Sure, you can make a few quick trades, but the playground monitors (a.k.a. the law) might notice, and you’ll miss out on the bigger opportunities and loyal customers.So, while skipping the license might seem easier, it’s not the best way to win at the toy game in the long run.I have this talk with 10-15 people each month at our Free Meetups here in MA, NH, and ME.

Also, think about the bigger market factors—how’s the job market and population growth in Lexington?

Make sure both parties fully understand and agree on:How profits/losses will be split Who is responsible for what (e.g., repairs, management, communication with the seller).Exit strategies in case things don’t go as planned.When you do find the right partner make sure to create a joint venture agreement that outlines all of this clearly.

I actually have a wholesale oppurtunity on a multi-family Four-plex that I just promoted on the "Real Estate Classified" section of the Bigger Pockets website!

If I move to a partnership, what happens to my accumulated passive losses? 

There are hundreds if not thousands out there, but there are many by Bigger Pockets that are excellent for newer investors.

Does that mean that education doesn't work too and is a bigger scam that what you are making this out to be?

Grocers must eat the loss of their fresh vegetable or frozen foods during a power outage.

For some context, I have been listening to Bigger Pockets for over a year now and have big ambitions to get into investing.

It's a far better starting point for a new investor slowly growing a portfolio.You can learn more about that here on a Bigger Pocket Podcasts and here, and here is an article on it too.