Published October 8th, 2008 by Mickey
No man is an island
Image Source: michaelasofia.com
This maxim has never been more true in the business of investment real estate. A wise investor believes that it is impossible to attain your goal on your own. It is actually the opposite that is expected of him - meaning he is ideally expected to build relationships (an extensive network) with the help of his “dream team” - whose members are his most important resources. One of the most common mistakes “rookie” investors make is that they try to do almost everything themselves. Of course this would save them money in the short term but they will eventually lose in the long term. The absence of a team of experts would mean spreading yourself too thinly and great deals taking longer to find, evaluate and close (if at all). Golden opportunities could very well be lost this way. One-man teams usually miss glaring issues which experts can point out at a glance. A team of experts in your camp will reduce the “nasty surprises” that are bound to be waiting for you, as part and parcel of buying and managing a property.