For most people flipping houses is not a solitary venture. My house flipping power team consists of contractors, lenders, a secretary and even a couple wacky website guys.
Actually just about everyone on my team is a little wacky, which might be why we work so well together. Whatever the reason I would be pretty lost without them.
I’m really fortunate to be surrounded by such great people. Yet I will admit that my network did not come together overnight. It took some time for us all to find one another, mesh and learn to work together.
There were some bumps along the way.
In this post I would like to share how you can build your own house flipping power team. My strategies, which are actually more like observations, are just based on my personal experience.
However I think many veteran investors here on BP would probably agree with the below pointers.
How to Find Power Team Members | Network and Do Most of the Listening
Real estate networking events can be a power team building gold mine. So can other events and places like BNI, Chambers of Commerce, grocery stores and virtually anywhere people gather.
To get the most impact from your networking efforts, be sure to focus more on listening instead of speaking. Spending more time listening than talking is important because:
- You will learn more about the people around you, and how they could help your business
- People will like you for listening to what they have to say
- You can eat more shrimp and cheese & crackers without worrying about having to talk
I met my electrician and one of my general contractors at a weekly BNI networking event I attend every Friday. I listened to them talk about their kids, dogs, hobbies and business every Friday, week in and week out.
We essentially became friends and …read more