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Updated almost 12 years ago on . Most recent reply
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Looking into doing RE investment with 2 - 3 people
I am looking into investing into some real estate with 2 - 3 people and as I start to gather and read the ton of great info on this site I am making notes from some of the post I am reading. I am going to suggest to the group that as I do research and gather more info that we do weekly / biweekly meetings to start to hash out things that can come up down the road ect.. Someone wants out can they force a sale .. Someone does work on property how is that person compensated ...
I was wondering if anyone knows of or made a type of punch list of ideas to go over?
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Kris Castagna I have been in several investment groups. Some were good some were not. The best one I had was me and my wife and another guy and his wife. That one lasted nearly 15 years and only ended because the guy decided to retire. I dont care how smart they are or how talented they are if you cannot look them in the eyes and feel you can trust them with your checkbook they are not for you. I think its the quality of who you group with not the agreement. If things go bad the agreement is HUGE, but how things go is definitely the quality of who is in it. Do a few little deals before any big ones to see how it works.