The Power Team: Your Key Allies 🤝

[Jorge Abreu]

Let’s dig deeper into these teams of professionals. They cut across the board. We're talking about title company reps, real estate transaction attorneys, SEC attorneys (yeah, the fancy ones), insurance agents, and lenders who make magic happen. You’ll want them to make your deals go like clockwork. You can even offer them referral fees or partial ownership, if feasible.

I also emphasize the importance of effective communication and weekly meetings with the power team. As I always say, “Weekly meetings till we close.” We keep everyone in the loop all throughout the process.

To stay on track, we maintain a comprehensive checklist that covers all the tasks involved in closing a deal. This checklist has evolved over time, as I learned from each deal. It includes paperwork, scheduling third-party inspections, and meeting critical dates for due diligence and closing.

By leveraging technology, we use platforms like Asana to assign and track tasks. We also ensure that everyone on the team has the critical dates on their Google Calendar. This level of organization ensures that nothing is overlooked.

Remember, risk tolerance increases with experience. As you grow your portfolio and tackle bigger projects, your perspective on what constitutes a significant deal will change. With a reliable power team by your side, you'll be well-equipped to handle the complexities of real estate transactions and achieve your goals.