Your REI Team?

[FL Teal Newbie]

As a newbie,

I was wondering  ???  When developing your team or contacts, who do you recommend having on the list?  A RE Broker, a mortgage lender, contractor, etc.

Thanks,

[wricg]

Investors, they create your biggest forum...

[wallacehobbs]

Great Question:

Let me see here in my Contact Manager I have:

* My Accountant  ( she is wonderfull)

* My Tax Lawyers  ( I have 4 for different things)

* Handyman     (for Minor repairs  3 of them)

* General Contractors   ( I have about 6 of them)

* Investors      ( I have Many of these Wonderfull folks)

* RE Millionaires   ( I have a network of many I work)

* Realtors ( I have 5 I work with that are Investors as well)

* Title Agent   ( Several in different states)

* Appraiser    ( to get my own on Top of the lendes one)

* Property Managers  (I have them in different States)

* Mortgage Broker  ( I have 2 that can walk on Water)

* REO person at banks   ( several of these nice people)

* Support Team  (Folks I can call day or night for help)

* Mentors   ( I have them on Speed Dial - for everything)

* Bank Presidents  ( always good to know)

* Major Lenders  (Wamu, CountryWide, Wachovia etc)

* My Mom  ( Most important is Family Support)

I hope this short list helps.

Happy Investing!  

[Las Vegas Real Estate]

A lawyer might also be a good member of a REI team.

[FL Teal Newbie]

Great Question:

Let me see here in my Contact Manager I have:

* My Accountant  ( she is wonderfull)

* My Tax Lawyers  ( I have 4 for different things)

* Handyman     (for Minor repairs  3 of them)

* General Contractors   ( I have about 6 of them)

* Investors      ( I have Many of these Wonderfull folks)

* RE Millionaires   ( I have a network of many I work)

* Realtors ( I have 5 I work with that are Investors as well)

* Title Agent   ( Several in different states)

* Appraiser    ( to get my own on Top of the lendes one)

* Property Managers  (I have them in different States)

* Mortgage Broker  ( I have 2 that can walk on Water)

* REO person at banks   ( several of these nice people)

* Support Team  (Folks I can call day or night for help)

* Mentors   ( I have them on Speed Dial - for everything)

* Bank Presidents  ( always good to know)

* Major Lenders  (Wamu, CountryWide, Wachovia etc)

* My Mom  ( Most important is Family Support)

I hope this short list helps.

Happy Investing!  

Thanks WallaceHobbs - that is quite an extensive list...I guess if you have been in the business for awhile you get to the point you have to have a network that size.  

Why the GC - aren't most rehabs doable by you and some handy men - or are there cases that involve GC's?  When would you need to bring them into the process?

[wallacehobbs]

Thanks WallaceHobbs - that is quite an extensive list...I guess if you have been in the business for awhile you get to the point you have to have a network that size.  

Why the GC - aren't most rehabs doable by you and some handy men - or are there cases that involve GC's?  When would you need to bring them into the process?

Fl Teal Newbie,

You are Welcome.

It may surprise you I have only been a Full time Real Estate Investor since Aug 04.  I just got lucky finding the right education and suppport and network to move me forward much faster is all.

I have found sometimes you may need a GC, if Plumbing or Electrical work has to be done because where I have done my Rehabs you needed a license for that type of work.

Handymen and women, most time don't posses these and sometime can't fully handle a large project.

I have started doing more Buy and Hold here lately because I want life long money comming in.  "Positive Cash Flow".

I learn something new everyday in Real Estate Investing and hope I always will!

I am glad to see you are moving forward in your investing as well.

I wish you all the success in the world!