Nobody can be successful on their own in the real estate business. That is why you must choose your Multifamily Property Investment Team wisely! Watch and read on as Rob Rowsell outlines the key players you need on your side when you invest in a multifamily property.

Multifamily Property Investment Team discussing real estate deal

Multifamily Property Investment Team – Who Should You Choose To Be In Your Corner?

They say that “no man is an island”. That phrase definitely applies in the real estate investment industry. If you’re going to wade through the mountains of paperwork and make wise decisions about your potential rental property deals, you will need a multifamily property investment team made up of two super powered units, the Core Power Team and your Vendor Power Team.

Rob explains your Core Power Team as your “inner circle”. This team consists of your General Partners, Sponsors, and a Mentor. These teammates will guide you and do most of the heavy lifting. Just make sure that you have a “push pull” buyout clause in your agreements, so everyone has an out if necessary. Sometimes business partners grow apart, or develop different needs. Get everything in writing, so it stays just business, and doesn’t get personal.

Your Vendor Power Team for your real estate deal consists of commercial real estate brokers, a property manager, attorneys, a mortgage broker, and general council. Finally, you need to recruit the right investors to be your Limited Partners. When you choose wisely and trust your partners, you will go far in the rental property investment game!