Team Building 20221021

[Greg Schreffler]

What Team Players do you recommend in the ATL for:

Lenders

Insurers

Property Management

Agents (which some have already responded & I appreciate it)

Contractors

Banker/Conventional Loan/Local Banks

Private Lender

Partnership

Mentorship

Do you prefer software (computer) over hardware (actual human)?

Investor friendly CPA

Who did I miss?

Course you're probably wondering what my niche is. Me too. Starting out I want to say Single Family (it seems less scary), but don't I get more from my borrowed money w/ Multifamily?  In other words, I work real hard to scrounge up money to buy a Single Fam, but in the end I'm only getting ONE cash flow unit. However, isn't it true that you can use that same money to buy a Multifamily unit (like a Triplex) and get THREE cash flows going?

Thanks for your feedback!

[Drew Sygit]

@Greg Schreffler

An agent and a PMC should work together to find you great rental properties!

We don't recommend relying solely on an agent as they're out of the picture after the closing. Also, in our experience, 95+% of agents have no clue how to calculate ROI, Cash-on-Cash, Cap Rate, etc., so what are they really going to help an investor with?

No one has more "skin in the game" than a PMC as they have to deal with the property every day until an owner sells or fires them.

Also recommend finding your own Inspector and not one referred by an agent. You want an unbiased Inspector.

Then:

• Do a SWOT analysis of your resources
• Write down your real estate goals
• Pick an asset type: SFH, 2-4 units, 5+ units, or something else like MHP.
• Pick an asset class: Class A, B, C & D properties, research pros & cons, pick one to focus on
• Pick a real estate market that matches your resources & goals
• Contact local agents & PMC’s to start sending you listings to analyze
• Analyze a few deals weekly, get comfortable with the market and refine what you're looking for