Your Real Estate Investor Dream Team And How To Build It

I’m going to assume you already know why it’s so important to have an awesome team behind you to be successful with investing in real estate. If you’ve read any book about successful people in business, you will quickly understand that they didn’t go at it alone. So, let’s discuss how to build a dream team for your real estate investing business.

There are several ways to locate key players for your dream team, which I will briefly list for you below. I’m also going to share with you some short cuts that I discovered along the way to help you find truly amazing dream team members faster and easier than you may have thought was possible.

For starters, let’s talk about ways that people usually locate dream team members.

There are traditional methods, like calling on ads in the newspapers, yellow pages, online search results, classified ad websites, and so on. This is rather time-consuming approach that rewards dream team members that are willing to spend the time or money advertising to find more clients.

The second approach is to network or ask for recommendations from a colleague or friend. Let’s take a few moments to discuss two variations of this because they can be highly effective strategies for locating and building your dream team.

The first variation is to get recommendations specifically from other real estate investors. Read some of my other articles for ways I go about finding other real estate investors by building a buyers list. Many active real estate investors will already know an awesome real estate attorney, property manager, title company and so on.

The second variation on networking is to tap into one of the best centers on influence for all of your critical dream team members. Where is that center of influence? Well, who do you think is at the center of most real estate transactions? Your local real estate agent or broker.

Great real estate agents and brokers have dozens of experienced dream team contacts. The usually know who to avoid (in most cases based on their own actual experiences) and who can get the job done – even n a difficult transaction. They know who the best lenders are, they know real estate attorneys, they know property managers, they know escrow agents and title companies and they understand the entire real estate process. If you’re lucky, you will even find a real estate agent with investment properties and they can be a source of deals and other investors for you.

So, you can struggle calling dream team members at random from their marketing materials, or, you can take the easy way and tape into other investors’ dream team members by networking with them. Better yet, take the super fast approach by using a great local real estate agent who will introduce you to all the key dream team members you need.

To your investing success!