiaoping.

Deng was a committed Communist, who introduced market reforms to China, transforming it from a backwater into the superpower it is today.

But market reforms aren’t the lesson.

Deng joined the Chinese Communist Party in the 1920s and was a critical figure and right-hand-man of Chairman Mao throughout the revolution in the 1940s.

But he believed that China needed to open its markets.

And, as a result, he got purged from power. And brought back briefly. And purged again.

When Mao died in 1976, he was replaced by Hua Guofeng, who almost no one remembers now.

Deng needed to get Hua out of the way to take over.

How did he do it?


See, because Deng had been an influential person in Chinese politics for so long, he had contacts.

In the government.

In the military.

Throughout the Chinese power structure.

So, when he needed to lay the groundwork for easing Hua out of power and taking control himself, so he could open China to the world, he had a network to turn to.

That network allowed him to make the right moves with the right people and orchestrate his takeover.

It’s the same in real estate.

There are no successful lone wolves in this business.

You cannot build a freedom-producing portfolio by yourself.

You need a network of brokers, lawyers, accountants, insurance brokers, debt brokers, and investors.

You especially need your inner circle. The people who are good at doing the things you don’t do well or don’t like.

Your partners.

So, maybe you don’t need to take over a country. Or a company.

You just need to build freedom.

But you still need a network. You still need partners. You still need people with your back when the $*** goes down.

Like Deng did, when he made his move on Hua Guofeng.

Who’s got your back?

Get networking today.

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