That’s what really gets me going.So here’s the deal: I’m on the lookout for like-minded partners who are as passionate about real estate as I am.

A lender is not going to lose money on a deal for you to gain experienceYou will need to partner with someone to get experience and at the same time start savingTo answer the other question you typically will need 20-30% down to get hard money

My market is showing increased revenue and ADR YOY going into late 2023 and 2024. 75% occupancy for my place last year that went strong all the way through the holidays.

Focus on markets with strong job markets, affordability, and economic development.

If there's enough equity there, that would allow you to continue investing without giving up that great rate.Another thought would be to take on a partner who has some cash, which is something you could also utilize if your existing equity isn't enough.It's a good question.

I know investors who purely work with one broker or lender, because of the strong relationship they have built with that individual person, I also know a lot of investors who jump from bank to bank just to get the best terms, and then never come back.

I think they should always be in a strong financial position, but they should also be contributing at least some of the money.

I would strongly advice you reach out to a real estate accountant and have all of it done for you correctly the first time! 

We complement each other to be sure we get a quality product for the owner.The parallel is that you could find a business partner that is the store front and does the people interactions while you quietly attend the meetings commenting on occasion, but are the brains behind the details and the analysis.Just food for thought.Sincerely,Joe

If you buy a property with a partner (not your spouse), is it worth setting up and LLC in that case?