Building a team around you is paramount to your success as a real estate investor but for many beginners it is the most daunting task. The following articles give you some pointers on this all important issue of establishing a real estate investing team.
Marketing is an important element for success in any real estate investment. In wholesaling property it’s essential for bringing in leads and selling property. It’s very difficult to find enough homeowners looking to sell property without marketing. You can’t exactly go door-to-door asking people if they are selling. Plus, looking up properties in the county courthouse will only let you know which homeowners are in debt and in foreclosure. Not which ones are looking to sell their homes.
So, you need to draw the homeowners to you with marketing and advertising. This isn’t as difficult as it sounds. Marketing your wholesale business can be as simple as putting up a few handwritten signs in the area where you’re looking for wholesaling property. Or it can be as quick as placing an ad in the local newspaper.
Full article… Find Wholesaling Leads
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Filed under Acquisitions, Marketing, Team, Wholesaling by mattmiller
I have been asked many times by my students how to approach a lawyer about getting their contracts reviewed, getting general real estate law advice, etc. After providing some general guidance, I have heard many times how the lawyer wanted to charge them hundreds and sometimes, thousands of dollars just to look over some paperwork.
Interestingly enough, I have traveled all over the US and Canada using various lawyers and have NEVER once been charged for my contracts to be reviewed or just general legal advice.
What's the difference between me and my students? No, it isn't just that I'm incredibly good looking and big enough to intimidate a lawyer into giving me free stuff! The difference is simply in how I approach a lawyer, or for that matter, any professional that I need something from.
Full article… Talking to Your Real Estate Lawyer
Popularity: 4% [?]
Filed under Getting Started, Team by Scott Roemermann
It can be quite a daunting task, when you’re starting out, to consider hiring accountants, lawyers and other professionals. Not only is the expense a concern but knowing who to consider and how to make a decision about who to utilize puts many people off. And it is for these reasons that many would-be investors try to do it all themselves.
However, you will find that the short term benefits of doing it all yourself will very quickly be dwarfed by the cost of lost opportunities, bad deals, and a simple lack of manpower turning just a few deals into a full-time job. So instead, let’s discuss some effective selection techniques and ways to minimize costs in the early days.
At this stage, don’t worry too much about how you will afford to have these professionals “on your team”. There are definitely going to be some costs in getting started but initially you will be calling on these people far less frequently than the phrase “on your team” might suggest.
Full article… Guidelines For Assembling Your Real Estate Investing Team
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Filed under Getting Started, Team by Scott Roemermann
