Quote from @Matt Tortora: Fair point - but I will be partnering with someone who has good MF experience.If you are partnering with someone with experience in the game, your value to the equation is not equal.

The profit wasn't worth the remodel and sweat equity so we choose the long game and cash-flow. 

Starting later in life is no problem—real estate is a long game, and the key is building the right foundation.

I’d love to share some insights that might help guide you as you build your business and investment strategy.Step 1: Focus on Building RelationshipsSince you’re new to the game, leverage your wife’s new license and start networking with local investors and realtors.

Does the sponsor have skin in the game?

They got in the game when rates were low and it was easy to find cashflow plays. 

You will need to really start playing the long game though and focus on securing assets that have good underlying fundamentals as you will need to get more creative with the financing if you want to keep moving quickly.

Account Closed - I am trying to map out a game plan for my next investment, and a good friend of mine who is an experienced realtor wants me to consider Section 8 because he has a client who is an investor making very good money off of it.

The buyer must have 20% to 30% "skin in the game." 

Hi everyone,My husband and I are just starting out in the real estate investing game.