When you become a real estate investor, those who entered the team will decide whether to earn money with this game. Everyone has never reached the high summit of real estate success without the help of others. Here is a list of experts you have to have on your side.
Other wholesalers - Other wholesalers and flips. Find us on craigslist and facebook. Wholesalers already have a list of potential buyers and can access other resources that are not. Just give them lunch or meet somewhere and help them close the deal. If you could help to make the wholesaler 10-14K, you not only accumulated experience, you also made thousands of dollars!
Coin lender - The lender of the coin is a person who helps you finance your transaction quickly and normally will charge one of 13% to 18% of the amount borrowed. Hard money lenders can also provide transaction funding. Transaction funds are necessary to prevent banks from completing transactions with end buyers' cash. Therefore, it is very important to arrange this in all transactions.
lawyer - A lawyer focused specifically on creative real estate. If the attorney is double closed, or wholesale trading is not familiar, we will lose the number. Many lawyers want to insist that they do business, but eventually they will break it. If you come across a lawyer at the real estate networking event, the lawyer is the person you should talk about. Visit them at their office and take the time to build intimate relationships. It may be expensive if an attorney bills hourly. Please do not be charged every second while talking.
Buyer agent - Agents are key to MLS, the most valuable tool in REO games. Once you acquire the condition, the agent can create a hot sheet with specific properties the buyer is looking for and automatically generate an email to notify when the transaction becomes available.
REO agent - They usually list properties with contact information before the property. Please call by fax or email list. You need to have 4 to 5 agents at startup, but 1 or 2 people are OK for beginners.
Mortgage broker - Mortgage brokers are hard to find because there is no real way to measure good brokers and bad brokers. Brokers working with investors will advertise on various classification sites and post leaflets to local real estate clubs.
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