New to Real Estate · Newark, DE · Member since 2019 · 5 posts · 2 votes
Good afternoon,
I want to build a team for in investing in the Dayton Ohio market. I have what I believe to be enough starting capital to at least get my first deal done. While I lack experience I more than makeup for it in enthusiasm and determination. I have read and watched every book and videoI can get my hands on for the least 15 months but haven’t as of yet have not done a single deal. I know there is no such thing as ”the perfect” deal but I seem to have analysis paralysis.
I hope I'm not the only one to experience this...
Bottom line I need help and I figure this would be a great place to start. I work two jobs and don't have the time to manage the ”day to day” of property myself so would greatly appreciate any good property manager recommendations too.
You have the right idea, the team (especially for long distance owners) is the first part of the equation and I believe the most important. Doesn't matter how good of a deal you find, if the people are subpar on the ground, it could all fall apart. Make sure they can be managed from a distance and have someone else that can check on the project and contractors during the renovation process. The team should include; contractors, property managers, brokers, attorneys, CPA, handyman, inspectors etc.