I'd love to get started in RE investing. I'm thinking that the best way to get started is to assemble a small team so I can hit the ground running on *out of state buy and holds. These are the folks I think I should work with locally to where I live:
- Attorney for contracts, entities etc.
- CPA for taxes, tax planning etc.
- Finance sources
Local to where I buy:
- Property manager, contractor/handyman, agents/wholesalers
Is this a reasonable approach? Should I look for an attorney in each state? Anyone else not on the list?
*Out of state investing, since California looks a bit hot and cash flow in a decent neighborhood seems really tough for a newbie. Please correct me if this is wrong... I'd love to get started close to home.
you dont assemble a team and then start investing.
you start investing and then you assemble a team by trial and error.
what's their incentive to be on "your team"? how are you going to pay them? "IOU"?
I should have been more clear... Team people are paid money for their services and their services are contracted.
I would advise starting close to home. Something you can drive by.
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