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Why A Team For Real Estate Investment? Finance Articles | July 10 cheap jordan 11 clearance , 2005

I had a hard time at first with real estate investment. One of the reasons was that I tended to be a "lone wolf," trying to do too much myself. I've since learned that to really do well investing in real estate, you need to have a team of people you can trust and rely on. Here are some possible team members, and what they need to be on the team.



1. Real estate agent. A licensed agent with experience in the area you invest in and access to the MLS (Multiple Listing Service), can be a great help. If she is a seller's agent cheap real jordan 11 , she can still ethically bring the best deals to you once she knows you're a serious buyer.


2. Real estate attorney. This should be someone familiar with the laws and legal customs of your area, and have experience with the type of deals you intend to do (If you are buying rentals, she should be familiar with doing evictions, for example.)


3. Accountant or bookkeeper. Keeping proper books for real estate investments is getting more complicated with all the tax-law changes. Find someone that understands the law, and what you want.


4. Mortgage broker or banker. The first can offer many options cheap jordan 11 retro , but the second can make the loan decision. Each has their advantages, and you could use both. In either case it's important that they understand what you want (fast closings, lower interest, corporate loans?)


5. Appraiser. Not only can a good appraiser give you an accurate valuation of a property, but they should be able to suggest ways in which you can raise the value of a property. Use someone that will talk to you.


6. Inspector. In some areas it is easy to become an inspector with little experience. It's best if you use one that is or used to be a contractor cheap jordan 11 from china , so he can find the problems AND give you some idea of the cost of repairs.


7. Insurance agent. A good one will understand what you want, and find ways to save you money. Insure all your properties with one agent, and you're likely to have discounts available, and better service.


8. Escrow officer. They will usually be with a closing