Teams VS solo

[Christopher Burns]

I have read many literature about the benefits of working with a team. Many of these examples show the investor and the contractor as well as a Realtor and another investors. What I am curious about is how much benefit is there when partnering up for a deal from start to finish? How can you reach a mutual conclusion about how the investment should be handled when you have another's input? Is it better to lead the team yourself? Essentially, I'm curious about the pros and cons of each and how personality plays a part.

[Hattie Dizmond]

Full disclosure...

@James Wise and I take a very similar approach.  I have 2 business partners.  That's my personal preference.  However, WE have a "team" that extends beyond the 3 of us. 

BTW...don't stress about forming your team. Learn to analyze deals. Learn your market. Become an expert in your target market. Get involved in your local REIA and get references for things like lawyers, agents, GC's, title companies, etc. Those relationships will happen. But, you will lose your shirt in a hurry, if you don't get your numbers right. Remember, you make your money when you BUY.