481: Build an Unstoppable Real Estate Portfolio with the “Core 4”

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 27 June 2021

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

David Greene is great at coining new terms, just like his co-host Brandon Turner. Today we talk about the “Core 4” of any successful real estate investor's team. This includes the agent/deal finder, the property manager, the lender, and the contractor. Without these Core 4, you’ll have trouble building a real estate empire, especially if you’re doing so long distance. The good news? Even if you’re a brand new investor, you can start building out these relationships today! With the help of BiggerPockets, you can find agents, lenders, property managers, and contractors. You can also head over to the forums and chat with other investors in your area, get their take on who’s the best in the business, and use their referrals to grow your team. Are you an agent, lender, contractor, or property manager? Great! Brandon and David drop some tips on how you can attract the best clientele that will help you grow your businesses as well. The most important part of any of this is having open, honest, consistent communication with your team members and making sure nothing is falling through the cracks so everyone knows exactly what they should be doing. In This Episode We Cover: What the “Core 4” is and why it’s crucial for all real estate investors How to find an agent using BiggerPockets’ agent directory What agents can do to find clients that will close many times over Why you should never “just go for the rate” when comparing lenders Why a great property manager should be out of sight and out of mind Choosing a contractor who ISN’T just an “order taker” And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Pro Membership Real Estate Investing Calculators Beardy Brandon BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan BiggerPockets Podcast 475: 50x Your Revenue By Focusing on ROR (Return on Relationships) with John Ruhlin https://www.biggerpockets.com/show481 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the bigger pockets podcast show 4 81. A lot of people look at them like they're
0:04.7	completely independent components. Well, you're my lender and you're my contractor and you're
0:08.0	my agent. No, when you get into this, they all have to connect with each other. Your contractor
0:12.2	needs to be able to get out there and give you a bid before your inspection contingency ends,
0:15.7	which your agent is going to be managing in the lender and the agent have to work together.
0:19.4	And oftentimes, like you want to answer phone calls from your lender when they ask you for something,
0:23.6	but if your agent says, if you don't get this to him by end of day to day, you're losing the
0:26.9	whole deal, then you will. So that chemistry is also very important when you're picking the pieces.
0:32.0	You're listening to bigger pockets radio, simplifying real estate for investors large and small.
0:38.4	If you're here looking to learn about real estate investing without all the hype, you're in the
0:42.8	right place. Stay tuned and be sure to join the millions of others who have benefited from bigger
0:48.7	pockets dot com. You're home for real estate investing online. What's going on about
0:54.0	it's Brandon Turner hosted the bigger pockets podcast here with my co host, Mr David green.
0:58.8	What's up, man? In the C shut again. Yes, we are. This is where the magic happens. This is where
1:02.7	the magic happens and we sit awkwardly close talking to be sharing it each. It's a little weird.
1:07.3	Today, we're going to talk about building a team when you're a solo investor. In other words,
1:11.7	what that means is if you are a real estate investor who is just getting started, maybe you're trying
1:16.0	to buy your first deal, fifth deal, tenth deal, but they're smaller deals. Where do I want the team
1:20.2	you need to build specifically? We call that the decor for the core for which are your deal finder,
1:26.3	your property manager, your lender and your contractor. All right. So we're going to talk about
1:30.2	those today. But first, let's get today's quick. So quick tip today is we're going to talk a little
1:35.7	about finding a real estate agent. Bigger pockets just overhauled our agent directory. It's pretty
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