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

<p>Last week,&nbsp;<strong>Brandon and David</strong>&nbsp;sat down to talk about the “<a href="https://www.biggerpockets.com/blog/core-four-real-estate-team" rel="noopener noreferrer" target="_blank"><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&nbsp;<strong>the five team members you’ll need to&nbsp;</strong><a href="https://www.biggerpockets.com/blog/scale-investment-portfolio-turnkey-properties" rel="noopener noreferrer" target="_blank"><strong>scale your portfolio</strong></a><strong>&nbsp;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&nbsp;<strong>scale into large multifamily properties,&nbsp;</strong><a href="https://www.biggerpockets.com/blog/overlooked-commercial-investments-real-estate" rel="noopener noreferrer" target="_blank"><strong>commercial properties</strong></a><strong>, self-storage units, or&nbsp;</strong><a href="https://www.biggerpockets.com/blog/lessons-investing-mobile-homes" rel="noopener noreferrer" target="_blank"><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&nbsp;<strong>lead generator,&nbsp;</strong><a href="https://www.biggerpockets.com/blog/glossary/underwriter" rel="noopener noreferrer" target="_blank"><strong>underwriter</strong></a><strong>, money raiser, asset manager, and financer/bookkeeper</strong>&nbsp;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>&nbsp;Join someone else’s team&nbsp;</strong>and think about how you can be the BEST in the role that you’ve been appointed to.<