Real Estate Team

[Joshua Chen]

When people refer to a real estate "team," are they meaning to describe a close group of individuals they work with, or is there an actual legal/business connotation to the term?

[Larry Turowski]

@Joshua Chen They are referring to individuals you work with.  Realtor, attorney, contractor, CPA, etc.  It is over-emphasized in my opinion.  A team is important but it is a distraction from getting started.

Only put a team together if it is not a distraction from your most immediate need.

What do you need to get started?  Need education?  Focus on that and maybe finding a mentor.  Need to buy a rental?  Find a realtor or wholesalers.  Have a house that needs work?  Find a contractor.  Need a closing attorney or title company?  Find them when you need them.

If doing step 2 or 3 or 4 ever gets in the way of doing step 1, drop it.