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Updated about 2 years ago on .

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Henry Clark
#1 Commercial Real Estate Investing Contributor
  • Developer
3,795
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3,801
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Mentor 7- Team members

Henry Clark
#1 Commercial Real Estate Investing Contributor
  • Developer
Posted

Up front decide if your REI investment will be a one and only or the start of your large portfolio.

If one and done, if your a penny pincher go with lowest cost and quickest.

If you’re building a portfolio, then build a team.

A.  Pay them immediately when you get a bill.   Hand deliver it to them.

B.  Understand you are not their only customer.  Lots of changes and last minute decisions means you’re a bad Team member.  Don’t be lazy.  Do your work and planning ahead of time.

C.  Don’t penny pinch.  It’s Sunday 11 am.   I can call and talk with any of our team members.  Bankers, plumbers, electrician, excavators, builder, etc.  When they see a problem or a better way they call or take care of me.   They don’t take corners.  

D.  Learning “you”.  If you stick with your vendors you don’t have to teach them your path.  The type of quality you expect.
Makes the next project easy.

E.  Buy them lunch in the field.  Holidays drop off caramel topped apple pies.  

Start small and Make Your Big Mistakes Early.   

  • Henry Clark