How to Build Your Buy and Hold Dream Team

In this article

Buy and hold real estate is a long game—not that there is anything wrong with a short game strategy like wholesaling or mid-range strategies like fix and flips. These methods have their place in this business, but the strategy that requires long-term planning and builds long-term wealth is buy and hold real estate. To truly play the long game with buy and holds, you need to have a really strong team around you—a dream team.

Related: 7 Small Things You Can Do to Boost Team Strength

How to Build Your Buy and Hold Dream Team

The dream team consists of your money team, acquisitions, and management. Each has their purpose, but I will say that your money team is the first step and the one that I believe people overlook too often. Many investors jump into acquisitions too soon, trying to build their network and pipeline of deals before they are truly qualified to purchase those deals. It’s hard to get your real estate agents and wholesalers to take you seriously if you can’t close the deal—and close quickly with little or no contingencies.

Related: 20 Must-Have Team Members for Real Estate Investing Newbies

In today’s video, I talk about the components of your dream team, how to build them, and how they relate to each other. Be sure to watch the video for the full conversation on the topic, and then leave a comment below so we can discuss.

Who is on your dream team? What player do you have that is invaluable? Which member of your team brought things to a new level?

I can’t wait to hear from you! Be sure to watch the video!

 

Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.