Do you really need a partner to be a successful real estate investor?
I would think that going solo is a better idea and that partners would grow tired of each other and start to disagree.
- Anonymous2 months agoFavorite Answer
You're right. Go it alone. Do you have $5 or $600,000 to get started?
- ?Lv 72 months ago
If you can do everything yourself, then sure - go it alone. The best time for a partner is if they add something you can't or won't add to the deal. Like an excellent contractor partnering with an excellent agent. Or someone good at overseeing everything (inlucding finding the deal and selling it) partnering with someone who puts up the money.
- Ron AkiaLv 72 months ago
Partnerships are best when each partner is strong in one phase and not as strong in another and together they function somewhat better. If you're confident in your ability, go solo.
- linkus86Lv 72 months ago
Partnerships are not necessary, but are often preferable to reduce personal risk. Risk is a very real part of investing you can't deny.
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- ibu guruLv 72 months ago
Lots of partnerships do go belly up. But a lot of people do like to start with a partner to reduce their risks. It is not necessary to have a partner if you are willing & ABLE to take on full risks of the project. You need money, and you need to know what you're doing in the business. You can lose vast sums of money overnight, or get hit with other disasters. You need some background in the field to help reduce some of the many risks involved.
- RegwahLv 72 months ago
If two partners agree on everything, one of them isn't necessary.