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Investing in Real Estate with Clayton Morris | Investing for Beginners

761: Q&A: What's the Best Way to Start a Real Estate Partnership? - Episode 761

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

Investing, How To, News, Education, Business, Business News

4.11.1K Ratings

🗓️ 2 August 2021

⏱️ 15 minutes

🧾️ Download transcript

Summary

If you're considering entering a real estate partnership, what's the best way to go about it? What types of safeguards should you put in place? That's the first question I'm answering on this Q&A episode!

On today's show, I'm taking three of your thoughtful questions on real estate partnerships, building a real estate portfolio from the ground up, and how to decide if you should accept tenants with pets. Join me for episode 761 of Investing in Real Estate to hear my answers to your questions.

Transcript

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0:00.0

Welcome to the investing in real estate show everyone. I'm Clayton Morris so

0:08.8

glad to have you here on this show we help you become a more intelligent

0:12.1

real estate investor and I often believe one of the best ways that we can learn is by keeping our mouths closed and listening to other people's questions.

0:19.6

Very often we can learn so much when someone else asks a question. You might not think it has any

0:24.4

relevance to you, but very often it does. So on today's show, it's our Q&A episode where I'll

0:30.2

answer some of your questions. You could always leave us a voicemail message by going to Morris

0:34.2

invest.com slash Clayton. So leave us a voicemail message.

0:37.5

Ask any question you want as it relates to real estate investing or investing in general

0:42.3

taxes, the the market broader conditions

0:44.5

whatever is on your mind we will answer it and we have links in the

0:47.8

description of the show if you want to click on that directly and be taken

0:52.0

right to that place where you can leave us a

0:53.7

voicemail. Okay our first question today comes to us from Lamont. Let's listen and

0:58.2

see if we can answer this question. Hey Clayton, this is Lamant at a Columbus, Ohio. I have a partner that I'm trying to start real estate investing with with about we have about 30,000 in cash together that we want to start with.

1:16.6

What do you recommend is the best way for two amateur investors to get in this industry.

1:24.0

Well, thanks, Lamont.

1:25.0

I mean, there's a couple of key things you said there, number one, amateur investors.

1:29.0

So I love that you're being honest with yourself saying look I don't know what I don't

1:34.2

know there's a lot to learn right when you're just getting started but I thought I

1:38.4

think it's also brilliant because we have a partnership program at our company at

1:42.4

Morris Invest where multiple friends, partners can

1:47.6

come together, they form an LLC together, maybe they each put in 10, 15,000.

...

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