I am currently in a position finishing up stabilizing my first building and looking for my next small commercial property with a partner in a specific part of MA, and actively learning about partnerships and putting teams and systems together!

The goal is to maximize the process and if you have to walk your team through a brand new spreadsheet every time, it’ll get chaotic.We at Compounding Capital have our own called Nucleus but a number of masterminds and groups have their own.To start, focus more on learning the intricacies of how the spreadsheet functions (seriously, just pick one) and how the various levers impact returns and you’ll be able to transition between spreadsheets easily enough in the future.#30My biggest tip for underwritersUnderstand incentives.

Anything anyone can add would be helpful as I have 16 residential properties and partnership in a shopping center but this side of the business is brand-new to me. 

Buy a small multi fam and live for free. 3rd option is to play the money man in a partnership.

if they bring a lot of value like I can......then it would be more of a partnership thing rather than a fee thing.......so it depends really

Biggest hard pass for me, I look at the partnership buying the real estate deal and how they are set up.   

They function just like conventional loans.If you are ever asked for an application fee, that is a major red flag too. 

I have also seen deals, partnerships, and financial growth in the same mastermind.

Letting them choose between having a functional dated bathroom or having a full update at a higher rate.

I think he just starting analyzing real estate from abstraction but it's a good start, even until now I still have friends at Google that keep arguing renting is better (everyone has their own bias) maybe because he has misunderstanding . the one that really enlightens me is when I understand how successful real estate investors strategize and get the business plan executed, either through direct ownership or through partnership/syndication.To add point above, most money is made with "appreciation" when the acquisition is "done right" (good time, good location, good value add).My granddad ( he knows nothing of US tax code) kept saying this in 1950s to my mom "every time you have a little bit of money just keep buying land because money lost value".....this is my personal reason why I keep buying and selling outside tax reason.