Here is the sure-fire way to avoid getting burned at the top of the market. In one word, it’s “discipline.”
The other day, someone in my private Facebook group on multifamily real estate investments asked how new investors can syndicate deals. This was a great question.
Short answer – because focusing on appreciation is easy. Investing for cash flow requires you to do some work.
Amateur investors think that the pros just “know it all,” that they have secret access to great deals, and then when they see one, they instantly know it and jump on it. Amateurs think the pros’ knowledge is so powerful that they can smell a bad deal a mile off and keep far away.
Real estate can be lonely. Building a real estate business is often best done with a partner who has skills that you don’t. And it can be more fun that way too. But how can you avoid partnering with someone who’s bad for you – or just plain bad?