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A YRC Guide to Assemble your Real Estate Investing A-Team
5-STEPS TO REAL ESTATE INVESTING SUCCESS
The Realtor represents the face of your operations, and translates your investment interests into the language Real Estate of to help you help him. Good Realtors come from all different walks of life, but there are several indicators that generally signal a competent, trustworthy, and highly capable realtor among a sea of potential duds.
STEP 1: FIND A TOP TIER REALTOR
STEP 2: CONNECT WITH AN EXCEPTIONAL LENDER
A lender, like all other components of your team, can make or break the operation. A good lender, similar to any craftsman skilled in their trade, may be advertised as such by reference. Leverage your network to steer towards reputable lenders with a history of delivering a quality service. In this article, you’ll find some bench-mark metrics to determine if this lender deserves a spot on your roster.
STEP 3: FIND AN OUTSTANDING ESCROW STAFF
Reputation is a powerful currency in the Real Estate industry. Those professionals attempting to operate without a good reputation will soon find themselves floundering, and you’ll want to steer clear to avoid catching the bad end of any desperate maneuvers for survival. If no one in your circle is able to provide a sound personal reference, then read the Escrow Company’s online reviews.
STEP 4: HIRE A QUALIFIED CONTRACTOR
You may not have the time to complete a renovation project yourself. If this is the case, it’s time to hunt for a quality contractor to join your team. As in any of the above steps, it is your responsibility to filter through a sea of potentials to find the right match for you.
STEP 5: FIND A QUALIFIED PROPERTY MANAGEMENT COMPANY
For many first time Real Estate Investors, the decision to hire a property manager is an uncertain one. In today’s hyperconnected landscape, Google and Yelp will bombard you with a sea of ranging options. It may be difficult to assess who is trustworthy, and who is not. Once again, YRC is here to ease your burden by breaking this common real estate conundrum into concrete, bite-size steps.