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Updated over 1 year ago,
How can I fund my next rental property?
Hello everyone,
My business partner and I have successfully leased our inaugural rental property in Detroit, specifically in Warren. The property is generating a promising cash flow, and we are eager to acquire our second one sooner rather than later. We might even secure a third property. However, as we aspire to scale our business and expand our portfolio, we are seeking innovative ideas beyond our current resources.
One viable option that has been playing on my mind is involving investors in our partnership. This approach could inject additional capital and expertise into our venture, paving the way for accelerated growth. I would greatly appreciate your insights on how best to structure such a partnership.
Alternatively, if anyone has other creative strategies that have proven effective in scaling a real estate business and increasing the number of properties, I am all ears. Your valuable input will be immensely appreciated.
Thank you in advance!