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A successful business must align itself with other great business partners. In the Real Estate arena, establish a long-term relationship with alliances will make you go a long way into wealth-building.
MENTOR: Mentor guides new investors especially in the beginning. No doubt that Real Estate Investments is not rocket-science, having a mentor to oversee your transactions, may save you alot of money from the expensive mistakes that you would do otherwise on your own. Good mentors are not hard to find. In fact, they are cheap. Buy them lunch and ask a couple of questions.
LENDER: Unless you have money to fund all your investments, having a mortgage broker/ banker or Hard Money Lender is probably the MUST-HAVE on the list of team partners.
TITLE: Good title companies help you close on your deals fast. With the business you may give them, some escrow officers will not mind checking on liens for you prior to making your offers.
REAL ESTATE AGENT: Good deals do show up on MLS. Some even do not make it that far. Having an agent on your team, especially specializing in Investment Real Estate do have connections in getting profitable deals.
INSPECTOR: An inspection report will tell you everything you need to know about the property. Having one that can give you a quick turn-over will save you trouble and money in the long run.
CONTRACTOR: Establishing a relationship with a contractor is priceless. Have the contractor walk the property with you and get estimated repair costs will make you a smarter investor.
CPA: Because the tax laws change so often, a CPA specializing in Real Estate can maximize your retained profits. It does not really matter how much you make, but how much you can keep that makes a difference.
ATTORNEY: Real Estate is a business. Having a Real Estate attorney, one who is an Investor is a good friend to have to ask your Real-Estate related questions.
R.E. NETWORK/FRIENDS: The most important! People with the same synergy can achieve amazing results totally unheard of........

"TEAMWORK is the common fuel that makes people achieve uncommon results"
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