Updated 11 months ago on . Most recent reply
Need to Build a Real Estate Team
Hello, name is Ryan. I am an out-of-state investor, but my wife is from Toledo, so we visit frequently. I am looking for my first BRRRR long term buy and hold. I'm looking for an agent, lender, contractor and property manger who are also investors in the area and know the market well. I'm looking to work with section 8 voucher holders, so that knowledge would be useful from an agent and team members. I'm looking to get started with a duplex or a single family home that I can split or add a bedroom to. Ideally looking for a property that is under market in a good or up and coming neighborhood. Finding an agent who can source off-market deals would be great. If I find the right fit with the team, I could see myself continuing to work with them as I scale and build out my portfolio. I would really appreciate any recommendations on people I should be connecting with. Thanks!
Most Popular Reply
Hi Ryan, for your first BRRRR, it's key to build a solid team. Find a real estate agent who knows Toledo well, especially up-and-coming neighborhoods and Section 8 properties. An agent who can find off-market deals is a big plus. Your lender should be familiar with investment property loans and the BRRRR strategy. Choose a contractor who can estimate renovation costs, especially for adding rooms or splitting a property. A property manager with Section 8 experience will help you find and manage tenants effectively. Focus on properties in good areas that need some work, and make sure each team member understands your long-term goals. Best of luck!
- Kerlous Tadres
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