A Power Team is the Foundation of Your Investing Venture
Remember that your Power Team is made up of people who profit when you succeed. This isn’t a club with official membership; it’s people, companies, and organizations with whom you have cultivated a relationship that benefits you both.
Knowledge is power
You can’t be expected to know everything, which is why you need professional advisors on your Power Team. Put together a strong brain trust with these people:
To find the people you want on your Power Team, you have to get out there and meet them. Join professional associations such as your local real estate investors club and property managers association. Talk to everyone you know and meet about what you do; you’ll be surprised who will step up and offer to help you. https://realestateinvesting.community is one of them
Remember, you’re not asking for favors, you’re building mutually beneficial relationships. That’s why it’s critical that everyone on your Power Team be positive and supportive; don’t pollute your team with negative people and naysayers who might stop you from achieving your goals.
Finally, keep in mind that assembling and maintaining a Power Team is an ongoing process. Your team should never be static. Over the years, people will drop off and you’ll meet new people who will make strong additions. Always be aware of the importance of your Power Team; cultivate it, nurture it, and kept it working hard for you.
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