Wholesaling, Team Assembly

[Ronald Garry]

Hello BP,

After reading the beginners guide, I realize it is important to assemble a great team as an investor. For new wholesaling investors, who would be the most important team members to create relationships with if your niche is only wholesaling? Common since tells me I will need a mentor, title rep, attorney, ect. I don't see the need to have contractor or property manager on hand if I am selling to someone who would be rehabbing and flipping a property. Although I know building those relationships would only help me in the future. My main focus now is only on the key team members for the niche i've chosen. Please correct me if i'm wrong. Thanks in advance.

[J Scott]

Wholesaling involves: finding deals, analyzing deals, getting them under contract, finding an end-buyer and getting them closed. So, the team members you'll need are the team members who can help you get those things done.

To analyze deals, you'll likely need at least a real estate agent (to help with comps) and a general contractor (to help you with rehab estimates). To get deals under contract, you'll probably want a good contract, meaning you'll need an attorney. To get deals closed, you'll need a closing attorney or a title company.

So, you'll at least want a real estate agent, a GC, an attorney and a closing agent. As for finding properties and finding end-buyers, once you determine how you'll do that, you can determine which team members (if any) you'll need for those areas.