Real Estate Investor Articles

For the sake of brevity, I am going to assume that you already know why it is very important to put yourself in the middle of a great team of people to be successful in real estate investing. If you read any book about a highly successful business person, you will quickly see that that they did not do it alone. So let's discuss how to build a great dream team for your real estate investing business.

There are many great ways to find key dream team members, which I will briefly list. I am also going to share with you the two key short cuts that I have discovered to help you find truly amazing dream team members faster and easier than you probably thought was possible.

First, let's talk about the ways that people usually find dream team members.

There are traditional methods, like calling on advertisements in the yellow pages, newspapers, on-line in your favorite search engine, classified ad websites, and so on. This time-consuming approach rewards dream team members that are willing to spend time or money advertising to find more clients.

The second approach is to network or ask for a recommendation from a friend or colleague. I'd like to take a few moments to discuss two variations of this because they can be highly effective strategies for building a 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 a great real estate attorney, property manager, title company and so on.

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

Great real estate agents and brokers have dozens of experienced dream team contacts. They tend to know who to avoid (many times based on actual experiences with them) and who can get the job done - even in difficult transactions. They know lenders, they know real estate lawyers, they know property managers, they know escrow and title companies and they understand the real estate process. If you're lucky, you will even find a real estate agent that has experience with investment properties and they can be a source of deals and other investors for you too.

So, you can struggle calling dream team members at random from their marketing materials, or, you can take the easy way and tap 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.

Until my next post,

James