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Well, I hope by positioning these items side by side that
the wheels are now turning inside your head. You should
immediately recognize that while these may be opposite
positions, but they are completely complimentary. It is very
common for a person to have both sufficient available
capital and a real desire to build a real estate portfolio,
but they simply don't have either the time or the desire to
devote to maintain the management and operation of a
property. The flip side of that coin is also very common.
Just about everywhere you look are people who have the time,
willingness, talent and desire to be in the real estate
business, but they just don't have the available capital.
Simply put, there is available an obvious marriage of
convenience between these parties. Like all relationships, a
person should choose their partner(s) wisely, but when a
companion is found, a world of opportunity, progress and
achievement is laid before you.
I can point out numerous highly successful real estate
entrepreneurs who started out with only time and now have
money. Likewise I can identify those who started out with
money, and now have much more of it. While some people see
having either time or money without the other as a hindrance
to building wealth in real estate, it can be the perfect
jumping off point for an exciting and profitable journey in
property ownership.
One of the most exciting aspects of this potential is how
easy it is to find a counterpart. If you have either time or
money, it is simply a matter of letting people know that you
are willing to invest what you have, to help a partner get
what they want. My first transaction was with a partner. He
put up the money ($5,000) and I put up the time and effort.
The rest, as they say, is history.
If you are one of the many people excited about this
business, but needs the right partner to make it happen,
here's what to do:
1. Make sure you identify what you have to contribute;
i.e., exactly how much time or what amount of money you
are willing to invest.
2. Make sure you understand the real estate business
sufficiently to safeguard your intended investment,
whether that investment be in time or money.
3. Advertise for a partner. Simple want ads will work
great, but word of mouth will bring you comparable
results. Just start letting people know. Every person
with which you share your desire will bring you much
closer to finding the perfect partner. I guarantee that
you'll be surprised at how fast you'll find a match.
When building any real estate business, you must begin with
what you have; desire, time, skill, or money. Whatever you
have to bring to the table, it is valuable and necessary for
success. So if you're wanting to get going, keep going, or
build bigger; consider joining up with a partner (or
partners) that have what you don't, but need what you do.
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