Building Your Real Estate Power Team

Building Your Real Estate Power Team

A real estate power team is only as good as its weakest member, so you will need to get the best people around you to maximize your success. What follows are the eight professionals you need for your real estate power team.

Real Estate Broker

Everything starts with the agent who finds the deals, understands what you want, and follows the right plan to get there. A great real estate agent can be the difference between losing thousands of dollars to making thousands of dollars.  Make sure the agent follows a comprehensive marketing plan to sell your homes for the highest amount possible in the shortest amount of time.  Visit www.BringMeTheBuyers.com for a comprehensive marketing plan that your agent should follow.

Builder/General Contractor

A good builder can help you rehabilitate a property as well as build a new dwelling on an existing piece of land or help you build a new home when the existing home is not worth saving.  The construction process is where most deals are derailed and hiring the wrong contractor will cost you lots of time that you will never get back and a tremendous amount of money.  Learn how to screen your contractor

Having a high quality builder or general contractor can really open up new opportunities when it comes to what types of properties you can buy.

Inspector

Before you close on the deal, a good inspector will let you know of any defects or issues with the property itself. This is especially true when they go the extra mile to search for issues that may not be easily found. All it takes is one major issue they find which can save you many thousands of dollars on the sale or by avoiding the property all together.

Property Manager

To generate short and long term income through your rental properties, a good property manager is a must. They can handle all the detailed work so you can focus more of your time on building your business not working in your business. Not having to react when there is a problem with your property will help reduce the stress in your life as well.

Mortgage Broker

You want to have a good mortgage broker that can pre-qualify potential buyers so that you are not wasting time with people who are not qualified to purchase your homes.

Accountant

This is the person who monitors your expenses, looks at your income, and finds ways to maximize your profits. A good account can do more than just help you during tax season as they can really sharpen up your profit-making efforts.

Marketing Manager

One of the big changes in real estate investing is the marketing aspect. This is where you will need an experienced marketer who can run your website, provide posts on social media, and attract motivated sellers. They can also help you keep up with new technology and trends in the marketing world.

Attorney

A good lawyer is a real estate investor’s best friend. They can provide advice and protect you and your business by reviewing contracts and letting you know all the pertinent information on deals you may be about to close.