Tips on building a strong team

[Emily De Leon]

Hello, I'm a rookie and I've been listening to podcasts and taking a course. I want to build a strong foundation before purchasing my first investment and I feel like building a team would be the way to go, besides my education. So how do you build a team and what are the rates typically like? I do know that it would be best to find people who are investors and doing the same strategy as you. Is anyone from the Jacksonville, Fl area?

[Chris Davidson]

@Emily De Leon working on your education is first and foremost. Granted you will look back one day and realize you didn't know too much getting started. But for a deal to work you need to find it, finance it, (fix it), and operate it. You have to find where you fit in that and what you can bring to the team. If you can't find it, fix it, or operate it you have to bring money to it. If you don't have money you have to be able to do one of the others. While working on your education you will figure out a strategy you like and are going to pursue, and will start networking with people along the way. 

In order to make a good team it needs to be wins all around and for that to happen everyone has to bring something to the table. There are no typical rates except in conventional loans as everything else is based of the deal.

FL is a active area keep taking steps forward you are in a great place to get started!