Building My Team (Green Bay, WI)

[Nathan Raisbeck]

Hello everybody,

I'm beginning to build my team to start investing. I wanted to hear if you had any recommendations for the following positions so to say: 

Mortgage Broker/Loan Officer

Real Estate Attorney

Escrow Officer/ Title Rep

Accountant

Insurance Agent

Contractor

Investment Realtor

Property Manager

Any help on any of these would be wonderful. Keep in mind I'm investing in the Green Bay Wisconsin area. Thanks again for your time. Hope everyone is having a great 2021!

[Antonio Cucciniello]

@Nathan Raisbeck I may be the odd one out here, but I truly believe that trying to "build your team" early is one of the main reasons why beginners never start.

They think they need all these people on their team before they start investing. But why would a lawyer be on your team, without actually bringing them a property under contract?

Why would an insurance agent talk to you without a property under contract?

Why would an agent want to help you find properties, if you were not serious about buying properties in your market yet and you were still just learning? 

Instead here is what I think you should be doing (you could ignore my advice completely):

1. Set clear investing goals

2. Pick an investing strategy and stick with it

3. Pick a market based on data

4. Call up a bank and get a pre-approval letter (this is when you get a lender)

5. Start looking at properties (this is when you get an agent)

6. Get a property under contract (this is when you start to get everyone else)

Until then, focus on doing those things and mastering analyzing deals.