My husband and I started our REI business together. We've been doing better than I had imagined. Along the way, we've had other investors with money coming out of their ears willing to partner up with us. Sure, it was always very tempting, considering we've never had that much cash to begin with. But we always said no. Even now it's just him and me. To be honest, we cannot even imagine ever letting anyone else in. I know that we could make a lot more money by letting other people in. But it just doesn't feel right.
You think it's a trust issue we're having?
Maybe trust, more likely control.
Giving up / sharing equity involves giving up control. Even having to answer a phone to keep someone updated means you're answering to someone.
@Lam N. I wouldn't worry about it. You are successful and happy doing what you're doing. Bigger isn't always better as it can become overwhelming at times.
@Lam N. "Syndicating" or accepting investor's capital is a HUGE responsibility. If you're not 100% comfortable taking on the risk and liability, it's likely not something you should do. I don't see it as a "trust issue", I see it more as taking responsibility and knowing yourself.
I spent 34 years in corporate America getting input, building consensus, writing status reports, developing plans/goals/objectives/metrics, etc. I'd prefer a stick in the eye to doing that again lol. Decline the money and enjoy your freedom.
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