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Ken Sean
  • Real Estate Investor
  • San Jose, CA
0
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7
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How did you build your team?

Ken Sean
  • Real Estate Investor
  • San Jose, CA
Posted Aug 3 2008, 10:45

I'm new to the real estate investing game, and would like to find out how other people have built their teams. This is a tentative plan I'm building in my head, so feel free to critique it and offer your advice, but I want to create an LLC to invest in commercial properties. I want my first acquisition to be an apartment with over 20 units. I want to be able to accomplish this within a year. Most of my time right now is spent studying how to recognize opportunities and analyze deals. The next plan of action would be to talk to professionals who will make this deal a reality.

I think the key will be to build a quality team to navigate this first transaction, (and possibly future transactions.)

For my specific situation, I want to invest property out of state. San Jose is a different beast for investing, and I feel my time will be better focused in easier areas that will generate positive cash flow.

So it would be great to hear general stories of how you built your team, but the icing on the cake for me will be to hear about people who started with similar goals.

Also, I realize each person on the team is important, but who do you consider most critical in getting your deals done? In my head I'm thinking the attorney, but I could be wrong.

I appreciate the feedback, and I will apologize ahead of time for all the questions I'm probably going to fire away with later.

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