Manage episode 296637370 series 83575
Last week, Brandon and David sat down to talk about the “Core 4” of any successful real estate team. Now they’re here to talk about the “Divided 5-ed”, a term they coined to describe the five team members you’ll need to scale your portfolio to new heights. Both Brandon and David agree that a sizable, growing real estate portfolio needs to be thought of more as a business than just a group of rental properties.
Maybe you’re looking to scale into large multifamily properties, commercial properties, self-storage units, or mobile home parks. Or maybe you’re just going to buy 1,000 single-family homes. Whatever your strategy, you will need a lead generator, underwriter, money raiser, asset manager, and financer/bookkeeper on your team. You may start out doing many of these roles when you buy your first few properties, but as you scale, you’ll need to fill these roles with more fitting individuals.
Maybe you want to get more experience before you start buying properties. Great! Join someone else’s team and think about how you can be the BEST in the role that you’ve been appointed to.
In This Episode We Cover:
The five roles that will make scaling possible (and easy) for your future acquisitions
How to choose the asset class that fires you up
Using DISC scoring to decide who would be best for each role
How Brandon built his team at Open Door Capital using this layout
Finding a team where you learn, grow, and thrive
And So Much More!
Links from the Show
Click here to check the full show notes: https://www.biggerpockets.com/show483