Assembling Your Real Estate Investing Team

Assembling Your Real Estate Investing Team

There are several important things you need to​ be successful in​ real estate investing, one of​ which is​ a​ great team. I'm going to​ talk briefly about who should be on the​ winning team:

1. Your Mentor - every successful entrepreneur needs a​ good mentor. a​ guide. By training under the​ watchful eye of​ one smarter then us, we can only get smarter. Start at​ your local investment club

2. Mortgage Broker - you want someone who has the​ experience of​ working with other investors. They need to​ be creative and​ smart!

3. Real Estate Attorney - it​ is​ really important to​ have someone on the​ team who can go through contracts, and​ who knows the​ legalities of​ all your moves.

4. Escrow Officer or​ Title Rep - having a​ good one on the​ team helps to​ close deals that much quicker. You always want people looking out for​ YOUR interests.

5. Accountant - Preferably a​ CPA (Certified Public Accountant). Your numbers guy should also be well aware of​ the​ ins and​ outs of​ real estate. Come tax time, this is​ the​ man to​ help you through the​ write-offs!

6. Insurance Agent - it​ is​ always better having an​ insurance rep that is​ looking out for​ you when things hit the​ fan.

7. Contractor - the​ good contractor seems like the​ hardest one to​ find, but can often make or​ break your profit margin. You want someone who gets things done on time and​ under budget!

8. Supportive Family & Friends - Having the​ support and​ backing of​ loved ones is​ important in​ any endeavor.

Other Optional Team Members:

9. Realtor - someone keeping an​ eye out for​ you

10. Property Manager - someone to​ watch over your investments

11. Great Handyman - Someone to​ take care of​ the​ little things that come up on a​ daily basis.

Assembling the​ team will not happen overnight, but once together, they will give you the​ backing and​ help you'll need to​ make your real estate investing dreams come true.

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