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Updated about 10 years ago on . Most recent reply

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Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
32
Votes |
205
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Building a team?

Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
Posted

Starting my buy and hold company in multifamily properties this year, but who should be included on the team besides founders?. And How do we go about locating these folks an including them going forward as a new company?.

We want to lay a strong foundation brick by brick, so no matter what problems come up we can bounce back. 

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Chris Soignier#5 Coronavirus Conversation Contributor
  • Real Estate Broker
  • North Richland Hills, TX
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Chris Soignier#5 Coronavirus Conversation Contributor
  • Real Estate Broker
  • North Richland Hills, TX
Replied

Just a few team members you many need - this is not necessarily a complete list:

- I recommend you obtain experienced due diligence help if your team isn't experienced in it

- lenders/mortgage brokers

= investors, unless you and other founders will fully fund the equity

- GC's/contractors for rehabs/upgrades

- landscaping company

- property management

- accountant

- lawyer, esp. if seeking outside equity investors

- multi-family brokers

- insurance broker

I'd start by networking w/ other local property owners and MF brokers.

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