978: How to Build Your Real Estate Investing Team (Agents, Contractors, Lenders)

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 26 June 2024

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If you want to grow your real estate portfolio faster, make more money with less headache, and achieve whatever financial dreams you desire, you need one thing—a real estate team. Most people don’t realize that the top real estate investors rarely do everything themselves. Instead, they’ve hand-picked real estate investing rockstars to grow their businesses FOR them. We’re talking investor-friendly agents, lenders, contractors, property managers, and more. If you can find the right people to fill those roles, you’ll be able to grow your passive income faster than you thought possible. So, where do you find them? Dave Meyer and Henry Washington are back to give a masterclass on building your real estate team. They’ll walk you through each role—real estate agents, lenders and brokers, insurance agents, property managers, and contractors—describing what to look for, red flags to run from, and exactly where you can find the best of the best in your market. Get this right, and you’re on a fast track to real estate riches, but get it wrong, and you could delay your financial freedom! Ready to build your investor-friendly real estate team? Check out BiggerPockets’ free team-builder to find agents, lenders, and more in your area! In This Episode We Cover How to build an investor-friendly real estate team from scratch The sign of a great investor-friendly agent and clear red flags experienced investors notice Why some lenders will lend to you much more easily than others Why Henry ALWAYS uses an insurance broker (NOT an agent) to find policies How to incentivize your property manager to make you more money (NOT just collect fees!) A unique way to find quality contractors in your area and how to inspect their work BEFORE you hire them And So Much More! (00:00) Intro (02:24) Real Estate Agents (12:15) Lenders and Brokers (22:08) Insurance (25:27) Property Managers (34:26) Contractors (44:07) Where to Find Your Team Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-978 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Are you're a new real estate investor wondering who do I need on my team to be a successful investor?
0:08.0	Or maybe you have a few properties already and you're wondering how to find the right people to scale up and get to the next stage.
0:14.8	Today's show, we're going to be getting into how to put the right team in place so you can
0:19.7	grow your portfolio successfully. Hey investors, I'm your host Dave Meyer and I am joined today by Henry Washington.
0:33.4	What's up Dave?
0:34.4	Glad to be here. Thank you.
0:35.7	Thank you for being here.
0:37.1	So tell us what we're getting into.
0:39.1	Yeah, today we're going to be talking about who investors need on their team. But more importantly we want to talk about what
0:44.7	are the qualities that we need to look for in these individuals and in these businesses and
0:50.6	also how to go find these people. So we're going to share some stories from our specific
0:55.2	deals, portfolios, experiences because there is a lot of lessons, a lot of expensive lessons that
1:01.7	I have learned that have helped me shape who the team members are on my team
1:06.1	and why we have such a beneficial relationship. So we'll talk about how to find investor-friendly real estate agents,
1:12.0	how to find lenders and pick lenders because they are not all equal.
1:17.0	We'll talk about insurance agents, property managers and the dreaded Dredded.
1:23.0	That was a drumroll.
1:25.0	It was a bad one, but it was a drumble.
1:26.0	I liked it.
1:27.0	I thought it was pretty good.
1:28.0	I got it.
1:29.0	And the dreaded contractors, because we all know that that is a very difficult part of real estate investing and the more you can be prepared for that on the front side the better your team is going to be.
	...

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