Building a Team Before Acquiring Assets

[Zachary Clevenger]

Hello BP!

It's a beautiful hot-humid morning here in the greater Indianapolis area. Im sitting here drinking my coffee, doing some reading on the forums, and would like to get some ideas in regards to building a solid team from those of you with experience in 'Buy-n-hold".

I am a pretty handy guy, but I do not want to be so involved in that process that I am committing my most precious time, time spent with my family, to being stuck rehabbing/repairing things.

I am not looking to self manage my future properties, do my own legal work, and although I am financially more intelligent than your average Joe, I would like to have some one who professionally does it/ knows the loopholes/etc. 

So on to my question.....

Where would YOU start? Find an attorney that specializes in real estate? Find a CPA? Find an agent? Contractor? etc....etc....

*** Also, if you are local to Greenwood/Southern Indianapolis area I would love to hear of recommendations!***

I am curious to see the responses I get and look forward to the debate!

And......GO!

[Arianne L.]

@Zachary Clevenger A good place to start could be interviewing several property management companies (5-10). Find the good ones who are responsive, know the area and have good business practices.

They usually have agents who can help you who may be more familiar with the rental side vs the retail side. A good PM company should also be able to give you good contractor referrals.

A CPA and attorney can come later. But definitely important members of your team. However, without any properties, you wouldn't really have much to talk to them about.