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Navigating Real Estate Partnerships | Office Hours
Episode 344
Key Takeaways:
Value Creation Over Cash Flow
Focus on creating equity, not just collecting monthly rent
Potential to make more money by improving property value than through steady cash flow
Example: Tyler's land deal generated $900,000 in three years versus minimal annual cash flow
Partnerships
Partnerships can be powerful for scaling your business
Always have a clear operating agreement
Avoid 50/50 partnerships; ensure someone has decision-making control
Choose partners with complementary skills
Underwriting Strategy
Consistently analyze different property types
Learn to evaluate markets and assets systematically
Be open to various commercial real estate sectors (flex space, storage, mixed-use)
Raising Capital
Start with friends and family (506(b) offerings)
Build relationships and trust
Demonstrate expertise through consistent content and market knowledge
Investment Approach
Don't just chase cash flow
Look for opportunities to create significant value
Be willing to invest time in property improvement
Published on 2 weeks ago