Put Your Real Estate Team Together Before You Make An Offer!
Buying real estate can be incredibly profitable and help you to better provide for your family… but if you are trying to go it alone in your upstart business, then you are setting yourself up for failure. Remember, there is no “I” in “TEAM” and if you set yourself up together with people who can help to further your career then your real estate investing business will grow, thrive and prosper for a lifetime to come.
When it comes to real estate investing, here are 5 team members that you cannot live without and who will help your business to become the moneymaker you always dreamed that it could be …
A Certified Public Accountant
A certified public accountant is the first thing that many investors try to nix. This is because they believe that they can keep up with their books themselves. But the truth is that a public accountant is more than just someone who works at saving you money… they are also about saving you money on taxes. Most first timers will buy real estate under their own name. This is a mistake. A certified public accountant can help you to get a LLC or other entity of your liking.
A Real Estate Attorney
A real estate attorney is someone who can go over your contracts and make sure that there is nothing inside of all that legal jargon that is bad for your business. Having someone to deal with the paperwork and contracts that come with buying real estate can only serve to bring you peace of mind and ensure the productivity of your business.
A Real Estate Agent
A real estate agent gets listings long before the general public. Thus, if your real estate agent sees a property that is exactly what you are looking for, then they will let you know before it hits the market. This gives you time to make an offer before others get in on the race. It is a good idea to interview real estate agents before you pick one that you feel like you can work with. If you decide to do this for a living, you want to know that you can stand to be around this person often.
A Mortgage Broker
A mortgage broker is someone who helps you to deal with the financial portion of your deals. Even if you do not go through a traditional leasing firm, they can help you to find hard money lenders. No matter which route you take, their job is to find the best financial option for your business.
A Contractor
Finding a good contractor can take a little work, but once find one, make sure that they understand that you may not be able to always sell a property immediately, but that as an investor that you will have plenty of other opportunities to make income.
As you journey into your new business venture, remember that nobody goes it alone. When you have a great team behind you… you will be ready to move ahead successfully.