Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

145
Posts
102
Votes
Eric Bowlin
  • Investor
  • Plano, TX
102
Votes |
145
Posts

Why networking is important.

Eric Bowlin
  • Investor
  • Plano, TX
Posted

I've recently been thinking about the idea of social networking and this story came to my mind. This isn't a success story, nor a failure story. It's a story about something that didn't happen. 

A good friend of mine who has always wanted to get into investing but hasn't made the move for many 'reasons' (i.e. excuses). He recently told me that he was watching a 'great' piece of property that wasn't on the market yet. He had the IN and knew they wanted to sell a beautiful early 20th century three-decker at a rock bottom price. The way he explained it was like anyone from the area would know. Beautiful original woodwork not ruined by paint, large open staircase in the front hall, absolutely giant apartments..but I digress.

I got excited about it and suggested we partner on it if the numbers worked. He found the deal and I'd fund it. We'd manage it together and split the cash flow and equity. He didn't want to. I got the feeling it was because it was 'his' deal and he didn't want to share. He wouldn't even share the address or town it was in.

A couple months passed and someone bought it and is fixing it up. From what I can tell, it never went on the market.

Working together everyone can make money. Not working with others...well...nothing happens. That's the point of the story.

Most Popular Reply

User Stats

935
Posts
467
Votes
Don Harris
  • Realtor
  • Charlotte, NC
467
Votes |
935
Posts
Don Harris
  • Realtor
  • Charlotte, NC
Replied

@Eric Bowlin reminds me of  Ecclesiastes 4:9-10 "Two are better than one, because they have a good return for thier labor. If either of them falls down, one can help the other up. But pity anyone who falls and has no one to help them up." Ecl. 4:9-10

One truth, many applications.