This should give you a good idea who you need to have on your real estate investment team. Having a good solid team will not only make investing easier, but it will also be more profitable.
Building Your Real Estate Investment Team
How successful you become as a real estate investor will be determined by how well you assemble your team. You will need to have team members who have knowledge and expertise in their field, as well as be trustworthy and reliable. Following are players you need to recruit for your team.
Credit Repair Specialist – Even if you have good credit, it is always a good idea to have someone to repair and monitor your credit. Especially today where identity theft is prevalent, it is a good idea to monitor your credit in order to keep it in good standing.
Accountant – Keeping your accounts in proper order is difficult due to the various laws that apply to investors. Find an accountant who is familiar with these rules and regulations, is an investor himself, or works closely with real estate investors.
Real Estate Attorney – A good attorney is worth their weight in gold. There are just too many laws to learn yourself. Make sure they know the laws in your area and understand the types of deals you are going to be doing. Also I recommend you have them look over any contracts to make sure they are legal for your area.
Real Estate Agents – A real estate agent is good to have in case you decide to sell a property. In addition, the agent has access to the Multiple Listing Service (MLS). It may take a while, but find one that works with investors and understands the types of deal you are going to be looking for.
Title Company – You need to find a title company that works with investors and knows how to handle the types of deals you are going to be doing. They must also understand the investor terms you will be using and be able to close quickly if possible. Like the real estate agent, it may take awhile to find a title company you can work with.
Investment Advisor – An investment advisor is someone who can give you suggestions where to invest your profits. It is a good idea to have someone who does this full time and can give you sound advice to maximize your investment profile.
This should give you a good idea who you need to have on your real estate investment team. Having a good solid team will not only make investing easier, but it will also be more profitable.
http://www.ftballcoachwholesaledeals.com/
Fixer Uppers – Getting the Most Bang for Your Buck
Remember to keep your first fixer upper simple. Set a time frame and budget and try to stick to it. Do not overspend on upgrades and always put the most money in the kitchen and bathrooms. Keep the colors neutral and always pay attention to the little details. They may seem little to you but could be very noticeable to a potential buyer.
Investing in Probate Real Estate
As you can see, it is pretty simple to find probate properties, especially now because many counties have their information available on the internet. Find out if there is real property and contact the PR. Remember, every PR is not going to respond. But if you stay persistent with your mailings, they will start calling.
The Edge to Selling Your Home Quickly
In today’s market, when selling your home, you must go a little bit more above and beyond than just having a clean home and having it priced right. Having an edge over your competition to attract buyers, and staging your home from the moment a potential buyer drives up so that they are eager to see the interior is the key to selling your home quickly.
