Team building

[Kennyk171]

Do you need to build a new team for every city you invest in? Or can you use the ones you have in your home town?

Thanks in advance.

 

[Nir]

You can work with the same mortgage broker, lawyer and accountant but yes, unless city is less than say 30 minutes away, you need to build a new team for every city. That's why many investors prefer investing in only one city, and for sure no more than 2, at least in the first years.

 

[Thomas Beyer]

Local has to be: realtor, painter, plumber, gardener, usually property manager (unless large property which could manage a large 50+ suiter from somewhat afar with a good local onsite manager)



Same province has to be: lawyer



In Canada, anywhere, can be: accountant, investor, tax advisor, YOU

 

[Kennyk171]

Thank very much. Great to know.