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Passive Real Estate Investing

Ask Marco - Should I Partner with Family or Friends? | PREI 155

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Investing, Entrepreneurship, How To, Business:investing

4.6968 Ratings

🗓️ 6 June 2019

⏱️ 9 minutes

🧾️ Download transcript

Summary

Ask Marco - Should I Partner with Family or Friends?     Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing: http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary   IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast. This will greatly help share our podcast with others wanting to learn. Thank you!      . Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to passive real estate investing, the show where busy people like you learn

0:05.2

how to build substantial passive income while creating wealth for the long term.

0:09.2

And now here's your host, Marco Santorelli.

0:12.3

Hello again my friends and welcome to Now here's your host, Marco Santorelli.

0:13.2

Hello again, my friends, and welcome to another episode of Ask Marco,

0:17.3

where I answer your investing related questions.

0:20.6

My question today comes from Amir and Amir says, hello, I just finished listening to all

0:26.7

your podcast episodes from back in 2014 up to the very last one that was posted last week.

0:33.0

The contents were so great and educational.

0:35.0

I really appreciate it.

0:37.0

I can't wait to have my first property with you guys.

0:39.0

Although I am not there yet and I need to save some capital,

0:42.0

I want to plan my strategies and

0:44.2

pave my way to that goal. I have some questions. Two most important questions are

0:49.3

as follows. Number one I was wondering if it's better to partner with one or two of my friends or my brothers to purchase the first property.

0:58.0

In that case, we can raise $20,000 much faster than what I would need to be able to save.

1:04.0

If that is a good idea, how does the mortgage work?

1:07.0

Okay, so there's actually two questions in this first question,

1:10.0

and he does have a second question, which I will try to get to here based on time.

1:15.0

So what he's really asking here is if it's better to partner with his friends or his family.

1:21.6

Ultimately that's what he's asking. And the only reason he'd be asking

1:25.8

this question from what I can tell is because it would allow him to raise that initial capital

...

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