Building my team

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  • Arman AhmedPro Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2024 · 2k+ posts · 933 votes
    1mo
    Quote from @Raspheldy Serrano:

    I'm asking for advice on building my real estate investing team, in my area.. also which strategies might be best for beginners?? Thank you


    For a beginner, I’d keep the strategy simple and build the team around the deal you want to buy. Start with a solid agent, lender, property manager, contractor, and inspector, then get comfortable analyzing deals before scaling. If you’re open to investing outside Maryland, Midwest markets are worth looking at too, especially for lower entry costs and cash-flow-focused rentals. The right local team can make out-of-state investing much easier.

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  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    1mo
    Quote from @Raspheldy Serrano:

    I'm asking for advice on building my real estate investing team, in my area.. also which strategies might be best for beginners?? Thank you


    The best strategy to start with Id say hands down is house hacking. After that, buying rentals. Flipping and BRRRRR are more advanced strategies.

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  • Raspheldy SerranoPro Member
    OP
    Member since 2026 · 6 posts · 6 votes
    1mo

    Thank you for the advice, I’m currently building my team in the markets I’m focused in.. I think my issues is estimating rehab cost so I can analyze the deal properly..

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    • Basit SiddiqiBusiness Member
      Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
      1mo
      Quote from @Raspheldy Serrano:

      Thank you for the advice, I’m currently building my team in the markets I’m focused in.. I think my issues is estimating rehab cost so I can analyze the deal properly..

      If you need help estimating the rehab, you may want to consider a property that requires 'lipstick rehab' as your first rental purchase.

      Once you are more comfortable, you can go ahead with properties that require more of a rehab.

      The issue with getting a 'estimate rehab costs' is that most contractors will not provide a quote for a newbie investor where the property is not under contract. 

      You might be able to convince a contractor to visit a property with you as you are viewing it with an agent. However, I personally think it would be hard.

      You may want to work with an 'investor friendly agent' who can atleast give you a ballpark of how much the rehab would costs and then get the property under contract.

      Ask a few contractors to give you a quote while you are under the contingency period and hopefully the estimate the contractor gave you was in line with the quote from the contractor.

      Best of luck

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  • Raspheldy SerranoPro Member
    OP
    Member since 2026 · 6 posts · 6 votes
    1mo

    I’m definitely going to pace myself before I pull the trigger.

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  • Wale LawalBusiness Member
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    1mo

    @Raspheldy Serrano

    In the case of a newbie, I would prefer keeping the team small, including only the best investor friendly real estate agent, a lender, an insurance agent, a CPA, an attorney, a contractor and a property manager if required. You can start out with only one of the strategies that suit you well.

    Good luck!

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