Benifit of having a partner

[Ivan Roberts]

Hey guys,

I have read on many BP posts that investors encourage other investors to find somebody in their local REI groups to become "partners" or friends with. I am wondering what the benifit to that was? Wouldn't it be competition to another person to have similar interests in that same objective, only to become friends or partners with them?

I guess what I'm saying is, why would one go to an REI group, to discuss Real estate investing, in order to buy multifamily properties, not to look for a wholesaler or someone or the such?

Thanks

[Bryan H.]

So viewing others in RE as competition is something many new investor do. And it's wrong. There are so many deals to be had there is plenty to go around. Plus not everyone will be interested in the same market, city or neighborhood. Nor will everyone invest in the same thing, SFH mfhs, mobile homes, apts, notes , wholesaling, rehabbing etc. search for Brandon's list of over 100 ways to invest in real estate.

Why partner? United we stand, divided we fall? Forming partnerships are key to growth. Learning from others. Pooling money to invest in larger projects? I was asked to partner in a 3.5M mobile home park. Could never do that alone.

It's ok to play nice in the sandbox. Sharing is ok.