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Updated over 5 years ago on . Most recent reply

Account Closed
  • Realtor
  • Charlotte, NC
11
Votes |
32
Posts

Which direction would you go?

Account Closed
  • Realtor
  • Charlotte, NC
Posted

BP Forum I need your insight. 

My wife and I passively invested a small percentage into an out of state 48 unit complex to get our feet wet. I went this route b/c I know the person I was investing with. He has a solid track record, team in place (PM, GC, Agents etc) and is looking to scale big. 

So what's the problem? This investment is completely passive which is both a pro & con. I want to learn & get my hands dirty b/c there is so much to be gained from starting from the ground up. 

Do I continue to invest with my partner and scale as they scale or do I split off and purchase my own small MF so that I can learn the in's and outs? By skipping the "build from the ground floor" phase I feel I'm missing a lot of valuable lessons however if it's about ROI then where I'm at will prove to be just fine.

I would love some insight on what you think would be the next best step. I'm having a "it's hard to see the forest through the trees" moment and I need some clarity. 

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