Three People That You Need On Your Dream Team In Real Estate Investing: Accountant ....
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Getting into the Real Estate Business is no easy feat. That is why getting yourself a good team to back you up and guide you through the process is important. Without these three individuals, getting a good head start and maintaining every aspect of your business would be a challenge. Getting the right people on your team would mean moving to the right direction steadily.
Getting into business means earning and the Accountant’s job goes beyond handling your finances by doing balance checks and tax preparations. There are those that might think getting a Certified Public Accountant (CPA) is costly and is not necessary. Think of it as an investment. Spending a little bit on the services of your CPA would mean a lot of other taxes that you can save, and protection that you can gain. It would also help to gain insights and consultations from somebody who has been there and done that. There are CPA’s who are real estate investors themselves and have gone through the same predicaments that you’re going through. It would be a good move to have somebody on the team that knows exactly where the company or the partnership is heading.
Cashing in on Real Estate is easy when you got a contractor that would make sure every part of the construction process is transparently provided to you. The details of a house reconstruction and the negotiations in general are importantly laid out for you to see. The standards that your contractors have are the same standards that your company live by. Their work means your work in the eyes of your clients. The buyers trust in your judgement enough that they know the contractors will also provide the same standards as yours. Representing your workmanship is what the contractor does. An honest and transparent contractor means all the necessary areas of the process will be covered. Getting only the best would mean getting the best price for their work.
Real Estate Agent
Determining how much you can make from your investment is done by the Real Estate Agent. Getting a really good one means making sure you are able to maximize your capital and get as much profit as you can. Since they also negotiate for you, they will need to know the best assets of the property that you purchased and how to make the most of it as well. What are the characteristics that buyers would look for? Will maintaining a certain part of the property raise its value by a few thousand dollars? If you already have a Real Estate Agent that you can trust, then you know that your property will be sold in no time. Consult on how to make the property “easier” to sell and more viable in the market. They can also give you tips on which properties are for foreclosure and would then give you an upper hand on the game. Coordinating with your agent makes it easier to find a property and sell it.
These are the three individuals needed in building your team. Make sure to check on their credentials, experience and licenses to ensure that you can make the most of your investment. For more information on real estate investing go to http://www.annettapowellblog.com
Queen of Real Estate
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ABOUT THE AUTHOR
My name is Annetta Powell and I am your Professional Success Coach of Real Estate Investing and Network Marketing. My goal is to help others experience financial and professional freedom through mentoring, training and personal development.