How To Build Your Investment Team
Updated: 11 hours ago
Tips for Building Your Real Estate Investment Team
Plan the Work, then Work the Plan
As investors, we all have a certain role we play in a deal. Some of us wear many hats, and some of us specialize in a specific area. A lot of times, needs and skill sets change from deal to deal.
To put yourself in the best position to close a deal, you need to first plan out what resources you need.
Here's a list of roles that you may need for any investment team:
Legal/Attorneys
Brokers
3rd Party Reports/Data
Insurance Providers
Underwriting
Engineering/Architects
Construction/Renovations
Title Agency
Financing/Banks
Investors
Establish Budgets
Determine your available funds and budget your costs to make sure you pay for the services and expertise that you need.
“A lot of people go cheap on legal - in my opinion you get what you pay for.” - David Toupin, REL's CEO
Grow Your Network
You need to know the right people with the right expertise and skillset. One pro tip is growing your professional network through a Community like the one we run here at REL. We create a relaxed type of environment that helps people make actual connections.
Learn Expert Strategies
Listen to David Toupin talk more about his perspective on building teams: