Networking To Grow My Team

Member since 2023 · 3 posts · 1 vote

Hey Guys! I am a new investor, I'm looking for advice on the people I should be networking with in the beginning to start out? Also what type of questions or information should I be looking to obtain. Thanks Kyle

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Alli Breighner

Lender · San Diego, CA · Member since 2022 · 587 posts · 298 votes

Hi Kyle- welcome to BP!

Would love to connect.

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Marcela Hoag
Real Estate Broker · Seattle, WA · Member since 2020 · 62 posts · 33 votes
3y
Lenders, title companies, agents, wholesalers.

Building relationships with lenders will get you better terms in the short-term and long-term, especially if you're active and doing multiple deals a year.

Title companies will give you investor discounts if you ask, and they can also give you leads.

Agents are always looking for deals. Make sure to find an investor-friendly agent who knows what to look for in properties. Investment properties are very different than retail purchases.

Wholesalers will give you a steady flow of deals to look at and can refer you to other investors!
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Alli Breighner
Lender · San Diego, CA · Member since 2022 · 587 posts · 298 votes
3y
Hi Kyle- welcome to BP!
Would love to connect.
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Tim DelaneyPro Member
Buffalo, NY · Member since 2018 · 790 posts · 530 votes
3y
Welcome to BP! @Marcela Hoag nailed it for the most part. I would just add that it depends slightly on what type of investing you are doing. If you plan to BRRRR then you will also want to network with contractors. Or if you are thinking of wholesaling you will want to network with other investors so that you have buyers for your deals. You will also want to connect with a good insurance broker.
Start going to local meetups and ask people that you meet who else you should be looking to connect with as a new investor.
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Eliott Elias
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
3y
Network with the people you want to be. If you don't know what that is sit down and do some thinking.
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Kyle Buchanan
OP
Member since 2023 · 3 posts · 1 vote
3y
Quote from @Tim Delaney:

Welcome to BP! @Marcela Hoag nailed it for the most part. I would just add that it depends slightly on what type of investing you are doing. If you plan to BRRRR then you will also want to network with contractors. Or if you are thinking of wholesaling you will want to network with other investors so that you have buyers for your deals. You will also want to connect with a good insurance broker.
Start going to local meetups and ask people that you meet who else you should be looking to connect with as a new investor.

Thanks so much Tim.
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Kyle Buchanan
OP
Member since 2023 · 3 posts · 1 vote
3y
Quote from @Marcela Hoag:

Lenders, title companies, agents, wholesalers.

Building relationships with lenders will get you better terms in the short-term and long-term, especially if you're active and doing multiple deals a year.

Title companies will give you investor discounts if you ask, and they can also give you leads.

Agents are always looking for deals. Make sure to find an investor-friendly agent who knows what to look for in properties. Investment properties are very different than retail purchases.

Wholesalers will give you a steady flow of deals to look at and can refer you to other investors!

Awesome will definitely start building those relationship. Thanks Marcela
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Owen DashnerPro Member
Lender · Omaha, NE · Member since 2008 · 1k+ posts · 1k+ votes
3y
Go to your local meetups and REIA and watch who runs the event and also see who everyone seems to gravitate and want to talk to. Those are the people you need to become friends with. Having superconnectors in your circle of friends is like networking on steroids.
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Jonathan GreeneBusiness Member
Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
3y
@Marcela Hoag Title companies can not give you investor deals, their rates are fixed. They definitely can help with leads and marketing and support.

@Kyle Buchanan You want to network with investors, not all the other people before you are ready because all you are going to get are lenders saying they are the best, agents saying they know investments (but have none), and other ancillary providers trying to sell you. When you meet other investors at your new level or one level up, they can tell you who to go to and who they used which will expand you network in a more efficient fashion.
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Nathan Hwee
Member since 2023 · 1 post · 0 votes
3y
Hi Kyle - I just created an account, so my apologies for the late post!

I'm a real estate lawyer here in London, and I'm happy to answer any questions you may have (difference between owning investment vs. principal residence property, types of tenancy agreements, types of co-ownership/joint venture agreements, etc.). If you'd like to connect, please feel free to contact me!
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Steven Foster Wilson
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
3y
Quote from @Kyle Buchanan:

Hey Guys! I am a new investor, I'm looking for advice on the people I should be networking with in the beginning to start out? Also what type of questions or information should I be looking to obtain. Thanks Kyle

Welcome to BP Kyle! This is a great platform to grow your network. Be sure to also go to your local meet-ups they are always really beneficial on your journey!
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