Assembling a Team

Like most industries, real estate is all about networking, networking, and more networking. I've spent most of my last 3 days finding people. Finding a 3-4 general contractors with good references and preferably a portfolio of some of their recent work. Finding cash buyers, other flippers in my area. Getting an experienced realtor who can sell my flips and provide me leads. Trying to connect up with private money, whether that is other investors or people I know who are willing to dip into their life savings for a better return. Lawyers who are familiar with real estate. A title company to work with. The list goes on!

This is tough work, and I'm pretty good at networking. I think it's because I'm out of my comfort zone with real estate. I'm realizing how far out of my comfort zone I really am. I've run a business before, I've managed other's businesses before, but that was always in my old field of IT. I joked with my wife last night about how I'm cramming a degree worth of material in finance, real estate, and construction project management into a few short weeks.

So I'm realizing that networking is going to be very important to me if I want my business to be successful.

Then I have an update with my first offer, it was turned down, but I've put in another offer on a separate property, nearly identical in the previous deal.