Here Are 4 Ways To Build A Power Team For Your Real Estate Investing B

Too many investors try to do it all themselves. I have no idea why. You didn’t get into the business because you WANTED to work 24/7 did you? Chances are, you became an investor because you liked the idea of passive income. So why did you trade your old J-O-B for a real estate investing J-O-B?

It’s stupid.

A team will make your life easier.

• You’ll do more deals in less time
• You’ll make more money
• You’ll be able to scale as big as you want (just add more team members)
• You’ll have more down-time (your spouse and kids will love that!)

In this blog post, I want to share with you how you can build your own team – and keep your sanity! Here are 4 sources of GREAT team members to build your team.

Local REIAs: Your first stop should be your local Real Estate Investing Association. (You should belong to your REIAs whether or not you’re looking for a team). Along with guidance, advice, and countless networking opportunities, you’ll meet investors of all levels, some of whom would love to be part of a team.

Social media (especially BiggerPockets) is another excellent gathering place to find potential team members. There’s tons to learn there, of course, but you can reach out to potential team members by reading member blog posts, forums, and comments to see who is in your area and who could be a great addition to your team. Then message them. But even beyond BiggerPockets, you may be connected to investors on Facebook, Twitter, or LinkedIn who would value becoming a team member.

Any sales driven organization is a great source for team members, especially those who will be selling in your business. Look in financial services sector, automotive sales, and home renovation companies (like those window replacement companies, as well as other sales companies. If you find the A-players in these companies, you may discover that they are disgruntled, burnt out, or even pissed off because they are capped by what they can make. If you pay unlimited commissions on sales generated, you can win them over. If you keep your eyes open you will find a lot of experienced, successful salespeople. Most of these professionals also come with ready-made networks of prospects and potential fellow team-members. So the next time you’re looking to buy a car, seek out the most qualified salesperson in the showroom and see how well they sell you a car… and then offer them a job).

And here’s an often overlooked source that can be really powerful…

New Investors: There are many new investors out there and what holds them back is a lack of capital and a lack of confidence in dealing with sellers and buyers. But if you have experience and are willing to teach them, new investors can be a great addition to your team as they look for your guidance while taking their first tenuous steps in the field. They have similar goals and they’ll often work for a lower pay in exchange for training and even partnership potential.

As you grow your investing business, you shouldn’t be doing all the work yourself. Stop working at another job and instead build a team. It will be a stretch and it will feel like a totally different business… but you can rapidly grow your business 2x, 10x, even 100x with a team.