How Do You Build a REI Team?
No one accomplishes anything alone!
YOU NEED A TEAM!!!
The Mentor, The Realtor, The Accountant, Contractor, The Property Manager, and Investor!
Who are you missing on the team? Did I forget to add someone? How did you build your team!
Most Popular Reply
@Loren Howard It is not quite that simple. You will probably wind up working with multiple contractors. In addition to the accountant you might want a bookkeeper. You didn't mentioned attorney, I use several depending on specifically what I need them to do. I would use a different attorney for landlord tenant work than I would for settlements for example.
A whole category left out is lenders. You need contacts at traditional lenders like banks but also good to have hard money lenders or private lenders. I am sure there are others I've left of too.
So how do you find them? One person at a time. Get references. My lead paint inspector is a valuable resource for leads for all kinds of services. A good agent can do that too. Networking with other investors is often a great way to find people. Title companies that work with a lot of investors can often be a referral source especially for hard money lenders.
One thing i like to do is stop every time I see a property being rehabbed. I will either meet a contractor or another investor both of which can be valuable contacts.
Regarding a mentor check out