SIMS shuts down today
If you're reading this email, then you have officially
waited till the last minute to get in on SIMS 2.1 or
Market Domination and it's time to make your decision.
Get SIMS 2.1 or MD here
http://simsprofits.com/?1192629
Greg has to shut down so that he can get the programs
started with all of his new students, so he's closing down
today.
You're not going to have another opportunity to get in
on this program, so you've got to do it now.
Greg is the best marketer in the country and this is
a once in a lifetime opportunity to learn directly from
him and have him evaluate your business. Don't
miss this chance.
If you've been on the fence about SIMS, then it's time
to decide and sign up. I really think this is a no-brainer
and I know you'll make the best decision for you.
Get SIMS 2.1 or MD here
http://simsprofits.com/?1192629
Talk soon,
Fernando
Saturday, May 14, 2011
$4.5 Million Bulk So Cal Package,
Yes we have been asked do we have $4-5 Million packages.
Yes we do and these will move fast. Light to medium rehab.
Give me a call to make these yours.
Time is of the essence, lets get these closed this week.
Thanks for not wasting my time I so much appreciate it.
Fernando
424-259-3733
Have some Texas Units for sale as well.
Yes we do and these will move fast. Light to medium rehab.
Give me a call to make these yours.
Time is of the essence, lets get these closed this week.
Thanks for not wasting my time I so much appreciate it.
Fernando
424-259-3733
Have some Texas Units for sale as well.
Friday, May 13, 2011
$14 Million Southern California Bulk Reo Package.
$14 Million Southern California Bulk Reo Package.
Southern California REO's (via Fannie Mae) Off market
This was a customized tape for another buyer 2 weeks ago, who couldn't pay for the entire order requested. Needless to say the investors want to sale this batch ASAP!
The REOs are available @ $.69 cents on the dollar of the BPO. You can pick & choose but the seller wants a minimum of 80% of the assets taken down.
If you are interested, an LOI would be required and if accepted the funds would have to be placed in escrow via Chicago Title only.
LETS KEEP THIS SIMPLE AS POSSIBLE. IF YOU CAN TAKE IT DOWN LETS TALK. IF YOU CANT DON'T WASTE OUR TIME.
My fee is 2.0% of the purchase price.
Call me and I will be glad to answer your questions?
Fernando
424-259-3733
Southern California REO's (via Fannie Mae) Off market
This was a customized tape for another buyer 2 weeks ago, who couldn't pay for the entire order requested. Needless to say the investors want to sale this batch ASAP!
The REOs are available @ $.69 cents on the dollar of the BPO. You can pick & choose but the seller wants a minimum of 80% of the assets taken down.
If you are interested, an LOI would be required and if accepted the funds would have to be placed in escrow via Chicago Title only.
LETS KEEP THIS SIMPLE AS POSSIBLE. IF YOU CAN TAKE IT DOWN LETS TALK. IF YOU CANT DON'T WASTE OUR TIME.
My fee is 2.0% of the purchase price.
Call me and I will be glad to answer your questions?
Fernando
424-259-3733
Sunday, May 8, 2011
Happy Mom's Day.
Any one can give birth to a child, but it takes a real mother to raise one whether you had them or not. To all you hard working mothers that encourage and guide there children.Who stand by them and show them the love of God.
I hope you're all having a good weekend and that you
enjoy your Mother's Day!
You deserve every card, gift, flowers, admiration, prayer
and tribute to your unconditional love, sacrifice, strength,
faith and compassion!
Enjoy your day!
http://socalhartfordinvestmentgroup.ning.com/
I hope you're all having a good weekend and that you
enjoy your Mother's Day!
You deserve every card, gift, flowers, admiration, prayer
and tribute to your unconditional love, sacrifice, strength,
faith and compassion!
Enjoy your day!
http://socalhartfordinvestmentgroup.ning.com/
Friday, May 6, 2011
Women In Real Estate:
Hello Investors,
Love you Fellas, but this article goes to all of us ladies new or experienced. Its a great reminder for us to stay motivated and/or offers great advice if your just getting started.
Prosperous Investing,
Jasmin
There are women all over the country who would like to become real estate investors but many don't know how to start. Some lack knowledge; some, aware that they lack the necessary knowledge, in turn lack confidence. Where should women who want to get started investing in real estate begin?
The internet is a good place for them to turn.
Women who want to begin investing in real estate can learn some of the basics of investing in real estate by reading educational materials online, and they can develop a familiarity with the topic by reading about current events and trends in the real estate market.
Lack of knowledge is not the only thing that keeps some women from becoming real estate investors; fear is also a contributing factor, Charita Cadenhead, founder of Bham WIire (Birmingham Women Investing in Real Estate), a group for women interested in real estate investing, said. "They're afraid of losing money, they're afraid of not making the right decisions...and credit issues are also involved." In addition, Cadenhead said, "they don't know how to get started."
Real estate investment clubs
Providing women with industry contacts and education, real estate investment clubs are a good place to start. Dawn Jordan-Wells, a broker/associate for Hodge Homes, said she recommended that women interested in investing in real estate do a simple internet search for "real estate investing" to find local investment groups to start attending.
"Finding other women to network with was beneficial," Jordan-Wells said.
Real estate investment clubs exist in many incarnations; some are larger and more formal than others. The National Real Estate Investment Association (NREIA) has about 40,000 members in its 230 Real Estate Investment Association (REIA) chapters nationwide, according to its website.
Joining a real estate investment association is an easy way to meet others and learn about the market
REIAs can expand an investor's knowledge and network
Women interested in investing in real estate, and those who are already doing so, "should get into a REIA so they can get a pulse on the market," Lisa Moren-Bromma, author of Wise Women Invest in Real Estate and Real Estate Investing for the Utterly Confused and president of The Entrust Group, said. Additional benefits of joining a REIA, according to Moren-Bromma, include access to educational offerings and details about legislation that could impact real estate investors. By joining a REIA, real estate investors "are going to have up-to-date information, not just on the markets, but also on the law."
Cadenhead said women interested in investing in real estate should "join those clubs [and] sit in on some of the meetings. They have great guest speakers."
Those new to real estate investing should exercise caution, however, and carefully evaluate what guest speakers say rather than simply taking their words at face value. In some cases, speakers at local REIAs try to sell something to the audience, Moren-Bromma said; new members should "just be aware. Be there to learn, and to network with other people who have been doing this a while," she said.
"I would urge women to be extremely careful in [whom] they elect to give their money to," she said.
In addition to REIA chapters, there are also smaller and less formal investment groups. Jordan-Wells said the website MeetUp.com has allowed her to meet and interact with other investors and those who are interested in investing. She posted an event on the website last August, and now attendance at her monthly meetings about investing has increased from an average of five people to an average of 15 people, she said.
"I'm hoping to grow that," she said. The attendees are mostly women, Jordan-Wells said, and "we just share information and we're more comfortable because, you know, we have that common bond."
Cadenhead also used MeetUp.com to reach out to women in the real estate investment world, and Bham WIire has grown from that, she said.
In addition to investment clubs specifically pertaining to real estate, "I would strongly recommend also looking for support from a general business perspective at NAWBO, the National Association of Women Business Owners," Moren-Bromma said. "They'll get a lot of support from a business owner's perspective and from women in their own area."
Networking
No matter what type of real estate or general investment clubs women seeking to become real estate investors choose to join, such groups can provide them with crucial opportunities for networking, education and support.
"The greatest key is knowledge," Cadenhead said, and women new to real estate investing can benefit from "being around other people who do invest to learn the process from those people."
Learning from and working with other women who are experienced real estate investors can also be a good way to gain confidence. Moren-Bromma said she recommended that beginning investors "work with somebody with some experience in real estate investing—get your feet wet a little bit before you go out on your own."
REIAs allow women to network with lenders and contractors as well as agents and other investors
Learning from more experienced investors builds confidence for many women
At real estate investment clubs, "there are real estate agents and other investors there for them to network with, there are lenders, there are contractors," Cadenhead said.
"Everybody who's related to the real estate industry can be found right there...so they can form their own network there to get them ready for real estate investing," Moren-Bromma said. After joining a group, women should "put a business plan, or a marketing plan, or a road map together—their checklist of things that they need to do in order to become successful," she said.
Moren-Bromma also said she recommended that women put together a team of experts to work with when investing. "You have your financial team: your accountant , your attorney, a property manager if you're buying to hold property for the long term...people that can assist you and be part of your team so that when you go out to identify and find a deal, nothing is going to stand in the way if the deal makes sense. You've got your people, your money—all your ducks in a row."
"If a woman does that, she's going to be very successful in real estate."
Strategies for women
Considering the credit crunch underway across the country, combined with the potential recession, many women who are interested in becoming real estate investors hesitate because they are nervous about money. More precisely, they are worried about not having enough money to be able to invest in real estate.
"I think [women] think that they need to have a lot of capital up front," Jordan-Wells said. "Or their credit may be bad and they don't think they can get started because of that, either."
Cadenhead said that investors will need some money up front. "It's going to take a little money to get started," she said. "Six to eight months ago, an investor could buy a property with no money down and get it financed for 100 percent. With all the foreclosures going on across the country, that kind of put a thorn in that, and so now [real estate investors need] to come up with money," Cadenhead said. "Whether that's 10 percent or 20 percent, a lot of them just don't have it."
Fortunately, for women just starting out, "There's a lot of different creative strategies, like lease options, that they could do to get into a property," Moren-Bromma said.
Buying pre-foreclosures or foreclosures is another strategy that may suit women in particular well for a variety of reasons. While foreclosure properties tend to be more affordable, they typically must be purchased with cash up front. Pre-foreclosures would be a better option for people without a lot of cash on hand.
Another reason is that, because in many cases women are more nurturing than men, a woman "may be able to talk with homeowners who are in [pre-foreclosure] and get them to let [her] purchase a house below market [price] compared to a man approaching them to do that," Jordan-Wells said.
Cadenhead also said the foreclosure market is a place in which many women investing in real estate could find their niche. "I think women will play a major role in their commitment to revitalize areas hardest hit by foreclosures," she said. "Members of my group, Bham WIire, have made a commitment to buying and rehabbing houses in these areas and then sharing equity with properties that they sell. And by doing this, homes become more affordable....We take a little less profit for it, but something has got to stimulate home sales again, particularly in these areas."
Women often have an advantage in earning trust and developing a good reputation
Women can utilize their strengths in forming relationships in business
Such a strategy allows the investors to profit not just from the revitalization of a particular property, but from the revitalization of a particular area. Such dedication to a community can improve an area's economic outlook. Cadenhead said this type of investment is well suited to women because "a great advantage that women hold over men is compassion, and empathy ."
Outlook
"[Women] are relationship people," Cadenhead said. "We're good at establishing a relationship, we're good at earning trust, and so people want to do business with us. It becomes a lot easier for us to develop a good reputation for delivering a quality product. This is a tremendous advantage [for] women, particularly when it comes to rehabbing property."
Jordan-Wells said she recommended that women who lack experience with do-it-yourself home projects attend classes, such as those offered by hardware and home improvement stores, to learn the basics. Then, if someday they are looking at investing in a property that may require some work, they can make the right decisions about the deal. Do-it-yourself skills could be particularly useful for women who want to rehab properties.
Negotiating can be another important skill for women to concentrate on learning. "[Women should] learn better negotiation skills," Cadenhead said. "Acquire that skill and take control."
Cadenhead said she doesn't think that women are at any inherent disadvantage when it comes to investing in real estate. "I think the major disadvantage is probably internal," she said. "Women only feel that they lack the power and authority. They feel like they can't do it because investing is a male-dominated field."
Moren-Bromma also said that women investing in real estate are not less likely to be successful solely because they are women. "It’s not that it's difficult, it's that women tend not to have the confidence," she said. "Somebody who's persistent and somebody who believes in themselves, whether male or female, will do just fine."
Love you Fellas, but this article goes to all of us ladies new or experienced. Its a great reminder for us to stay motivated and/or offers great advice if your just getting started.
Prosperous Investing,
Jasmin
There are women all over the country who would like to become real estate investors but many don't know how to start. Some lack knowledge; some, aware that they lack the necessary knowledge, in turn lack confidence. Where should women who want to get started investing in real estate begin?
The internet is a good place for them to turn.
Women who want to begin investing in real estate can learn some of the basics of investing in real estate by reading educational materials online, and they can develop a familiarity with the topic by reading about current events and trends in the real estate market.
Lack of knowledge is not the only thing that keeps some women from becoming real estate investors; fear is also a contributing factor, Charita Cadenhead, founder of Bham WIire (Birmingham Women Investing in Real Estate), a group for women interested in real estate investing, said. "They're afraid of losing money, they're afraid of not making the right decisions...and credit issues are also involved." In addition, Cadenhead said, "they don't know how to get started."
Real estate investment clubs
Providing women with industry contacts and education, real estate investment clubs are a good place to start. Dawn Jordan-Wells, a broker/associate for Hodge Homes, said she recommended that women interested in investing in real estate do a simple internet search for "real estate investing" to find local investment groups to start attending.
"Finding other women to network with was beneficial," Jordan-Wells said.
Real estate investment clubs exist in many incarnations; some are larger and more formal than others. The National Real Estate Investment Association (NREIA) has about 40,000 members in its 230 Real Estate Investment Association (REIA) chapters nationwide, according to its website.
Joining a real estate investment association is an easy way to meet others and learn about the market
REIAs can expand an investor's knowledge and network
Women interested in investing in real estate, and those who are already doing so, "should get into a REIA so they can get a pulse on the market," Lisa Moren-Bromma, author of Wise Women Invest in Real Estate and Real Estate Investing for the Utterly Confused and president of The Entrust Group, said. Additional benefits of joining a REIA, according to Moren-Bromma, include access to educational offerings and details about legislation that could impact real estate investors. By joining a REIA, real estate investors "are going to have up-to-date information, not just on the markets, but also on the law."
Cadenhead said women interested in investing in real estate should "join those clubs [and] sit in on some of the meetings. They have great guest speakers."
Those new to real estate investing should exercise caution, however, and carefully evaluate what guest speakers say rather than simply taking their words at face value. In some cases, speakers at local REIAs try to sell something to the audience, Moren-Bromma said; new members should "just be aware. Be there to learn, and to network with other people who have been doing this a while," she said.
"I would urge women to be extremely careful in [whom] they elect to give their money to," she said.
In addition to REIA chapters, there are also smaller and less formal investment groups. Jordan-Wells said the website MeetUp.com has allowed her to meet and interact with other investors and those who are interested in investing. She posted an event on the website last August, and now attendance at her monthly meetings about investing has increased from an average of five people to an average of 15 people, she said.
"I'm hoping to grow that," she said. The attendees are mostly women, Jordan-Wells said, and "we just share information and we're more comfortable because, you know, we have that common bond."
Cadenhead also used MeetUp.com to reach out to women in the real estate investment world, and Bham WIire has grown from that, she said.
In addition to investment clubs specifically pertaining to real estate, "I would strongly recommend also looking for support from a general business perspective at NAWBO, the National Association of Women Business Owners," Moren-Bromma said. "They'll get a lot of support from a business owner's perspective and from women in their own area."
Networking
No matter what type of real estate or general investment clubs women seeking to become real estate investors choose to join, such groups can provide them with crucial opportunities for networking, education and support.
"The greatest key is knowledge," Cadenhead said, and women new to real estate investing can benefit from "being around other people who do invest to learn the process from those people."
Learning from and working with other women who are experienced real estate investors can also be a good way to gain confidence. Moren-Bromma said she recommended that beginning investors "work with somebody with some experience in real estate investing—get your feet wet a little bit before you go out on your own."
REIAs allow women to network with lenders and contractors as well as agents and other investors
Learning from more experienced investors builds confidence for many women
At real estate investment clubs, "there are real estate agents and other investors there for them to network with, there are lenders, there are contractors," Cadenhead said.
"Everybody who's related to the real estate industry can be found right there...so they can form their own network there to get them ready for real estate investing," Moren-Bromma said. After joining a group, women should "put a business plan, or a marketing plan, or a road map together—their checklist of things that they need to do in order to become successful," she said.
Moren-Bromma also said she recommended that women put together a team of experts to work with when investing. "You have your financial team: your accountant , your attorney, a property manager if you're buying to hold property for the long term...people that can assist you and be part of your team so that when you go out to identify and find a deal, nothing is going to stand in the way if the deal makes sense. You've got your people, your money—all your ducks in a row."
"If a woman does that, she's going to be very successful in real estate."
Strategies for women
Considering the credit crunch underway across the country, combined with the potential recession, many women who are interested in becoming real estate investors hesitate because they are nervous about money. More precisely, they are worried about not having enough money to be able to invest in real estate.
"I think [women] think that they need to have a lot of capital up front," Jordan-Wells said. "Or their credit may be bad and they don't think they can get started because of that, either."
Cadenhead said that investors will need some money up front. "It's going to take a little money to get started," she said. "Six to eight months ago, an investor could buy a property with no money down and get it financed for 100 percent. With all the foreclosures going on across the country, that kind of put a thorn in that, and so now [real estate investors need] to come up with money," Cadenhead said. "Whether that's 10 percent or 20 percent, a lot of them just don't have it."
Fortunately, for women just starting out, "There's a lot of different creative strategies, like lease options, that they could do to get into a property," Moren-Bromma said.
Buying pre-foreclosures or foreclosures is another strategy that may suit women in particular well for a variety of reasons. While foreclosure properties tend to be more affordable, they typically must be purchased with cash up front. Pre-foreclosures would be a better option for people without a lot of cash on hand.
Another reason is that, because in many cases women are more nurturing than men, a woman "may be able to talk with homeowners who are in [pre-foreclosure] and get them to let [her] purchase a house below market [price] compared to a man approaching them to do that," Jordan-Wells said.
Cadenhead also said the foreclosure market is a place in which many women investing in real estate could find their niche. "I think women will play a major role in their commitment to revitalize areas hardest hit by foreclosures," she said. "Members of my group, Bham WIire, have made a commitment to buying and rehabbing houses in these areas and then sharing equity with properties that they sell. And by doing this, homes become more affordable....We take a little less profit for it, but something has got to stimulate home sales again, particularly in these areas."
Women often have an advantage in earning trust and developing a good reputation
Women can utilize their strengths in forming relationships in business
Such a strategy allows the investors to profit not just from the revitalization of a particular property, but from the revitalization of a particular area. Such dedication to a community can improve an area's economic outlook. Cadenhead said this type of investment is well suited to women because "a great advantage that women hold over men is compassion, and empathy ."
Outlook
"[Women] are relationship people," Cadenhead said. "We're good at establishing a relationship, we're good at earning trust, and so people want to do business with us. It becomes a lot easier for us to develop a good reputation for delivering a quality product. This is a tremendous advantage [for] women, particularly when it comes to rehabbing property."
Jordan-Wells said she recommended that women who lack experience with do-it-yourself home projects attend classes, such as those offered by hardware and home improvement stores, to learn the basics. Then, if someday they are looking at investing in a property that may require some work, they can make the right decisions about the deal. Do-it-yourself skills could be particularly useful for women who want to rehab properties.
Negotiating can be another important skill for women to concentrate on learning. "[Women should] learn better negotiation skills," Cadenhead said. "Acquire that skill and take control."
Cadenhead said she doesn't think that women are at any inherent disadvantage when it comes to investing in real estate. "I think the major disadvantage is probably internal," she said. "Women only feel that they lack the power and authority. They feel like they can't do it because investing is a male-dominated field."
Moren-Bromma also said that women investing in real estate are not less likely to be successful solely because they are women. "It’s not that it's difficult, it's that women tend not to have the confidence," she said. "Somebody who's persistent and somebody who believes in themselves, whether male or female, will do just fine."
We now have access to Fannie Mae assests
We now have access to Fannie Mae assests
.
Purchase Protocol for Non Performing Notes & REO’s:
Min. purchase - $10 Million
- Proof of Funds
- LOI w/Buyer Criteria
Proof-of-Funds must accompany the LOI.
- Signed Fee Agreement & NCND
Once the POF has been verified, a signed fee agreement and a NCND must be presented within 24 hours.
LOI / Buyer Criteria to include: (Sample) – Be very specific!
Price will pay for assets (IE: Up to $.75 cents on the dollar)
Asset Type – SFR, Multi-Family
State, County, City, Zip Codes
Asset Value Range, ETC
- 72 hours to customize a portfolio based on LOI / Buyer criteria
- 48 hours to view & decided if you want to move forward with notes and/or REO’s presented.
- If you decide to purchase the portfolio, within 24 hours, 1% of the value of assets must be deposited into an escrow account at Chicago Title.
- Upon verification of the deposit into the escrow account, all due diligence documents will be provided. (Due diligence documents will be sent electronically whenever possible. )
- Maximum Due Diligence Time – Ten (10) Days
On the eleventh (11th) day, remaining balance, the other 99% of the value of assets, must be deposited into escrow. No extension will be granted for any reason.
ADD’L NOTES:
If you discover some assets are unacceptable they can and will be replaced with a new asset. This option is only available either during the 48 hour review of the portfolio or within 3 days of the due diligence process, otherwise all assets must be purchased.
If you do not purchase the portfolio, the initial deposit is 100% refundable within 3 days of the due diligence process only. Otherwise, the 1% deposit will be forfeited.
Fernando
Acquisition Director
424.259.3733
Great Networking Site for Real Estate Investor's.
http://budurl.com/socalhartfordinvgrp
.Purchase Protocol for Non Performing Notes & REO’s:
Min. purchase - $10 Million
- Proof of Funds
- LOI w/Buyer Criteria
Proof-of-Funds must accompany the LOI.
- Signed Fee Agreement & NCND
Once the POF has been verified, a signed fee agreement and a NCND must be presented within 24 hours.
LOI / Buyer Criteria to include: (Sample) – Be very specific!
Price will pay for assets (IE: Up to $.75 cents on the dollar)
Asset Type – SFR, Multi-Family
State, County, City, Zip Codes
Asset Value Range, ETC
- 72 hours to customize a portfolio based on LOI / Buyer criteria
- 48 hours to view & decided if you want to move forward with notes and/or REO’s presented.
- If you decide to purchase the portfolio, within 24 hours, 1% of the value of assets must be deposited into an escrow account at Chicago Title.
- Upon verification of the deposit into the escrow account, all due diligence documents will be provided. (Due diligence documents will be sent electronically whenever possible. )
- Maximum Due Diligence Time – Ten (10) Days
On the eleventh (11th) day, remaining balance, the other 99% of the value of assets, must be deposited into escrow. No extension will be granted for any reason.
ADD’L NOTES:
If you discover some assets are unacceptable they can and will be replaced with a new asset. This option is only available either during the 48 hour review of the portfolio or within 3 days of the due diligence process, otherwise all assets must be purchased.
If you do not purchase the portfolio, the initial deposit is 100% refundable within 3 days of the due diligence process only. Otherwise, the 1% deposit will be forfeited.
Fernando
Acquisition Director
424.259.3733
Great Networking Site for Real Estate Investor's.
http://budurl.com/socalhartfordinvgrp
Saturday, April 9, 2011
Building Your Real Estate Team
Building Your Real Estate Team
A good real estate team is the way to assure your investing success. Failure increases when you tend to be a "lone wolf" and try to do too much by yourself.
In real estate, you need a good team of people you can trust and rely on. Here are some possible team members, and why they need to be on your team.
Mortgage broker or banker: A broker can offer you many loan options and shop your mortgage to find the best deal that meets your needs. A mortgage banker may be limited in the loan options they can offer you but they can make more decisions on your loan than a broker can. They each have their advantages and you should have both on your team. In either case, it's important that they understand your needs (i.e. fast closing, low interest, concession approval, etc.)
Property manager: Be sure that the company you hire has experience, is responsive, and will have time for you when you call. Good property managers can tell you what you should get for rent in a given area BEFORE you buy. Your property manager is one of your most important team members. Your real estate investments live and die by them.
Good real estate agent: An agent with experience in the area you invest in and access to the MLS (Multiple Listing Service) can be a great help. Even if they are a seller's agent, they can still ethically bring you the best deals once they know you're a serious investor.
Real estate investment firm: In addition to a real estate agent, you should work with a good real estate investment firm. These companies offer pre-screened investment properties in growth markets around the country.
Accountant or bookkeeper: Keeping proper books for all your real estate investments is getting more complicated with the ongoing tax-law changes. Find someone that understands tax-law in order to maximize your deductions.
Real estate attorney: Find someone familiar with the laws and legal customs of your investment area and has experience with the type of deals you intend to do.
Appraiser: A good appraiser can give you an accurate valuation of a property, but they can also suggest ways in which you can most efficiently raise the value of a property. Find someone that is willing to advice you.
Inspector: Some states make it too easy to become an inspector with little experience. You may want to find one that is or used to be a contractor so they can find any problems AND give you some idea of the cost of repairs.
Insurance agent: Good ones will understand what you need, and find ways to save you money. If you insure all your properties with one agent, you're likely to have discounts available, as well as better service.
Escrow officer: Find someone that's efficient and can explain things clearly to both parties. If they are confused by a slightly creative contract, they should educate easily or be replaced.
Cleaning person or crew: having a trusted person or crew ready means a fast turn-around when you buy a rental property or rehab project. Most good property managers will have cleaning crews at their disposal.
Investing in real estate is a lot less stressful and certainly more profitable when you have a good real estate team behind you.
A good real estate team is the way to assure your investing success. Failure increases when you tend to be a "lone wolf" and try to do too much by yourself.
In real estate, you need a good team of people you can trust and rely on. Here are some possible team members, and why they need to be on your team.
Mortgage broker or banker: A broker can offer you many loan options and shop your mortgage to find the best deal that meets your needs. A mortgage banker may be limited in the loan options they can offer you but they can make more decisions on your loan than a broker can. They each have their advantages and you should have both on your team. In either case, it's important that they understand your needs (i.e. fast closing, low interest, concession approval, etc.)
Property manager: Be sure that the company you hire has experience, is responsive, and will have time for you when you call. Good property managers can tell you what you should get for rent in a given area BEFORE you buy. Your property manager is one of your most important team members. Your real estate investments live and die by them.
Good real estate agent: An agent with experience in the area you invest in and access to the MLS (Multiple Listing Service) can be a great help. Even if they are a seller's agent, they can still ethically bring you the best deals once they know you're a serious investor.
Real estate investment firm: In addition to a real estate agent, you should work with a good real estate investment firm. These companies offer pre-screened investment properties in growth markets around the country.
Accountant or bookkeeper: Keeping proper books for all your real estate investments is getting more complicated with the ongoing tax-law changes. Find someone that understands tax-law in order to maximize your deductions.
Real estate attorney: Find someone familiar with the laws and legal customs of your investment area and has experience with the type of deals you intend to do.
Appraiser: A good appraiser can give you an accurate valuation of a property, but they can also suggest ways in which you can most efficiently raise the value of a property. Find someone that is willing to advice you.
Inspector: Some states make it too easy to become an inspector with little experience. You may want to find one that is or used to be a contractor so they can find any problems AND give you some idea of the cost of repairs.
Insurance agent: Good ones will understand what you need, and find ways to save you money. If you insure all your properties with one agent, you're likely to have discounts available, as well as better service.
Escrow officer: Find someone that's efficient and can explain things clearly to both parties. If they are confused by a slightly creative contract, they should educate easily or be replaced.
Cleaning person or crew: having a trusted person or crew ready means a fast turn-around when you buy a rental property or rehab project. Most good property managers will have cleaning crews at their disposal.
Investing in real estate is a lot less stressful and certainly more profitable when you have a good real estate team behind you.
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