Chapter 6
Building Your Team
IN THIS CHAPTER
Assembling your team from the get-go
Hiring tax and financial advisors
Seeking lending professionals
Finding top real estate agents and brokers
Adding appraisers and attorneys
With some investments — called passive investments — you simply turn your money over to professional money managers or financial advisors who then act on your behalf and make the day-to-day investment decisions, buying and selling investment assets within the portfolio. Mutual funds and exchange-traded funds are examples of this type of passive investment. You send your money to your favorite fund firm and periodically evaluate how your fund’s managers are doing.
Investments in real estate that you’re directly involved in managing are the norm, because passive investments in real estate aren’t readily available (except for REITs and TICs, which we discuss in Chapter 4). And for most real estate investors, real estate investing is hands-on and complicated enough to ...
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