There are so many ways of investing in real estate and recently one of you asked, "Should
I partner or should I do it all on my own?"
And for me, it actually comes down to the answer of these 2 questions.
"Should I invest in real estate on my own or should I invest with a partner?"
You know, this is a really good question.
I think at the end of the day, what you're trying to figure out is, "If I do it all on
my own, then I'm the 100% owner and I get all of the benefits."
And you might be thinking, "And if I invest with a partner, then I start taking a cake
and off cutting it half then I got to split it with somebody."
So, today I hope to give you a better understanding of the pros and cons.
At the end of this video, I'm going to share with you 2 questions that will answer the
question super easy and tell you which path you need to go down.
Or at least the path you're going to have highest likelihood of massive success.
Now, before I get to those questions.
Let's just understand the break down a little bit more.
When you're doing real estate on your own.
You're saying, "I'm wearing all the hats.
So, number 1, I got to find the deal.
Number 2, I got to negotiate and then I got to purchase it with my money and/or credit.
And then I got to manage it.
And I got to take care if it.
Or I got to hire people to do some of these different pieces.
And I got to figure out how I'm going to pay them to do these things.
But at the end of the day, I own it and it's 100% mine."
I'm going to tell you right now, every time I bought a piece of property that I own 100%
of, it felt great.
And I love that feeling of total ownership.
Until, I got stuck.
And I was like, "Man, I can go faster but I've ran out of money or credit or some weird
resource.
Or maybe I can't find the deals."
And all of a sudden, I'm like, "Okay.
Well, if I can't do it all by myself, then I'm not just going to do it."
And you can get stuck in that space for a while.
Come over here to partnering.
Partnering says, "I don't want to wear all the hats.
I recognize that there are parts that I want to do.
And I recognize that there are parts that I don't want to do."
You might say, "I don't know how to find the deals."
Or you might say, "I find a deal, I don't want to be in-charge of rehab or hiring contractors
or finding tenants.
I don't want to play landlord."
And so, all of a sudden, you realize, "Wait a second.
Are there parts of this game where I can do the things that I like and that I'm good at?
And then forfeit the others and hire out the other parts?
Friends, that's why people partner.
Because what they're doing is basically saying, I would rather get half of something rather
than all of nothing.
You follow me?
I rather get half of something rather than all of nothing.
Now, real estate partnerships can be divided in number of different ways.
But at the end if you understand this 2, there's 2 questions that you should be concerned with
to help you know whether you should partner or not.
Here's the first one: Do you have enough money and credit to be able to buy real estate?
If the answer is no, then you need to go down to path of purchasing real estate with no
money, no credit or you need to pair up with an investor that has money that wants to invest.
And you guys can go in a deal together.
So that's the first of the 2 questions is do you have money to put in the game?
If the answer is no, you should be looking at partnering.
If the answer is yes, then you may not need to.
The second question for you to consider is whether you want to be active or passive.
You see some people want to be hands-on they're so excited.
They can't wait to get in their truck, drive their home depot, pick up the tile, drywall
and freaking get to work.
And they're going to put rents sign up and they want to be landlord, they want to call
tenants and they want to vet them.
Some people seriously thrive on that.
And I kid you not, for my first 15 to 20 homes, I loved it.
Because everytime I did it, I felt like I was doing my part to break away from the chains
of society and become financially independent.
So, it was important to me.
But I got to point where I got done with that too.
So the second question is do I want to be active or passive?
If you are into family, career and commitments or hobbies that make you already feel stretched
thin, I would recommend that you absolutely lean towards partnering for different purpose
to make sure that you protect your time.
You see, if you do something that isn't long term sustainable, it'll comeback and it'll
bite you on behind.
So, you were actually trying to find a more intelligent approach to actually do this.
if you're wondering, "Should I partner, should I not", I want you to understand this.
If you don't partner and you don't 5 homes and own 100%, you're a winner.
If you partner and buy 100 homes that you only own a 50% of, you're a winner.
What kind of winner do you want to be?
And it just doesn't mean that partnering is better.
It's just means that you need to understand the difference and when to partner and when
not to partner.
And ultimately comes down to those 2 questions.
Do you got money to put in the deal?
And if the answer is yes, you might not need a partner but if it's no, you should look
at partnering.
And if you want to be passive for question number 2 then you should also look at partnering.
Those 2 things can free you up.Cause you to be way more realistic.
And you know what?
Don't worry about giving the path at the end of the day.
You know why?
Because things compound.
So, if 25% becomes 50%, becomes 100%, becomes 200% it all works itself out.
In real estate, there's more than enough to go around.
Take care of yourself.
Make the decisions that are good for your health, your mental health and cause you to
feel good and excited and passionate about your life.
If you're searching for the happy medium, here's the big thing that I've saved for you.
You can become one of my real estate mavericks.
And as a maverick, you can go find people that have money, introduce to me and my team,
they'll look at our track record, they'll say, "I'm partnering with you."
And I'll bring you on my cut as an equal partner.
Now, for some of you that just went over your head, so I want to slow it down.
If you become one of my real estate mavericks, which is down in the links below, learn more
about it.
Talk to my team, if you qualify.
Then if you make strategic introductions of people that decide to partner with me, then
because you brought them to the table, I will share my ownership with you.
It is a way to get in the game of real estate that takes no money, no credit and no real
estate know-how.
So, you're outsourcing both parts.
I don't need the money part.
I don't need the doing part and that's a way for you to get ahead in tremendous way.
Thank you so much for watching today.
Listen, if you're not a subscriber, fix that right now.
And I'll look forward to seeing you on tomorrow's video.