CHAPTER 16 Why You Can’t Afford to Invest Alone
In addition to real estate agents like myself, there are a variety of professionals I strongly urge you to bring aboard your team. Having competent, reliable experts on your side can make your business more efficient, less stressful, and more profitable. Of course, there are some aspects of these jobs you might be able to do yourself, but it’s important to look at the big picture — if you’re doing these tasks, do you have the time and energy to do everything else as well? If you’re not an expert yourself, it will take you longer, and any mistakes you make may be costly and possibly open you up to legal issues. If you’re not personally familiar with these professionals, ask for referrals from other investors, real estate agents, or title companies.
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I’ve talked about some of these specialists before, but all of it bears repeating here: Hard money lenders are especially critical when you find a property for which banks won’t offer financing. Just keep in mind these lenders tend to charge more in interest and points, and the loans need to be paid off more quickly than loans administered through banks. One nice thing about having good relationship with lenders is 144
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