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Updated over 9 years ago, 06/24/2015
Should get started in REI with a partner or no?
Hello everyone,
I'm still in the early stages of gaining knowledge and trying to figure out what the best route for real estate is for me. Well, I have a good friend of mine/college roommate/teammate that is also wanting to get into real estate. This friend actually got drafted a couple of years back into the Major Leagues but is no longer playing ball anymore. So he has a nice chunk of change to get started in a deal, he just has no credit what so ever and is really just wanting to partner. Me, I have pretty good credit but the capital just isn't there. He is a single individual and is still in school. I am a married/father living in Houston with a F/T job.
Should I partner with him to get things going? If so, i have no clue how that usually works?
Or should I just do it myself and start my own real estate portfolio for my family and I?
thank you very much