As a real estate agent, it’s likely you’ve entertained the idea of investing in real estate. I know I certainly have. Well, a few years back I decided to take the plunge, and I purchased my first rental property; it was a cute two-bedroom house. That purchase got me hooked, and two years later, I had 35 properties in my real estate portfolio. Those two years were filled with ups and downs, to say the least. In this post I’m going to share five major lessons I learned from this experience. Lesson 1: Working with a partner is better If you just want to purchase a single investment property and be done, then you probably don’t need a business partner. However, if you’re looking to scale up and buy multiple properties over time, having a business partner is beneficial for two main reasons: Banks are more willing to finance your deals if there is more than one person guaranteeing the loan You have someone else to share the responsibilities that come along with real …
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