Real estate investing is a team sport. You can buy great rental properties in great neighborhoods and still fail—all because you don’t have the right people around you.
Today, we’re showing you exactly how to build your real estate investing team from scratch. This is important for any investor, whether you’re buying in your own backyard or out-of-state, but it’s even more crucial when building a rental portfolio from hundreds or thousands of miles away.
Every successful real estate business has at least four key players: an investor-friendly agent, a lender, a good contractor, and a property manager. And the truth is some of these people are much harder to find (and keep) than others. We’ll walk you through each role, their key responsibilities, and the exact steps for finding and vetting them.
But there’s also a “secret” fifth member every investor should have in their corner. They’ll not only help you avoid silly mistakes but also make finding real estate deals, scaling your real estate portfolio, and achieving your investing goals that much easier!
In This Episode We Cover
The “core four” people every real estate investor needs on their team
The secret (but crucial) fifth player you should have in your corner
Three ways to find an investor-friendly agent in your market
What to prioritize when vetting potential team members
How to find great contractors (and keep them on board!)
Why a high-quality property management company is so difficult to find
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1313.
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