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Updated over 5 years ago,
Opinion on this REI idea
Hi everyone,
I constantly hear people say you should start small on your first Real Estate Investing deal (SFH) to understand certain aspects of the business.
My goal is to own multiple multifamily properties because of the benefits that come with it.
I understand that acquiring a 5+ unit property on your first investment deal can be risky. On the other hand, SFH or duplex-4plex do not appeal to me like apartments.
An idea came to me ...
What if I found an experienced Investor looking to acquire another apartment complex, and I offered them 20k cash to help with the investment. In return, I would ...
1). Become their mentee and gain valuable experience in multifamily investing
2). Get my 20k investment back plus whatever returns
Along with me being an attentive, hardworking, ambitious, etc. etc. mentee, I could also bring value by investing cold hard cash into the investment.
I also do some Real Estate Photography on the side so that can be of value too.
Tell me what you think? Does this bring a source of value to the table?