Building Your Investing Team Without Networking Events

[Andrew Rellinger]

Hello, I am in the beginning stages of real estate investing. I am looking to buy my first single family rental property ($200-300k) in Southeast Michigan probably within the next year. I am currently working on saving capital, creating a detailed system to have in place. Part of this system is having a team. I often thought of taking the course and exam and becoming a licensed real estate agent to learn more in the industry and the perks that come with it such as getting to view properties before everyone else. I have no experience in sales or anything of the sorts so it would be a steep learning curve. I haven't quite decided if I should go for it or not, but I am wondering how to build my team. I looked to see if there are real estate investing clubs in my area and there are, however, based on my research not many people attend the events in my area and the ones that do, are often new to the game which I am not looking for. I want experienced individuals who are very familiar with real estate investing and bonus points if they have an investment portfolio of their own. Ideally I am looking for these professionals to be local to the Southeast Michigan area in which I plan to buy my properties. I am looking for:

- Attorney

- Realtor 

- Real Estate Agent

- CPA

- Mortgage Broker

Do you have any suggestions and/or recommendations on how to find such professionals that doesn't include real estate investing clubs and networking events? 

Thanks for reading and happy investing!

[Deepanshu Madan]

When I was starting out 5 years ago, I was in a similar situation. What worked for me well, instead of going out to find the entire team at once, I decided to find a real estate agent first who's the first person who you'll work on deciding on the property anyway.

I talked with a few real estate agents to find out what kind of listings/deals they have and how investor-friendly they are. Once I found an experienced real estate agent, building the team wasn't very hard, they usually have mortgage brokers, attorneys, property managers, and inspectors in their network which they are happy to work with again and refer to you.