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There are many considerations you need to achieve success in real estate investing, certainly one of which is really a good team. I'm going to speak briefly about who must be on the winning team:

1. Your Mentor - a good mentor is needed by every successful entrepreneur. Helpful information. By instruction under the watchful eye of 1 smarter then us, we are able to only get smarter. Start at your neighborhood investment membership

2. Large Financial Company - you want somebody who has the knowledge of working together with other people. They should be creative and wise!

3. Real Estate Attorney - it is important to have some body on the group who can undergo contracts, and who knows the laws of most your movements.

4. Escrow Officer or Title Rep - having a great one on the group helps you to close deals that much faster. You always want people looking out for YOUR interests.

5. Accountant - Preferably a (Certified Public Accountant). Your numbers person should also be well conscious of the ins and outs of real-estate. Come tax time, this is the man to help you through the write-offs!

6. Insurance Agent - It's often better having an insurance representative that is taking care of you when things hit the fan.

7. Contractor - The good specialist seems like the hardest anyone to find, but can frequently make or break your profit margin. You would like someone who gets things done on time and under budget!

8. Encouraging Family & Friends - Obtaining the support and backing of loved ones is essential in virtually any enterprise.

Other Optional Staff Members:

9. Broker - some one keeping an eye out for you

10. House Manager - you to definitely watch over your assets

11. Good Handyman - Someone to take care of the small items that come up on an everyday basis.

Building the team will not happen overnight, but once together, they'll give you the support and help you'll have to make your real estate investing dreams come true. open site in new window