Is Investing with Family Members a Mistake?


While this may not be the most fun question that Tony has received in his DMs, it’s a very necessary one to answer, as many real estate investors start their journey partnering with family. While at times it can be stressful, working with family can also be rewarding in more ways than just financial. But, if you want to work with someone close to you, be prepared to treat your investment like a business.

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).

Ashley Kehr:
This is Real Estate Rookie episode 154.
My name is Ashley Kehr, and I am here with my co-host, Tony Robinson.

Tony Robinson:
Welcome to the Real Estate Rookie podcast, which also has a Real Estate Rookie Facebook group, which if you’re not a part of it, it is the most active, the most engaged real estate investment Facebook group that there is. But if this is your first time joining us on the podcast, every week, twice a week, we bring you the stories, the inspiration, the motivation, the education that you need to get started as a real estate investor, or continue to scale if you’ve already started. So Ashley, another beautiful day. We’re here, we’re on the podcast, things are feeling good. What’s going on, on your side?

Ashley Kehr:
Go ahead. Tell me the temperature. What is it there?

Tony Robinson:
It’s actually beautiful. If I could say like perfect weather, I think that’s what today would be. It’s like 76, just enough clouds so that it’s not hot, but the sun’s shining through. So this is winter in Southern California.

Ashley Kehr:
Tomorrow it’s supposed to be like five degrees out, I think. 19 right now.

Tony Robinson:
Like when you look up the weather on your iPhone app, it just says, stay inside. It says, don’t bother.

Ashley Kehr:
Yeah, we actually do have a winter storm watch right now. At 4:00 PM, it’s supposed to start snowing.

Tony Robinson:
There…