The Power of a Team in Real Estate Investing

The Power of a Team in Real Estate Investing Ever heard of “Light-Bulb” jokes?

I found one that I think is pretty funny considering my two older brothers are doctors and by traditional schooling I am a medical laboratory scientist!

Q: How many doctors does it take to screw in a light bulb? A: Three. One to find a bulb specialist, one to find a bulb installation specialist, and one to bill it all!

Funny right? Typically these jokes poke fun at real life!

I wanted to start off this article with the same type of joke. I came up with this one however!

Q: How many real estate professionals does it take to screw in a light bulb?

A: Are you kidding!? One to qualify you for a loan, one to issue you a loan, one to find the bulb, one to appraise the value of the bulb, one to analyze the numbers, one to negotiate the purchase, one to write the contract, one to rehab, one to insure the bulb, one to manage the bulb, etc…

Okay! So my joke is terrible! I promise I’ll stop writing jokes for future articles.

But in all seriousness it takes MANY professionals!

The list mentioned above is just scratching the surface. It gets even bigger when you ask the question: How many hours does it take to transact real estate? Honestly, it takes hundreds and hundreds of hours per transaction when each person’s contribution is totaled!

Each of the professionals that participate need to work together so that the deal is successful!

For the average person who wants to build a real estate portfolio they will need to be a master team builder! They will need to find, interview, hire, collaborate, connect logistically, and impart the vision to all who are involved. That seems like a TON of work!

The Power Team concept is one that most, if not all, successful people use!

Success with a Team of Experts

It basically means to forget about doing all the work yourself. I know that will seem completely foreign and maybe even crazy to some of you.

Forget about trying to be an expert in every aspect of each industry. Instead of being a one man or woman team, hire a team of experts who will work for you like a well engineered machine that producing predictable and consistent results!

These experts know that their success depends on your success so they are vested in your goals!

Delegate to professionals what it is they do best!They get paid for what they do because they do it well. So let them do it and give yourself the approval to relax and enjoy the things you want to enjoy in life!

There’s no reason you have to turn your retirement and investing into a full-time job. For heaven’s sake aren’t we trying to eliminate our dependence on a job? If you’re not, then you are on the wrong website.

Logistically speaking, have you given thought to organizing and recruiting your team of experts? I have given it plenty of thought and it seems daunting.

All the professionals you need under one roof?

All the professional services under one roof.

Wouldn’t it be awesome if you could find a power team of professionals that operated under one roof?

Whose soul purpose is to facilitate your real estate transactions?

Even better, what if you didn’t have to pay for all of their individual professional fees each time they did work for you?

What if you could hire them for 1, 4, or unlimited transactions for a single one-time retainer fee?

What if this team came with a professional mentor who is actually successful in real estate investing and who functions as your personal liaison between you and the rest of the power team?

Further, they advise and guide you every step of the way including: market analysis, property vetting, acquisition, rehab, property management, and even alert you to when the best time is to refinance or sell!

Nah that doesn’t exist does it?

Absolutely YES!

The Power Team does exist and it is this team that I have personally been using the past five years. Just within my family, we have properties in six different states and we didn’t have to spend hundreds of hours and become experts to do it!

We are just average folks who found and hired an exceptional team of over 200 professionals. Our power team did all the work and even advised us every step of the way so we didn’t make costly rookie mistakes.

I’m happy to introduce you to my Power Team that can be Your Power Team.

6 Comments

Markus

( February 16, 2015 )
Reply

Hey Joe,

Thats sounds like a song doesn’t it. 🙂 I’m sure you’ve heard that most of your life.
This is interesting as I learned many years ago about The Power Of A Team.
I once told someone I could build a bridge! they said but you don’t know how to build a bridge.
My reply was I don’t need to know all I have to do is find the professionals who do.
I learned this concept early on as I had a real estate lic to.

I didn’t pursue that career instead I went into the music biz. I did the same thing in this biz.
Just can’t be the professional on every aspect but I can be a very good team player.
Most people are afraid that they loose something by putting a team around them, so they have to wear many hats.
But I’m in agreement with you as the Power Of A Team is truly where its at.

Here’s one for you Joe:
Do you know what the definition of a drummer is? wait for it! wait for it!
It’s a wannabe musician lol

Good real estate info here Joe

Thanks
Markus
- Joe Nielsen
  
  ( February 16, 2015 )
  Reply
  
  Hey Markus,
  You are absolutely right!
  Working as a team is so much better than stressing over doing everything on your own.
  Plus it’s a whole lot more effective and efficient at getting complex things done
  in a much shorter time frame.
  No one has the time to be an expert in every aspect of business so this concept makes
  perfect sense.
  Ha ha thanks for the joke! You could put me in that “wannabe musician” category.
  Hope to see you back!
Nicole

( February 16, 2015 )
Reply

This is awesome! I was actually just talking to my partner last night about what our next step to financial freedom is after our businesses are producing at the desired rate. And he said real estate! I read Rich Dad Poor Dad last year and he also strongly advised surrounding yourself with experts. This is definitely something I want to do in the near future and have bookmarked your site. Thanks for the great information!
- Joe Nielsen
  
  ( February 16, 2015 )
  Reply
  
  Hi Nicole,
  You are on the right track!
  Real estate has always been an incredible vehicle for wealth creation,
  continued growth, and protection. I at an event last week where Robert
  Kyosaki made a surprise entrance to speak with our group for a few minutes.
  I’m very familiar with his work.
  Best of luck to you and hope I can provide useful information for you
  when the time is right.
Daniella

( February 16, 2015 )
Reply

Hi

Very nice article . I think that a team is very powerful and can exchange more ideas , and in my opinion money is an idea!
Thank you for this great article!
- Joe Nielsen
  
  ( February 16, 2015 )
  Reply
  
  Hi Daniella,
  All things before they are physical are first an idea.
  A team makes those ideas come to life and bear fruit.
  Thanks for commenting!