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Updated over 1 year ago on . Most recent reply
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When should I find my team?
I just started looking for 2 units I am going to live in one rent out the other. I found a lender and realtor that I like, the realtor referred me a couple lenders that he has used in the past. Should I be looking for a GC, electrician, plumber now? What are the questions you would ask the different companies as I want to find the best one. What part of the team am I missing?
Thank you
Most Popular Reply
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Quote from @Jaron Walling:
@Max Lichtenstein Great job so far and I love the energy. The relationships and team you're trying to build revolves around the asset you're trying to buy.
What is your strategy and do you want to rehab properties? I guess you're aiming for a BRRRR deal, but keep in mind the challenges and additional work that comes with it.
You should be looking for opportunities. Unless you have a property under contract, or know these professionals personally, how serious do you thing they will take you? It's a relationship business. You don't waste my time and I won't waste yours.
Every property has different numbers, rehabs, and protentional. Any real estate can be a deal for the right prices. I'd focus more on numbers and market research than purely building a team. You can build the team once your feet get wet.
Thank you Jaron, the apartment I have looked at already has tenant in the building. I am look to live in the apartment for at least a year. Hopefully everything goes well, renovative the building, rent out both apartments then find another one to live in. At least, that's my goal!