Better to DIY or Build a Team?

[Tyler Kastelberg]

Every new sponsor has a decision to make ... DIY or Hire.

Each task that you DIY or outsource comes with a cost and benefit.

Sponsors: What common business tasks do you keep to yourself, and what do you outsource?

@Omar Khan @Brian Burke @Kyle Mitchell

[George Pauley]

I haven't ever thought about when to hire as a long term investment strategy.  Instead what I find is that as my portfolio has grown, I repeatedly found myself in a situation where I had to admit:  I don't have time (or inclination) to do activity X anymore.  I then asked myself if I could afford to pay someone to do X, and the answer was almost always yes, and then hired them.  

I will say that my real estate "empire" seems to grow every time I hire the next team member.  Some of this is just the team freeing up my time.  But I think a lot of it is that team members want to see me grow (so I give them more business) and so they push me.  ;)  Team members often give me new ideas which is really useful too.