Increasing the interest earn on your money is no easy feat. But when it's done right, you'll feel like a star and leave others by the wayside.
Getting inspiration is often the hardest task. We've taken the time to look at some of the best and brightest people who you can add to your team to ensure you all achieve success.
So, without further ado, our top 6 picks are (in no particular order).
Builders
Accountant
Mortgage Broker
Website Hosting team
Letting Agents
Richard Brandson
Two heads are definitely better than one and by brainstorming as a team and sourcing ideas from each other, you have a better chance of coming up with a strategy that will allows your business to overcome a setback or challenge.
Richard Brandson
Key Players
Builders
A good builder is the foundation to your business if you are ever carrying out property refurbishments. A good builder really is like gold dust. They will give you costs on the scope of work when viewing the property so you can ensure the project is viable and also help the mortgage broker to find you the most suitable product. They are then reasonable for creating your idea into reality and if you have little experience you will reply on the builder more. They could end up being your project manager, the ones to finish the snagging and then maybe the ones to see areas of concern.
Having a builder on your side you can trust and get on well with really is a key to your success, as they can plug the building knowledge gap you may have.
Accountant
The pros of having a good property specific accountant is the difference between paying to much tax and paying not enough! There are negatives for both these situationsÂ
This team can help you set up a limited company which makes the business a much more tax efficient entity. They can save you alot of money in terms of your business set up so could be a vital member of your team, and worth their weight in gold.
Mortgage Broker
Building a successful enterprise is based on a strong team who have more knowledge than you in specific areas, and a mortgage broker is one of those team members. There are many mortgage brokers who will approach you but you need to ensure you have someone who has access to the whole market and also have your long term strategy in mind.
TMG is very fortunate to have found a broker who is also a property investor. He is able to access some very top end products which allows TMG to leave very little in the deal as he understands our long term goal. Our goal is to not sell the houses and to leave as little in the property so we can recycle the cash into the next project.
Remember to check that they are FCA regulated.
Website Hosting Team
The backbone of any company in our current world is having an online presence and being seen online in the right way and at the right time is imperative. TMG are lucky to have found a team who have a creative platform that solves some of TMG’s issues such as blog creation and social media posting. Their platform allows the team to create a number of posts and schedule them to be released as far into the future as we wish.
There is an art to social media postings on the many platforms and without the correct knowledge who would even consider your SEO or even know what it is! Check out this link for a brief look into social media posting tips
Estate Agents
The estate agent team needs to be your best friend if you are to be a sourcer. These guys are the gate keepers to the vendors who wish to sell the properties and you need to make sure you are the one they call first before the property is even listed. This is easier said than done but if you can secure the relationship and spend time nurturing this, it will pay dividends.Â
What do you think of our list?
Do any of the names above sound like a real winner for you? Any names that you think we've missed?
Give some feedback below - it'd be great to hear your own favourite team players and how they've helped you smashed it!
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