Updated about 10 years ago on . Most recent reply
Newbie in pittsburgh
What does a good team consist of? Contractors, project manager ext...
Most Popular Reply
I'll base this assuming you know nothing about real estate, and you can cross out anyone who has a similar skillset to you, or you are able/willing to do their work.
ACQUISITION TEAM/NETWORK - Wholesellers, Realtors, local networking groups, mail/email/advertising campaigns, however it is that you get properties.
CONTRACTOR - Find a good GC with solid subs. Get refferals, get recommendations, but get someone who is good and who you are comfortable working with.
INSPECTOR/APPRAISER - The appraisal part is optional, and a good contractor can to an extent negate the need for an inspector, but you need someone to help determine that a property is a good deal.
REALTOR - Someone has to sell/lease your property on the back-end once it is ready for market. Standard rates vary but I believe 3% for a sell or 1 month for rental are standard.
LAWYER AND CPA - They will save you money and keep you out of trouble in the long run, non-negotiable functions.
That should get you started, a solid mentor is always a good decision regardless of the market.



