Should I have a partner help me invest in real estate?

Should I have a partner help me invest in real estate?

Chris Palmeri (Senior Correspondent, BusinessWeek) gives expert video advice on: What types of real estate investments can make me a millionaire?; Should I invest my money in family homes, apartments or commercial real estate?; How risky is real estate as an investment? and more...

Absolutely. You know having a partner help you is a great thing because number one all investors need money and then that's another source of capital. It's another person who can give you a hand making improvements. Showing the place to prospective tenants. If your partner is someone who has done this before it's a great source of information for you and it's a way to learn this business. The downside of course is that you are giving up some of your profit and the equity because you've got a partner. And you're going to have to deal with partner issues. You are going to have some disagreements about the business when to sell, what improvements to make. And so it's really important to pick somebody that you really feel comfortable with.