all right Ken macaroni with Ken macro
calm and welcome back in this series
we're talking about who is on your team
and now we're going to talk about that
specifically and you know how do you go
about finding these people and because
this is a question I get asked a lot I
talk about it in my first book the ABCs
are real estate investing there's a
whole chapter dedicated on how you find
your team and who are they I think that
it has a lot to do with your overall
goal
so let's first let's first look at that
so so let's say whatever your goal is
that's actually the most important piece
and I'll explain to you why the goal for
us as a company for our construction
business is a lot different than our
investment business and it's a lot
different in our property management
business so the who is entirely
different in all three of those
businesses and so whatever your overall
goal is let's say it's a goal of of
buying five or ten houses a year it's
going to be a lot different than if
you're trying to do self-storage is a
lot different and it's can be a lot
different if you're doing ground of
construction so so first you have to
start with the goal the other piece that
is that there's really two things for on
the who one is so your internal and then
of course your external and what does
this mean so you don't have to go out
and buy a bunch of things and hire a
bunch of people all you need to have is
a network of people and so internal for
me means the people that I have working
for us here at MC companies but I rely
on a great deal of external people so
for example my my attorney is not in
house my broker is not in house
person I go find debt and equity is not
in house those are external people
however I have acquisition people in
house and I have people that do a lot of
work on due diligence and management in
house and those are oh so so it it's you
don't actually have to go out and build
this huge team and pay for them you just
have to assemble it and there's three
things that I need for when I'm going to
grow my company here and I break them up
into three different pieces the first
one is what I call the buy team and
those are the people that will actually
go out and physically find and buy the
properties the next one is what I call
the management team and the third one is
what I call the sell team so these are
the three things that I do personally
for what I'm going to focus on here on
building your investment team and these
are all these are all part of a big team
and they all cross pollinate in other
words there are people on each one of
these teams that I need to run the whole
company and there's people on buy that
help unmanage and people on sell that
help on on the manage and on the buy and
so a vice-versa but they're not all the
same and some of them are very specific
so I'll see you in the next video where
we'll discuss why it's crucial to choose
the right team and why having a great
team is key so thank you
you