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Updated 9 months ago on . Most recent reply
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ISO: Every member of a multifamily real estate team here in MD
Hi. So I'm new to the multifamily real estate business here in MD. I don't own any real estate yet. However, I created my LLC. While listening to the BP podcasts, I found out I was making a big mistake, which is the fact that I haven't completed my team yet. I've been so focused on finding the deal first. So here are my questions: while there are sections on this site to find people to create your team, how do you know who are the best people to be on your team when there are so many? And what questions do you ask them to help you decide? Also, how do you find the rest of the members of the team who aren't financial planners, tax professionals, accountants, lenders, and real estate agents? The bottom of the page only shows who the members of your team should be and why you need them. Thank you for your help.
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I would recommend you connect with other Investors in the area. Once you get to know what other people have done, it will be easier to see what you need to do and use their recommendations to build your team. I know you were focused mainly on the financial (financial planners, tax professionals, accountants, lenders, and real estate agent) But you'll also need to consider the physical parts. No house is perfect at some point you'll need plumbers, electritions, Hvac repairmen, etc. People who have already been in real estate in your area will have an idea of the best people to hire for both aspects because they've been doing it longer.
~Gabe Randall