This is a YouTube video titled "Who should be on your TEAM?" containing a monologue or presentation from May 6, 2022, discussing the importance of building a strong real estate investment team, including the core four roles: real estate agent, lender, property manager, and contractor, and emphasizing networking and leveraging expertise for success.
Foreign. It's a very important piece in our real estate journey and the key to our success. So who should be on your team? Most of you here may have referenced or heard of Bigger Pockets and if you didn't, it's a good source and a platform with a lot of free information, podcasts, blogs, other investors who share like minded thinking and a common phrase you hear on Bigger Pockets and frankly, other areas in real estate investing in general is build your Core four. Does everybody know who their Core four is on here? Most of you, yeah. So Core four is usually referenced to a real estate agent, a lender, a property manager and a contractor. As you can see, we also added a few other names on here and it can expand beyond that. Your team is not limited to the core four yet. The Core Fours act like your foundation and your pillars. So those are the key members you want to focus in on when you're building your team. Why is it important to build your team? It's simple. We're not experts, right? We are limited to our knowledge and our experience. And it's all about your network. Irish. Like you say this, your network is or equals your net worth. And what I like to say is leverage. Others see, I'm not the smartest guy in the room. I don't know everything. I'm definitely not an expert in contracting or acquisitions or managing and renting out a property. But I do know the right people who do fit that mold. I like to go and create that. Which means you have to go and network. Your team is very important to your success. So if you feel like you're not achieving a certain level of success, you might want to take a look at your team and see if you have the right pieces in place.
