Never Hire an Acquisitions Manager

For many people, a growing real estate investment business means “scaling”—buying more properties, and doing a higher volume of deals. And that often leads investors to consider hiring an “Acquisitions Manager”—an employee whose sole job is the negotiate the purchase of properties, so that the investment company has enough “inventory” to repair, remodel and improve. For Thoughtful Real Estate Entrepreneurs, though, this is a huge mistake. In this episode, Jeff explains why TREES never hire Acquisitions Managers (Hint: it’s because that would mean outsourcing he most important part of the entire business: the negotiation with the Seller.)