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Real Estate Information |
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Real Estate Investment Requires A Team
I had a hard time at first with real estate investment. One of the reasons was that I tended to be a "lone wolf," trying to do too much myself. I've since learned that to really do well investing in real estate, you need to have a team of people you can trust and rely on. Here are some possible team members, and what they need to be on the team. 1. Real estate agent. A licensed agent with experience in the area you invest in and access to the MLS (Multiple Listing Service), can be a great help. If she is a seller's agent, she can still ethically bring the best deals to you once she knows you're a serious buyer. 2. Real estate attorney. This should be someone familiar with the laws and legal customs of your area, and have experience with the type of deals you intend to do (If you are buying rentals, she should be familiar with doing evictions, for example.) 3. Accountant or bookkeeper. Keeping proper books for real estate investments is getting more complicated with all the tax-law changes. Find someone that understands the law, and what you want. 4. Mortgage broker or banker. The first can offer many options, but the second can make the loan decision. Each has their advantages, and you could use both. In either case it's important that they understand what you want (fast closings, lower interest, corporate loans?) 5. Appraiser. Not only can a good appraiser give you an accurate valuation of a property, but they should be able to suggest ways in which you can raise the value of a property. Use someone that will talk to you. 6. Inspector. In some areas it is easy to become an inspector with little experience. It's best if you use one that is or used to be a contractor, so he can find the problems AND give you some idea of the cost of repairs. 7. Insurance agent. A good one will understand what you want, and find ways to save you money. Insure all your properties with one agent, and you're likely to have discounts available, and better service. 8. Escrow officer. They will usually be with a closing company. Look for someone that's efficient, and can explain things clearly to both sides. If he is confused by a slightly creative contract, he should educate easily or be replaced. 9. Cleaning person. Having a trusted person or crew ready means a fast turn around when you buy a rental or rehab project. 10. Property manager. Be sure that the company you hire has exerience, is responsive, and will have time when you call. A good property manager can tell you BEFORE you buy, what you should get for rent in a given area. Real estate investment is less stressful and more profitable with a good team on your side. Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com
MORE RESOURCES: Visualizing China’s Real Estate Market Downturn Visual Capitalist Looking past NAR drama to the heart of Hanna’s success Real Estate News by RealEstateNews.com $1 Million Homes in Finland The New York Times Real estate sales in Peoria, Tazewell and Woodford counties for July 5, 2025 Peoria Journal Star N.J. just raised the ‘mansion tax’ on high-value property sales. Here’s what to know. Inquirer.com Erie County real estate transactions Buffalo News Restaurant Real Estate: July 2025 Portland Food Map 5 real estate law trends to watch in Arizona AZ Big Media Adventurous real estate developer Craig Smith was a ‘man’s man’ who loved golf, fishing The Baltimore Banner Shelter Island Reporter Real estate Transfers: July 6, 2025 Shelter Island Reporter REAL ESTATE | Remember when | Hidden treasures fell from the rafters at the West Bend Train Depot Washington County Insider Detroit sues blockchain real estate firm that owns rentals with hundreds of violations Detroit Free Press Real Estate Investing: 5 Ways to Get Started NerdWallet A Potential Mamdani Mayorship Strikes Fear in the Real Estate Industry The New York Times 'Married To Real Estate' Canceled After Four Seasons On HGTV, Say Hosts Egypt Sherrod & Mike Jackson Deadline The most expensive homes sold in Jefferson County (June 9-20) The Business Journals Active real estate listings rise in Washington Nonstop Local News Senate Passes Tax Bill With Major Wins for Real Estate National Association of REALTORS® Man accused of posing as real estate agent in South Miami given $1.2 million bond NBC 6 South Florida Real Estate Property Transfers Spring Hill for June 9, 2025 Williamson Source Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by IFM Investors Pty Ltd - MarketBeat NAR Secures Real Estate Wins in Tax Reform Bill | Florida Realtors The Real Estate Market Needs Geo-Political Stability to Thrive—Especially in New York Rockland County Business Journal Today’s Mortgage Rates July 6, 2025: Persistent Stability in 30-Year FRM and 15-Year FRM Norada Real Estate Investments Active real estate listings rise in Washington Nonstop Local News Fully leased South Jersey shopping center sells for $8.5 million The Business Journals 15-Year Mortgage Rate Forecast for the Next 5 Years: 2025-2029 Norada Real Estate Investments Historic 106-year-old Clermont County retreat hits market for $1.25M The Business Journals 'Keep it moving': HGTV cancels TV show hosted by Georgia couple after 4 seasons Savannah Morning News Shlichus Isn’t Real Estate Anash.org Aspen Real Estate Snapshot, June 23, 2025 Aspen Daily News $7.4M mansion with waterfront views on 3 sides is Houston area's priciest sale of the week (PHOTOS) The Business Journals ‘Our agents are our brand’: Why Estate Properties chose independence Real Estate News by RealEstateNews.com Nashville man, 22, makes up to $90K/month day trading — now he tells Ramsey Show he’s ready to try real estate Yahoo Finance New teams at Real, C21; veteran agent joins Engel & Völkers Real Estate News by RealEstateNews.com Indies flex their muscle as the big brokerages get bigger Real Estate News by RealEstateNews.com Rock Island and Henry County real estate transactions for June 29, 2025 The Quad-City Times Detroit sues cryptocurrency-based real estate firm to correct hundreds of property violations The Detroit News 7 Morning Digest: Detroit sues crypto real estate company, community ice cream truck & more WXYZ Channel 7 Celebrity Agent Sues National Association of Realtors Over House Listings The New York Times Hyatt Announces Agreement to Sell Playa’s Owned Real Estate Portfolio to Tortuga for $2.0 Billion Hyatt Newsroom Rocket completes purchase of real estate site Redfin Detroit Free Press Where Does Bruno Mars Live? Examining the Singer’s Real Estate Portfolio Architectural Digest Triangle homes sitting on the market longer, why a real estate agent says it’s about perspective WRAL.com |
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