I was able to gain valuable experience walking these properties and working with the construction team to estimate cost of rehab and see the entire process through, from rehab to actually packaging the property for sale to investors.

Terminating members of your team is part of being an investor - it just goes with the territory.

You don't need a "company" (LLC, etc) yet.What you need to get started is:1) A process2) A teamKnow exactly how your process will work:a) Meeting cash buyers & understanding their needsb) Finding motivated sellersc) Evaluating propertiesd) Calculating offerse) Testing the water with your buyer(s) if necessaryf) Negotiationg) Closing via a contract/agreementh) Assignment to a cash buyer via another contract/agreementi) Receiving payment at closingFor your team, you'll need to know:a) Cash buyers, of courseb) Real estate agent(s) or broker(s) - provide comps, MLS opportunities, etc.c) Title company (preferred to have one you use for your deals)d) Attorney (required in some states)Best of luck!"

Someone on your team needs to be licensed just does not have to be you.Good luckPaul

He lives in SFO area and invests in Fresno area by having realtors, property managers, and contractors on his team.

The site is:www.therealalliance.comThey appear to have everything you need to get started readily available for you to utilize and maximize your deals including virtual assistants and software to keep your team informed and on the same page.Any and all feedback is welcomed.

We are in the process of putting together a team of people for my investment company and would like recommendations.

I know they are out there because they out bid me on properties, but they and their lenders will surely be screwed soon.70 and 75% deals exist, our team does locate them.  

@John Cardillo,If you need a Real Estate Lawyer for your team, I can recommend one in Pittsburgh.

With time and as I start to build my team, I will have more developed and accurate estimates for these numbers.