483: The 5 Things You Need to Build a $1,000,000+ Rental Portfolio 01:13:00

    <p>Last week, <strong>Brandon and David</strong> sat down to talk about the “<a href="https://www.biggerpockets.com/blog/core-four-real-estate-team"><strong>Core 4</strong></a>” of any successful real estate team. Now they’re here to talk about the “<strong>Divided 5-ed</strong>”, a term they coined to describe <strong>the five team members you’ll need to </strong><a href="https://www.biggerpockets.com/blog/scale-investment-portfolio-turnkey-properties"><strong>scale your portfolio</strong></a><strong> to new heights</strong>. 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.</p><p>Maybe you’re looking to <strong>scale into large multifamily properties, </strong><a href="https://www.biggerpockets.com/blog/overlooked-commercial-investments-real-estate"><strong>commercial properties</strong></a><strong>, self-storage units, or </strong><a href="https://www.biggerpockets.com/blog/lessons-investing-mobile-homes"><strong>mobile home parks</strong></a>. Or maybe you’re just going to buy 1,000 single-family homes. Whatever your strategy, you will need a <strong>lead generator, </strong><a href="https://www.biggerpockets.com/blog/glossary/underwriter"><strong>underwriter</strong></a><strong>, money raiser, asset manager, and financer/bookkeeper</strong> 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.</p><p>Maybe you want to get more experience before you start buying properties. Great!<strong> Join someone else’s team </strong>and think about how you can be the BEST in the role that you’ve been appointed to.</p><p>In This Episode We Cover:</p><p>The<strong> five roles that will make scaling possible</strong> (and easy) for your future acquisitions</p><p>How to choose the<strong> asset class that fires you up</strong></p><p><a href="https://www.biggerpockets.com/blog/disc-profilecommunicate-effectively-meetin-prog">Using <strong>DISC scoring</strong></a> to decide who would be best for each role</p><p><strong>How Brandon built his team</strong> at <a href="https://odcfund.com/">Open Door Capital</a> using this layout</p><p><strong>Finding a team </strong>where you learn, grow, and thrive</p><p>And So Much More!</p><p>Links from the Show</p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.youtube.com/biggerpockets">BiggerPockets Youtube Channel</a></p><p><a href="https://www.biggerpockets.com/membership-types">BiggerPockets Pro Membership</a></p><p><a href="https://odcfund.com/">Open Door Capital</a></p><p><a href="https://www.biggerpockets.com/blog/wp-admin/post.php?post=138812&amp;action=edit&amp;classic-editor">BiggerPockets Podcast 481: Build an Unstoppable Real Estate Portfolio with the “Core 4”</a></p><p><a href="https://www.biggerpockets.com/blog/wp-admin/post.php?post=130588&amp;action=edit&amp;classic-editor">BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan Pineda</a></p><p><a href="https://www.biggerpockets.com/blog/wp-admin/post.php?post=135481&amp;action=edit&amp;classic-editor">BiggerPockets Podcast 444: 150 Deals at Age 22 by Putting Relationships Over Profit with Cole Ruud-Johnson</a></p><p><a href="https://www.biggerpockets.com/blog/wp-admin/post.php?post=92692&amp;action=edit&amp;classic-editor">How to Use the DISC Profile to Communicate Effectively in Business</a></p><p><a href="https://biggerpockets.com/events">BiggerPockets Events</a></p><p><a href="https://www.facebook.com/groups/biggerpocketsofficial">BiggerPockets Facebook Group</a></p><p><a href="http://biggerpockets.com/store">BiggerPockets Store</a></p><p><a href="https://www.instagram.com/beardybrandon">Brandon's Instagram</a></p><p><a href="https://www.instagram.com/davidgreene24/">David's Instagram</a></p><p>Click here to check the full show notes: https://www.biggerpockets.com/show483</p>
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