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

Jun 26, 2024

Learn how to build a successful real estate team with investor-friendly agents, lenders, and contractors. Discover red flags to avoid, where to find the best team members, and how to align incentives for long-term success. Get tips on navigating real estate deals, maximizing insurance coverage, finding reliable property managers, and overcoming challenges with contractors.

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Intro

00:00 • 4min

The Role of a Real Estate Agent in Real Estate Investing

04:18 • 6min

Navigating Real Estate Agents and Lenders

10:21 • 10min

Strategies for Finding Real Estate Lenders

20:29 • 4min

Maximizing Insurance Coverage and Streamlining Real Estate Investments

24:11 • 8min

Importance of Finding a Good Property Manager

32:22 • 7min

Aligning Incentives with Property Managers for Long-Term Tenant Success

39:07 • 2min

Challenges of Working with Contractors in Real Estate Investing

41:24 • 6min

Building Relationships with Contractors and Assessing Work Quality

47:36 • 6min

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

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