How to Build Your Own Real Estate Investing Team (From Scratch)

**Dave Meyer** (0:00)
A lot of property managers think their job is answering tenant emails and coordinating repairs. That's not the job. The job of a property manager is protecting and growing your operating income and earning your trust while they do it. And that comes down to three numbers, occupancy, delinquency, and net promoter score. If those numbers slip, your income slips, and your trust slips too. And most PMs don't hold themselves to performance standards. They focus on activity, not outcomes. MIND is different. They obsess over the metrics that actually grow your cash flow. Go to mind.co. slash show me to see how MIND performs and get a month of management for free. Because if you're going to hire a property manager, hire one that manages your investment like an investment. Here's why savvy real estate investors are obsessed with bonus depreciation. It lets you take that rental property or commercial building you own and depreciate most of the cost against your income. Legally, 100% IRS compliant. That's instant cash flow improvement. Cost Segregation Guys is the number one firm nationwide, specializing in identifying these faster depreciating assets in your property. They've completed tens of thousands of studies across all 50 states, from remote cabins to apartment complexes. So if you own investment property, this is a no brainer. So visit costsegregationguys.com/bp for your free proposal and find out how much you could save this tax season. Most banks will give you a line on your primary residence and stop there. Avon looks to underwrite the equity in your investment property, the second home you have, the property you hold in your own name, and put a line of credit against it on a Visa card. Same asset, same logic. Think about what this unlocks. Earnest money the day a deal hits the MLS. A contractor paid on Friday instead of next month. High rate balances you are already carrying, refinanced onto a line secured by equity you own, all at a fraction of the cost. With Avon, you can check your offer at no cost with no impact to your credit score. There are no hidden fees, and because you own a home, you qualify for a rate that credit cards simply cannot offer. Avon has a 4.9-star trust pilot rating from over 8,000 verified customers. If you own property and you're financing your next move on an unsecured card or expensive short-term debt, you are overpaying for capital. Avon fixes that. Go to avon.com to discover your offer. Stop overpaying for capital. Avon accounts are arranged by Avon Financial Inc. and MLS number 204-2345. Avon accounts are issued and held by Coastal Community Bank, member FDIC, Equal Housing Lender, and MLS number 462-289. Avon cards are issued pursuant to a license from VisaUSA Inc. Terms and conditions apply. Subject to credit and property approval, eligibility and availability vary by state and property type.

**Henry Washington** (3:00)
This is how to build your real estate investment team from scratch. You can buy the perfect rental property in the perfect area of town and still fail. Not because the numbers were off or the market changed, but simply because you didn't have the right people in your corner. Real estate investing is a team sport. You cannot do everything yourself, and you probably don't want to either. Whether you're investing in your own backyard or thousands of miles away, to stay in this game, you need people that you can actually trust. So today, we're giving you a step-by-step blueprint for building your own real estate investment team from scratch. There are four core players every investor needs, plus an often overlooked fifth member that could give you the biggest benefit of all. We've heard countless stories of investors getting burned by bad contractors or ripped off by property managers, but stick around and we'll show you exactly how to find the right people for the job, keep them, and leverage their expertise to fast track to financial freedom.
What's going on, everybody? I am Henry Washington and I'm here with my co-host, Dave Meyer. Today, we are talking about how to build the team that will help you be a successful real estate investor. We're going to go through the core four members of your team, the agent, the lender, the property manager, and the contractor plus a bonus plus one. And we're going to talk about where you can find these people, how to evaluate these people, and how important we believe they truly are to your team. So starting off with the agent. Now, we labeled it as agent, but what we really mean is investor-friendly real estate agent, because all of the things I'm relying on them to do require them to have an understanding of how real estate investing works, not just buying and selling real estate in general.