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Updated over 4 years ago on . Most recent reply
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Partner or not? Split $1M or take 30 years to reach your goals?
I have several friends/family members that have high paying jobs. Brother is in a doctorate program for physical therapy, Uncle is part owner of an architecture/CaD business, Cousin has high paying career at Tyson Food, my wife and I earn quite a bit between our civilian careers and air national guard pay, and my friend/co-worker/current business partner has a great salary being in the military.
My question is: should I ever attempt to bring on more people to scale faster and increase the overall cash flow faster?
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@Jessie Nunley I have partners on most of my investments because of different skillsets, but also because it allows you to accumulate more properties and diversify. If you are talking about buying 3 houses by yourself or 6 with a partner, I wouldn't say it is as necessary, but I have a lot of commercial properties in all different categories. If I only had Retail properties right now, I would be a little nervous as that's not the asset class you want to be in with all that is going on. But since I have partners, I am able to have a lot more diversity in my portfolio