Chapter 2, Part 1: Overview of the Strait Path System

May 26th, 2010 → 10:35 am @

You’ve heard the phrase “The devil is in the details.” 3778 Chapter 2, Part 1: Overview of the Strait Path System

While it’s true that many important truths can be lost and hidden within details, it’s also true that too much initial detail can overwhelm people. The purpose of this chapter is to give you a brief overview of the Strait Path sys- tem in order to provide a context.

Without that big-picture context, the importance of critical details within the system can be overlooked. Once the context is established, the details of the system can be understood with much greater depth as they’re explained later in the book.

This chapter provides a bullet-point, bottom-line analysis. If you’re a relatively knowledgeable and experienced real estate investor, you’ll be able to easily identify the key components that set the Strait Path apart from other systems, and it may be all you need to get started. On the other hand, if you’re inexperienced, or if you’re a details person, then the system is explained in much greater detail in chapters four through seven.

To get started, consider the following analogy: Suppose that three people want to drive to Florida. One lives in Seattle, Washington, another lives in San Diego, California, and the third lives in Boston, Massachusetts. Each of them will take different routes, but they’ll all end up in Florida. Real estate investing is similar. While every investor has the same general destination (long-term, sustainable wealth), not everyone can take the same path to get there. Put more precisely with regard to Strait Path real estate, each investor starts at a different place but eventually ends up on the same path.

The Strait Path system consists of four core phases: 1) plan, 2) find, 3) purchase, and 4) serve.

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