Building a Team

[Aj Escomiendo]

How does a new out of state investor “build a team” that can be “boots on the ground”? Does this just mean people you meet along the way that you have learned to trust and work well together?  

[Michael Dumler]

@Aj Escomiendo, while not always the case, building an out-of-state team usually starts by connecting and working with an investor-focused real estate agent. Be mindful of their time, but don't be afraid to ask hard questions that concern you. Moreover, there are subcategories/niches of investor-focused real estate agents. For example, some agents may only be well-versed in working with house hackers while others may be more experienced with short-term rentals only. 

Working with the right agent will depend on your investment strategy. Once you establish a preferred agent, ideally, the rest of your team should come together seamlessly. Real estate is certainly a networking industry. 

What markets have you been exploring for out-of-state investing? Lastly, if you haven't already, to acquire a little more insight, read, "Long-Distance Real Estate Investing" by David Greene. I hope this provides some guidance and clarity!