Your Real Estate Investing Team Your Real Estate Investing Team

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Your Real Estate Investing Team

Before you start investing in real estate you need to make sure that you set up the proper team. Making sure that you have a reliable and trustworthy team to help you complete your deals faster and more efficiently. Without the right team you could be heading into a disaster. The 5 team members that you need to have in place are your attorney, CPA, mortgage broker, contractor, and real estate agent.

 Real Estate Attorney

Your attorney is the protector of all your deals. A quality attorney will understand your business and give you the proper legal advice and guidance to make your deals work without any headaches. Without an attorney you face a huge risk of a legal issue arising that can ruin a deal and possibly your entire business.

CPA

In business, especially real estate investing, it is essential to save money wherever possible. They will help you structure your business and your taxes so you can save the most money that you can. They also will provide you with financial advice to help you make the right decisions with your money.

Mortgage Broker/Lender

It is always good to have private money lenders on hand. But when this is not available you need a reliable broker that will always be there and have funds available for you. A professional mortgage broker will have connections in the industry and will have access to certain tools that a private money lender would not have.

Contractor

After all financing is taken care of you need someone to actually conduct the rehab. Your contractor will be the one to do this. A good contractor will have an entire team of his own that can complete the entire rehab. It is important to build strong relationships with more then one contractor because you might have more then one project going on at a time. Also as you build your relationship with contractors there is an opportunity to get cheaper rates from them.

Real Estate Agent

The final team member you need is an agent. A real estate agent will be the one who sends you leads for your deals, and helps you sell the houses when the rehab is finished. Realtors have access to special databases in real estate that the average person doesn’t.

Real estate investing is not a one-man operation. You need a trustworthy and reliable team to make sure everything gets done efficiently. This is especially important when investing in Long Island due to all of the competition that you are going to face. Once you have your team you are ready to start investing!

Before you start investing in real estate you need to make sure that you set up the proper team. Making sure that you have a reliable and trustworthy team to help you complete your deals faster and more efficiently. Without the right team you could be heading into a disaster. The 5 team members that you need to have in place are your attorney, CPA, mortgage broker, contractor, and real estate agent.

 Real Estate Attorney

Your attorney is the protector of all your deals. A quality attorney will understand your business and give you the proper legal advice and guidance to make your deals work without any headaches. Without an attorney you face a huge risk of a legal issue arising that can ruin a deal and possibly your entire business.

CPA

In business, especially real estate investing, it is essential to save money wherever possible. They will help you structure your business and your taxes so you can save the most money that you can. They also will provide you with financial advice to help you make the right decisions with your money.

Mortgage Broker/Lender

It is always good to have private money lenders on hand. But when this is not available you need a reliable broker that will always be there and have funds available for you. A professional mortgage broker will have connections in the industry and will have access to certain tools that a private money lender would not have.

Contractor

After all financing is taken care of you need someone to actually conduct the rehab. Your contractor will be the one to do this. A good contractor will have an entire team of his own that can complete the entire rehab. It is important to build strong relationships with more then one contractor because you might have more then one project going on at a time. Also as you build your relationship with contractors there is an opportunity to get cheaper rates from them.

Real Estate Agent

The final team member you need is an agent. A real estate agent will be the one who sends you leads for your deals, and helps you sell the houses when the rehab is finished. Realtors have access to special databases in real estate that the average person doesn’t.

Real estate investing is not a one-man operation. You need a trustworthy and reliable team to make sure everything gets done efficiently. This is especially important when investing in Long Island due to all of the competition that you are going to face. Once you have your team you are ready to start investing!

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