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Updated about 3 years ago on . Most recent reply
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Commercial real estate
Been looking at Multiple commercial real estate properties that can Potentially be amazing deals but the problem is I'm stuck on should I do this alone or try too find someone to partner with on these deals.
Analyzing these deals is not a problem for me but when I watch these YouTube videos of certain people saying you should have a team behind you I get confused, I recently finish a book called (how to make millions in real estate in three years starting with no cash by Tyler G. Hicks) in the book doesn't really explain if you should do it alone or have a team.
Been inching too get into commercial real estate just wanna know if I should have a team first before diving in? Or should I just do it alone first and as I keep moving develop a team while just doing it?
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I find the term "team" interesting. I buy (and sometimes sell) small MF properties.... multiple millions of $$.... I do this by myself. Sort of - I do have a CRE broker, I have an insurance agent and mortgage broker, etc . these are all folks that help with the transaction and over time. But they are not partners in the legal sense. I think of themas vendors. I think people get overwhelmed by the idea of "teams" If you have the money to purchase the assets then find a CRE agent and see what you can do. If you want to have a partnership or syndication that is fine too but you dont need it if you have the funds/ability to get financing.
I am obviously a hard core do it my self kind of gal, and maybe you want to involve others, but you dont have to (if you have the finances)