The most successful real estate investors all know this one simple truth. You can’t do it on your own. When it comes to being a successful real estate investor, you need to have a team you can rely on. One where each member has a unique, special skill set. Building the perfect team can have a profound impact on your investment success.
So, Who Do You Need on Your Team?
Before you decide who you need on your real estate team, let’s look at the typical investment process. Let’s think about an ideal investment and what’s involved – there are many pieces to this puzzle:
These are the four major roles you’ll need to fill.
The 4 Players You Need on Your Real Estate Team
Without further ado, here are the 4 players you need on your real estate team.
So, there you have it. These are the four key players you need on your real estate team. Keep in mind, you can fill whichever role yourself. But we recommend finding experts for the other spots rather than trying to wear all four hats yourself.
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When it comes to estimating the repair costs of a potential investment property, let’s face it. There’s no simple, easy answer. In a perfect world, we could call up the right contractors and price out piece by piece. Unfortunately, this convenience would likely come at an additional cost itself.
So instead, we’re going to show you some tricks you can apply to your estimates. By applying these rules of thumb, you can help keep yourself in the profit zone at all times. Here are our 3 tips for you: