Hello BP community,

I'm an OOS investor looking to get a team together. How do I start to create my boots on the ground team? Do I find the property first then PM, realtor? Any advice is greatly appreciated.

Best,

NS

@Norb Schneider I think if I were in your position I would read through Houston related posts here and find an investor that is doing things similar to what you want to do.  You can connect with them and they may be willing to give guidance on who the use.  In general, people here are wanting others to also succeed.  Best of Luck!

Originally posted by @Norb Schneider :

Hello BP community,

I'm an OOS investor looking to get a team together. How do I start to create my boots on the ground team? Do I find the property first then PM, realtor? Any advice is greatly appreciated.

Best,

NS

Hey Norb, I'll second what Matthew said. There are others who've been down the path you are looking to thread right now. So connecting with them can help you shorten the time you'd need to put your team together. Of course, there's nothing that brings out the real estate community like a good deal. Having one can bring a lot of quality resources to your door step. I'm also a big proponent of Facebook REI groups. I've connected with multiple good people through that resource just as I have through BP. I would use both of those to your advantage.

BTW What made you choose Houston as a target to invest in?

My advise is figure out how much property you can buy (based on the $ you have to put down and lenders you've talked to about what % is required). Then focus on finding the properties you want to buy (not sure if you're trying to buy SFH rentals, multifamily, fix and flip SFH, etc)

People focus on "team" first like they need to have an attorney, title guy, 'get an LLC', etc. I think that's just busy work to make people feel like they've gotten started when really that did nothing.

Not trying to be a downer.  Just want to put you on the right track.  "building a team" is the ultimate cart before the horse.

Plus, if you call someone and say "I'm an out of state investor, I want you to join my team".  they'll say "What do you have?"  You'll say "Nothing yet".  They'll say "Cool, call me when you do".  Or they'll say "talk to tone.. *click*"

@Cody L. Thank you for response and guidance. I really like your tone as well. No BS! You were so right on with the "feel like you're doing something". Now, I've been pre-approved and I'm analyzing properties like a mad man. Thanks for keeping it 100!

Best,

NS