Building a Team

[Michael De Oliveira]

Hello! 

I’m currently reading “How To Invest In Real Estate” and I got to a part where it states to build a team. 
Should I already build my team even if my plans to purchase real estate isn't for another year or two?

[Abbey Humphreys]

Quote from @Bob Stevens:

Quote from @Abbey Humphreys:

I agree with @Taylor L., the time for finding good people is always now. You can build stronger relationship if you take the time to really grow roots in the market that you're looking to invest in. Scrambling to locate your team while you're simultaneously going through the oftentimes stressful process of closing a deal is not ideal. 

I would suggest going to meetups and making connections and then going from there. 

So let me ask, ( JUST ASKING so everyone learns) what exactly is he going to do? Lets say he contacts me. My 1st question is, do you have cash and or pre-approved. This person has neither. Ok so what value can I bring to him when they are not anywhere near ready? Scrambling, he has two years, :) I would simply say, ok, show me a bank statement, and or preapproval, then what ROI are you seeking? Ok great, when you're ready in two years!! Contact me. Nobody is going to spend time with anyone that has no intention of pulling the trigger for two years, I would not. So as mentioned from all of us, get too local RE meetings and be a sponge. but as far as having someone sit and spend time , well.......

All the best  

Building connections within your network is not a purely transactional experience, in my opinion. There is value in simply asking questions and getting to know those that are in the same realm of interest/expertise. 

An REI meetup in which you interact with and build relationships with local realtors, contractors, lenders, and other investors, is a great place to start for any newbie. This concept of immediately asking for something without anything firm to give in return is obviously not the right way forward. However, having an real, personal, and established relationship with individuals that you can eventually form a symbiotic partnership with when the time comes, has immense value.
 

All the best.