Businesses are often compared to machines. It’s a tired metaphor, but it doesn’t make it less apt. Machines rely on many moving parts to function, and it is true of investing in real estate, too.
Unlike businesses, these parts don’t come in the form of jobs to be filled, departments, or complex infrastructure. Most of the time, the “parts” that a real estate investor’s business needs to function rest solely in his or her hands.
Even passive real estate investors are responsible for the moving parts of their investment portfolio. Memphis Invest learned long ago that addressing those moving parts with investors honestly, from the beginning and including a willingness to tell some investors that they simply were not ready to move forward, was the only way to build a Turnkey company. Why? No matter how passive an investment is or an investor wants to be, the investment success or failure rests solely in their hands.
That’s a lot of pressure!