Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago, 02/23/2021
Why would my "dream team" work for me?
Hello. I'll make this post an introduction, as well as my first question.
I consider myself a beginner, despite being a landlord for close to 15 years now. I purchased a 1 bedroom condo for myself after moving out of my parents house, and then started renting it out when I moved in with my girlfriend (now my wife). Hindsight is always 20/20, and I realized I missed a very large opportunity in 2008 to purchase at least a few condos in that area for under $100,000 that could easily rent for $1,200.
I am trying to learn as much as I can. I've attended a webinar , read "Rich Dad Poor Dad" book and currently reading the "BRRRR" book. Both of those books talk about having a dream team. You need a realtor, a contractor, etc.
Here's my question:
Why would a realtor who finds an amazing deal want to share it with me, instead of buying it for themselves?
Why would a contractor not want to buy that run down house and fix it themselves for the purpose of renting of flipping?