Remember this as you're building your power team. In real estate, you can't achieve success alone. You need the help of real estate attorneys, realtors, insurance agents, closing agents, contractors, co-wholesalers, and cash buyers, among others.
This isn't to bash anyone. When you come across a potential deal, and you text your realtor friend to get you some quick comps on a property, and they're either not reachable, or they're occupied with other deals themselves, this takes away the element of speed in your deal-making magic. You're as quick as a shark, efficient, productive, and you get results. But this realtor is taking longer than you were hoping. In fact, this isn't the first time you've come across this problem.
You're only as fast as the realtor getting your comps.
Or you found yourself another great deal, ran the comps yourself, you put the property under contract. But because you have a limited cash-buyers list, you've decided to work with one investor you've built a relationship with. You've worked on a deal or two with them before, and they've been okay. This time around, they guarantee you that the funds are ready, and escrow is scheduled to close. They give you a call the morning of closing and tells you those dreaded words, "Hey, I'm so sorry, but I wasn't able to get the money."
You were just about to close on a deal that was about to make you a lot of money, and it fails. You're upset. Your seller is upset, and now you have to start marketing the property to more investors.
Listen. Find the best people to work with. If you're new, make it a point to NOT find people who are also starting off. If you do, you'll make more mistakes, and reach your goals much slower. Instead, find the best, humble ourself, and take a risk. Take them out to coffee, and although you might think you're not worth their time, it's the only way you're going to increase your chances of partnering with the best. Besides, the fact you asked them shows them you want to work with the best.
Find the best rehabber, the best contractor, and the best realtor in the area. Use resources like Angie's List for contractors, or talk to other investors (experienced investors!) for recommendations. Get on Zillow and look up reviews and ratings for realtors, their current listings, their total sales up to date, etc.
If you work with the best, in 5 years, you'll be significantly more ahead of where you would have been had you been working with mediocre teammates. Be picky. And if you're currently working with someone you think you've outgrown in skill and expectations, it's time to do the hard but necessary thing to wean them off, or have a direct conversation.
Get an excellent team, and you will do excellent work, and produce excellent results.
"Perfection is not attainable, but if we chase perfection we can catch excellence." - Vince Lombardi