I need help developing my Power Team

[Arlu Tejada]

Hello everyone,
I am kind of a beginner. I have been studying real estate for a while now. My goal is to buy a property and rent it out. Now, I need help developing my Power Team. I have looked through the BP for power teams suchs as https://www.biggerpockets.com/forums/109-goals-business-plans-entities/topics/552

But what actual questions do I ask them to make them qualify for my team. Do I just go up to them and ask " Hey, I'm looking to invest in Indianapolis and I am trying to develop my power team."

Also, I know that when you talk to your realtors you can ask them for referrals. But what comes next??? How do i actually talk to these people and have them join my team? I'm really struggling at this. Maybe it's easy but i just can't follow. Maybe you guys have a script or something to say to these people?
Any opinions would be so helpful! Thanks in Advance.

[Jeff Warner]

Originally posted by Arlu Tejada:

Hello everyone,
I am kind of a beginner. I have been studying real estate for a while now. My goal is to buy a property and rent it out. Now, I need help developing my Power Team. I have looked through the BP for power teams suchs as https://www.biggerpockets.com/forums/109-goals-business-plans-entities/topics/552

But what actual questions do I ask them to make them qualify for my team. Do I just go up to them and ask " Hey, I'm looking to invest in Indianapolis and I am trying to develop my power team."

Also, I know that when you talk to your realtors you can ask them for referrals. But what comes next??? How do i actually talk to these people and have them join my team? I'm really struggling at this. Maybe it's easy but i just can't follow. Maybe you guys have a script or something to say to these people?
Any opinions would be so helpful! Thanks in Advance.

I think your over thinking this. As far as a "Power Team" I'm assuming your talking about a Realtor, CPA, Real Estate Attorney, Title company, etc. The guru's like to make it seem like some magical journey that will guarantee your success once you find all those people, I'm sure there is a $4997 boot camp on the topic somewhere.

The bottom line is you need to meet with these people and see if your comfortable with them and that their expertise matches what your looking to do. There is no mystery here, just pick up the phone and start calling. Another option, and perhaps even better way to go would be to join your local REIA and talk with fellow investors and see who they are using. Alot of times you'll see a pattern and hear the same names being referred over and over.

Jeff