Finding a Parnter to help with Investment Goal ? 3 posts by 3 users

Posted: 07/14/2008 at 07:23AM

I am wondering how is it possible to find a parnter when its come to investment properties. What are the pro and cons of having a parnter helping you out? I am new to this find and so eager to start investing for my future!

Posted: 07/16/2008 at 10:18PM

I don't like to work with partners. These business arrangements often end very badly when one party feels that they are doing or putting up more than the other. The only thing worse than having a partner is having a family member as a partner. I just say NO!

I think the key is to find a partner match in which each of you bring something entirely different to the table. For instance, one partner has the ability and time to locate, fix, manage the property and the other has no time or desire but has the money. This creates a good match. Either way, if you choose to use a partner, the best advice you can get is to have an attorney draw up a very specific contract & entity formation which outlines each partner's specific responsibilities as well as how the profits are split and how and who decides exit strategies, etc.

RE is with out a doubt, the very best investment! Good luck.