Real Estate Investing with Coach Carson
#142: How Two Friends Used a Partnership to Successfully Begin Investing in Real Estate
Nov 30, 2020
Cory Jacobson and Ryan Bevilacqua, two friends and real estate investors, discuss the vital components of a successful partnership in their investment journey. They share how trust and accountability play critical roles in their collaboration. Delving into the challenges they faced during the COVID pandemic, they emphasize the importance of financial discipline and setting up an LLC. Their insights on balancing cash flow, property appreciation, and the value of experiences over material goods provide a roadmap for anyone considering a partnership in real estate.
01:06:20
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Quick takeaways
- Trust is essential in partnerships, fostering accountability and open communication to effectively address challenges in real estate investing.
- Understanding market dynamics and focusing on economically growing areas are vital for making stable and profitable investment choices.
Deep dives
Importance of Trust in Partnerships
Trust forms the cornerstone of successful partnerships in real estate investing. In the podcast, the speakers discuss how their backgrounds and shared experiences foster a strong sense of trust between them, allowing them to feel accountable to one another. They emphasize that trust not only motivates them to contribute equally but also enables open communication when challenges arise. This aspect of their partnership creates a healthy working environment where they can navigate problems together instead of fostering distrust or ego clashes.
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