Why you should work with a partner

Why you should work with a partner

This is my personal opinion based on what I have read here on the site and what I have experienced myself.

I have been investing in RE for the past 8 years. I have been doing it with a partner. Up until about a year ago, everything went smoothly and we were riding the wave. Then we stopped seeing eye to eye and basically decided to go our separate ways. I wanted to keep investing or doing something that has to do with RE and I tried to do it on my own. I figured working with a partner is like a marriage, you have 50-50 chance of surviving it.

However, as I learned later, it is much much much much easier to work and get things done when you are working with a partner. The only thing you have to do is find a partner that complements you. A partner that will bring into the partnership something that you don't have while you bring something he/she doesn't. If you read the posts here, most people work with partners, be that husband and wife or just friends, or random people who have met through this site.

I guess the point that I am trying to make is that even if you think that you know everything and getting a partner would only drag you down -- WRONG!!! Even if you know everything, I bet you anything you want, your partner will be able to do something or will know something you don't. So my point is, if you hit a roadblock, or if you think you have had enough and ready to call it quits, consider finding a partner on this site, that lives in your area or close to you and you will see how your perspective changes.

Yuri

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Yuri,

Thanks for taking the time to share your insight about partners. It is true, with investing we often want to leverage financing and with partners we can leverage time. Each partner can bring some expertise to the table. Some partners enjoy people while others enjoy working the numbers. Some investors may have money and can't find the deal, where inversely, other investors can find the deals but can't find the money.

Also, some people can do deals with various partners and this increases your networking with more and more people. Good luck with real estate investing and working with partners. Believe and Achieve! Smiling - Joe

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Joe

Thanks for the reply. By the way, how many deals have you done already?

Yuri

__________________

-- TIME IS A TERRIBLE THING TO WASTE, SO STOP WASTING IT --