8.16.2009

Form a Property Investment Club

Look at some of the reasons to start a property investment club. For one, two heads are better than one, and three are better than two. I know that I do some of my best thinking, and make new breakthroughs when I can bounce things off other people, and if it was real estate investing I was thinking about then I would want to talk to other property speculators.

And you may be able to pool your resources or credit together, so that you can buy, say, a multi-unit apartment building that was out of reach of each individual but is not too expensive for your property investment club as a whole. If you want to make money you should be willing to do whatever it takes to have access to the most profitable deals, even if that means joining forces with fellow club members. And as we've seen together you might think of even better ideas. There will be a mutual benefit to any house that you buy, because everyone has their stake in the property.

Before you go forming a property investment club however, just make sure you know that the people you are signing up with are good, honest people that are not secretly trying to rip you off. That is why friends are good: you already knew them before the genesis of this idea, so you know you can trust them and their money. Family members can also be a good option.

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