As a newbie,
I was wondering ??? When developing your team or contacts, who do you recommend having on the list? A RE Broker, a mortgage lender, contractor, etc.
Thanks,
As a newbie,
I was wondering ??? When developing your team or contacts, who do you recommend having on the list? A RE Broker, a mortgage lender, contractor, etc.
Thanks,
Investors, they create your biggest forum…
Great Question:
Let me see here in my Contact Manager I have:
My Accountant ( she is wonderfull)
My Tax Lawyers ( I have 4 for different things)
Handyman (for Minor repairs 3 of them)
General Contractors ( I have about 6 of them)
Investors ( I have Many of these Wonderfull folks)
RE Millionaires ( I have a network of many I work)
Realtors ( I have 5 I work with that are Investors as well)
Title Agent ( Several in different states)
Appraiser ( to get my own on Top of the lendes one)
Property Managers (I have them in different States)
Mortgage Broker ( I have 2 that can walk on Water)
REO person at banks ( several of these nice people)
Support Team (Folks I can call day or night for help)
Mentors ( I have them on Speed Dial - for everything)
Bank Presidents ( always good to know)
Major Lenders (Wamu, CountryWide, Wachovia etc)
My Mom ( Most important is Family Support)
I hope this short list helps.
Happy Investing! ;D
A lawyer might also be a good member of a REI team.
Thanks WallaceHobbs - that is quite an extensive list…I guess if you have been in the business for awhile you get to the point you have to have a network that size.
Why the GC - aren’t most rehabs doable by you and some handy men - or are there cases that involve GC’s? When would you need to bring them into the process?
Fl Teal Newbie,
You are Welcome.
It may surprise you I have only been a Full time Real Estate Investor since Aug 04. I just got lucky finding the right education and suppport and network to move me forward much faster is all.
I have found sometimes you may need a GC, if Plumbing or Electrical work has to be done because where I have done my Rehabs you needed a license for that type of work.
Handymen and women, most time don’t posses these and sometime can’t fully handle a large project.
I have started doing more Buy and Hold here lately because I want life long money comming in. “Positive Cash Flow”.
I learn something new everyday in Real Estate Investing and hope I always will!
I am glad to see you are moving forward in your investing as well.
I wish you all the success in the world!