Why do many investors (including myself) not fully tap into the power of leveraging a team?
Having this power is one the main differences between an amateur investor and those that grow a substantial portfolio creating the wealth to change their lives.
Here, I will go through some of the mindsets and ways to think about how to leverage a team to the fullest and how best to utilise each of the key professions and service providers.
You may think you have a great team already, but listen in to make sure you are leveraging them to the fullest.
Resource Links:
Episode Highlights:
- Intro [00:00]
- One of the first traps is the thinking that you know it all [02:23]
- Lower fee for property management, costing a hell of a lot more [04:51]
- The best way to learn is by getting the help of experts [05:58]
- So, what do you look for in choosing a team? [06:30]
- An expert in the field will give a fantastic return [08:01]
- Maximising the borrowing capacity is the key [09:09]
- Property strategist for creating an overall portfolio plan [09:56]
- A buyer's agent gets you on the market sooner [12:00]
- The building and pest inspector can often be overlooked [13:28]
- A builder, and or architect for cost estimates [14:49]
- Property Manager for input on rentability [15:19]
- Accountants are essential for structuring advice [15:58]
- A solicitor is important in the more complicated purchases [16:25]
- Sales agents to maximize your sales through effective marketing [16:50]
- Let’s talk about mentors [17:37]
- Birds of a feather flock together [18:48]
- Great operators surround themselves with great operators too [19:14]
- Get the best team that you can for where you are at [20:02]
- Outro [21:02]
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