The worst thing you can do is lose money for your investors.
You will have a big black stain on your name.
Cut your teeth before your investors cut a check.
Make your mistakes with you money. Do not be in a rush to conquer the world . Investing in property is a journey. The truth is that every year you will learn more and more. Be aware of your mistakes. Look to cut costs yet provide quality on your deals. We over did one of our Professional HMOs in a good area of Manchester. The tenants loved the kitchen and the bathrooms, but did we have to go to such an extent? Probably not! We are growing at a consistent pace. Sometimes slightly faster and sometimes slower as we all experienced BREXIT.
I strongly suggest organic growth. I believe steady and consistent organic growth is the key to long-term success. As you get better at investing in real estate and after you’ve made your mistakes, you can grow into larger deals in a safer manner. Going too big too soon means you’ll make your mistakes on larger deals, where they will cause you (and perhaps your investors) greater injury. So my advice is to mess up small so you can grow big.
This way your investors will be more than satisfied with you and even be your best source of advertising for raising money for your property deals.
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