People to have on your real estate investing team include
-Real Estate Agents ( find the top agent for volume of sales in your area and other agents who work with real estate investors)
-Real Estate appraisers (find an appraiser that has done a few hundred jobs or more and make sure they carry errors and omissions insurance)
-Real estate contractors (good rehab crews that can get the job done in a timely manner, have 3-5 crews and on every deal get 3 estimates done. Ask for referrals from them and make sure they are licensed)
-Real estate attorneys (every investor needs an attorney, they can help to protect your assets, make sure you find one that works with investors)
-A property management gold coast company (can manage your properties and will give you leads on property they are managing that might come up for sale)
-Title companies (take care of the legal process and make sure there are no liens against the property you are buying, choose one that does hundreds of closings a year)
-Home inspectors(charge about $400 but will give you a great inspection and could save you thousands in the long run)
-And your Mentor
There is no better phrase out there then Just Do It! Once you have learned all you can networked with investors in Billings and learned real estate investing strategies there is nothing left to do but get your feet wet. There is no better learning tool out there then doing a deal. Once you have completed that first deal you will know what to expect and find out that it is not as hard as you thought it would be. You will have learned what you did right and what was frustrating. Take that experience and ask yourself what would have made it run smoother. Apply that to your next deal. Then the next deal will be easier and it keeps getting easier as you go.
The average person never uses what they learn. Don’t be average apply your knowledge. When going out and doing your first deal act like you have done 1000’s of deals. The fastest way to change a habit is to act like it is true.
Five keys for success
2.Tools of a professional
3.Have the mindset of a winner
5.Money and the knowledge of leveraging it (you don’t have to have millions to invest in real estate, there are many strategies out there to use other people’s money, or no money at all)