How to Build a Real Estate Investing Team
Sterling White is a multifamily investor, specializing in value add apartments in Indianapolis and other Midwestern markets. With just under a decade of experience in the real estate industry, Sterling was involved with the management of over $10MM in capital, which is deployed across a $18.9MM real estate portfolio made up of multifamily apartments. Through the company he founded, Sonder Investment Group, he owns just under 400 units.
Sterling is a seasoned real estate investor, philanthropist, speaker, host, mentor, and former world record attemptee, who was born and raised in Indianapolis. 1 spot on The Real Estate Experience Podcast list of best shows in the investing category.
Living and breathing real estate since 2009, Sterling currently owns multiple businesses related to real estate, including Sterling White Enterprises, Sonder Investment Group, and other investment partnerships. Throughout the span of a decade, he has contributed to helping others become successful in the real estate industry. In addition, he has been directly involved with both buying and selling over 100 single family homes.
Sterling’s primary specialities include sales, marketing, crowdfunding, buy and hold investing, investment properties, and many more.
He was featured on the BiggerPockets Podcast episode 308 and has been contributing content to BiggerPockets since 2014, with over 200 posts on topics ranging from single family investing and apartment investing to mindset and scaling a business online. He has been featured on multiple other podcasts, too.
When he isn’t immersed in the real world, Sterling likes reading motivational books, including Maverick Mindset by Doug Hall, As a Man Thinketh by James Allen, and Sell or Be Sold by Grant Cardone.
As a thrill seeker with an evident fear of heights, he somehow managed to jump off of a 65 foot cliff into deep water without flinching. (Okay, maybe a little bit) Sterling is also an avid kale eating traveller, but nothing is more important to him than family. His unusual habit is bird watching, which he discovered he truly enjoyed during an Ornithology class from his college days.
Sterling attended the University of Indianapolis.
A successful investment business is a team effort. The best real estate teams win the most and the best leaders surround themselves with smart, diverse, and driven people. Building a great team can seem daunting, but it incredibly hermes replica em miami
important at any stage of the game especially early on. Yes, your team will evolve as your business evolves but still, you want to start off on the right foot with the right people.
Putting together the dream team
When it comes to building a real estate team, you must perform thorough due diligence. Conduct interviews with potential team members, gather references, and interview their previous employers and clients. Ask for recommendations from friends and fellow investors, but don’t always take their word for it. You don’t want to get stuck with someone who’s incompetent costing you time and money.
Before you start hiring team members, determine your niche, market, and strategy. It won’t matter if you working with the smartest people in your city if you not focused and clear on your plan and strategy, then no genius can help.
With that being said, this list is a catch all, so depending on what type of investing you’re doing (flipping, wholesaling, buy and hold), make sure you’re hiring relevant team members.
You should have a peer someone also looking to invest in real estate to serve as an accountability partner. Find a person or real estate mastermind group to support you (and vice versa) and help you stay accountable to your real estate goals and strategy. Chat at least monthly or weekly if you ambitious. Hire a professional when it comes to electrical work (unless you are an electrician yourself). Incorrect wiring is a safety hazard, which makes it a potential legal hazard. Pay the pros to have the job done right.