A real estate investor’s team
In order to succeed as a REAL ESTATE INVESTOR, you need very reliable and experienced people on your team. You first of all need a realtor who knows the difference between buying a house to buying a property at a discount. You need a realtor who will look for your best interest and not their commision. I made the mistake of using a realtor three years ago who I thought they knew what they were doing and all they did was find me a duplex in the worst neighborhood at retail price. You also need an honest and trustworthy contractor. One who can give you estimates on properties that you will be buying at WHOLESALE PRICES. One who also can fix these PROPERTIES so that you can make a profit as fast as posible. You also need a good property manager. You dont want to go through the ones I have used who give you excuses as to why they are letting your rentals sit vacant. I think a good CPA is important so that you can get all the tax deductions associated with rental properties. You also want one that can give you good advice on how to delay long term capital gains. It is just about imposible to be a successful REAL ESTATE INVESTOR without the proper people helping you.
