All Forum Posts by: Account Closed

@Jonathan Barr 

The interest rates being low will help for sure. We’ll see how it all plays out.

@Billy Zhao 

At least with Real Estate it is slow and there are generally signs in advance.

The real estate market has traditionally gone through up and down cycles every few years. There's no

reason to believe that it won't happen again. A correction of 20-50% in real estates value in certain markets can happen without much warning. In fact, New York City is already seeing a correction and probably a bigger fall out in the next 12 months.

The real question is what to do:

1- mitigate the risks

2- getting ready for opportunities to come

I think having a long term plan will help a lot.

@Nick C. 

I’m not sure. I have mixed feelings about it. I must admit if you had told me at the end of March we would be here now I would have thought you were wrong. I am surprised by many economic indicators now.

@Sarah Stamper 

Hard to predict the future. We will see. Any which way I am still moving forward.

I see people form partnerships all the time; some temporary, some permanent. The trouble I see with so many partnerships is that partners are not always bringing something different to the table. In Real Estate we can be very transactional, which is fine. You can JV with someone for one deal and then the partnership naturally dissolves upon completion of the deal. If it went well, you could do another deal together and have an additional temporary partnership. When you are looking for a partner, whether on a deal or a business venture, I highly recommend bringing someone in with a different set of asset. It can be a skill set, it could be something as simple as money, or it could be a built up system you wish to leverage. One partner brings the money and the other brings the deal. That is a productive partnership. One partner brings the deal and the other brings the skills, system and experience to make it a deal that sees everyone get paid. That kind of partnership works well. Choosing a partner because they are a friend is probably not the best idea. Especially if the friend is like-minded. Why would you bring that person in as a partner? If the honest reason is because you are scared to start a venture on your own, then you need to take a hard look in the mirror and decide if this is for you.

I see people form partnerships all the time; some temporary, some permanent. The trouble I see with so many partnerships is that partners are not always bringing something different to the table. In Real Estate we can be very transactional, which is fine. You can JV with someone for one deal and then the partnership naturally dissolves upon completion of the deal. If it went well, you could do another deal together and have an additional temporary partnership. When you are looking for a partner, whether on a deal or a business venture, I highly recommend bringing someone in with a different set of asset. It can be a skill set, it could be something as simple as money, or it could be a built up system you wish to leverage. One partner brings the money and the other brings the deal. That is a productive partnership. One partner brings the deal and the other brings the skills, system and experience to make it a deal that sees everyone get paid. That kind of partnership works well. Choosing a partner because they are a friend is probably not the best idea. Especially if the friend is like-minded. Why would you bring that person in as a partner? If the honest reason is because you are scared to start a venture on your own, then you need to take a hard look in the mirror and decide if this is for you.

I see people form partnerships all the time; some temporary, some permanent. The trouble I see with so many partnerships is that partners are not always bringing something different to the table. In Real Estate we can be very transactional, which is fine. You can JV with someone for one deal and then the partnership naturally dissolves upon completion of the deal. If it went well, you could do another deal together and have an additional temporary partnership. When you are looking for a partner, whether on a deal or a business venture, I highly recommend bringing someone in with a different set of asset. It can be a skill set, it could be something as simple as money, or it could be a built up system you wish to leverage. One partner brings the money and the other brings the deal. That is a productive partnership. One partner brings the deal and the other brings the skills, system and experience to make it a deal that sees everyone get paid. That kind of partnership works well. Choosing a partner because they are a friend is probably not the best idea. Especially if the friend is like-minded. Why would you bring that person in as a partner? If the honest reason is because you are scared to start a venture on your own, then you need to take a hard look in the mirror and decide if this is for you.

@Darius Ogloza 

Is that for real? I can only imagine. :)

@Will Martin 

Right! That is how I felt right away.

@Adam Tafel 

What’s the saying? You never have to remember anything if you tell the truth.