How early do you build your team?

[Malia Miyashiro-Harmon]

Curious on how early is acceptable to start talking to lenders and real estate agents about getting things going.. my husband and I are in the works of doing a house hack hopefully with either a duplex or multiple units on a piece of land out in the Los Angeles area.  The thing is, we aren't in a rush.  I would rather wait and work w an agent who understands what we are looking for (we are pretty specific) and if it takes 4 months, 6 months, so be it.  We will be working w a family member as a co borrower as well, and the are in no rush either.  I don't want to waste peoples time, but I don't want to rush and jump into the wrong deal.  Thoughts?

[Brenden Mitchum]

Hey @Malia Miyashiro-Harmon

Here's a quick way to find the answer to your question. Ask yourself, "If the right opportunity showed up tomorrow, would we be prepared to make an offer on it and purchase it 30 days later?"

If the answer to this question is "yes," then you should absolutely start talking to agents and lenders now. Even though it may take 4-6 months to find what you're looking for you will want build your team now so that all your ducks are in a row when that opportunity does present itself. If the answer is "no," you are not ready to take the leap and will mostly be wasting others' time. Now, there is nothing wrong with reaching out to professionals to ask questions as part of your education phase but just be weary of their time. 

Hope this helps a bit. Please, feel free to reach out anytime if you have other questions or just want to chat!