"Now you need this' "next you need this" Finally you're in vegas at super mystery weekend with screaming motivators and you feel like your're just waiting on Jim Jones or David Koresh to come out and tell you how to get to paradise. 

Jim

@Jim Pfeifer Great suggestion !

@Jim PfeiferI think those of us that have made the mistake see the importance of a good sponsor, but also taking into consideration our investor goals.Passive investors NEED to learn the business of investing in real estate, and have to approach it as if they would be managing the deal themselves actively.That means there needs to be work done on the front end, like underwriting, selecting a market, understanding buy right criteria, etc.You can't just focus on a good sponsor, and pray things work out.  

@Jim Blumenthaltypically small multifamily is too small to divide the equity among 'investors'you could try to find a single local partner - but i would do a bunch of deals yourself first before i would even think about partneringin any event - i'd start with a house hackgood luck

Jim invested in a small apartment complex, and within two years, not only did the property's value appreciate significantly, but the rental income also provided a steady cash flow.Real estate offers a level of control and tangible value that can be really rewarding.

Quote from @Jim K.: This really ended up being one of the best posts of last year, and in @Jake Andronico we really got a good example of someone giving back and telling it like it is.Wow, very kind words Jim.

Jim one of your better posts.. you hit the nail on the head on OOS investors compared to locals. 

Quote from @Jim Haertjens: Quote from @Shomail Malik: Same. 

Millionaire Real Estate Investor by Gary Keller, and HOLD by one of his Denton Proteges Jim McKissick.