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Updated over 4 years ago on . Most recent reply

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Justin B.
1
Votes |
7
Posts

Solo or Partner on First Deal?

Justin B.
Posted

If you had it to do over again, and you had two options, what would you do for your first deal, which I'm sure would be a huge learning experience?

(1) Buy a SFR or small multi by yourself and finance it on your own

(2) If you had in mind a unique large property with several structures on it that is beyond your financial ability to get a conventional mortgage for, try to find a partner to work with

I'm torn between doing the "stack" of starting small with lower risk and capital needed while I learn, versus the larger potential return of something bigger and the ability to learn from an experienced partner if I find one.

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