Partnering with Others

[Jorge Abreu]

There are many challenges that a new real estate investor faces when starting their journey. So many questions go through your head that can often create limiting beliefs and hinder your progress.

1. I don’t have enough experience.
2. I don’t have enough capital.
3. I don’t know any other Multifamily real estate investors.
4. Why would someone give ME $100k to invest in a deal?
5. How am I supposed to find deals, know how to analyze them, take them to closing, bring or raise capital, and operate the property by myself?

There are a lot of different solutions that can help crush these limiting beliefs and solve your challenges, but the biggest one is Partnering With Others.

You don’t have to be good at everything to be successful in Multifamily. In order to bring value to partners, you have to figure out what your “Superpower” is in the Multifamily space. Some “Superpowers” include:

1. Finding Deals (Through Brokers or Off-Market)
2. Raising Capital
3. Marketing
4. Asset/Property Management
5. Networth/Liquidity
6. Construction
7. Previous Multifamily or Real Estate experience (track record)

What’s your “Superpower”? Which one can you bring to the table if you were to find a partner tomorrow?

Next: How to Choose a Partner