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Updated almost 7 years ago on . Most recent reply
Assembling a Team for New Investor...?
Howdy BP!!
I'm sure this question can help out a lot of newbies as well!
So I've been doing a lot of reading and just learning as much as I can about REI. A common theme I see is to pick a solid team. That's great! However I'm confused to as who is really necessary for people that are starting out in real estate. For my personal situation, I am looking to purchase a multi-family property using an FHA loan (I'm meeting two lenders tomorrow!).
Some examples:
- Lawyer
- Property Management
- Title company
- Appraiser
- Tax accountant
- Stager
- Interior Decorator
- General Contractor
- Architect
- Landscaper
Obviously some of these are not necessary but when will they be? I was thinking for my situation, all I really need is a real estate agent. I plan to do my own property management, repairs, etc. However do I need a lawyer to review all the documents during purchasing property? Or is it wise to get a tax accountant to find all the ways to save money once I've purchased my first property?
Basically my question is, as a first time newbie who plans to pretty much do everything on his own, who do I need or is highly recommended for the long haul?