The (Brutal) Truth About Why You Can’t Find a Partner
If you are having trouble finding a partner, or if you cannot find good partners, there’s really one of three things going on.
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- You are not networking enough. That could be you just aren’t meeting enough people.
- You’re not asking around. You’re not asking people to partner up or having those conversations.
- You are not bringing the right skill set to the table.
Number three is the most important reason you’re not finding partners. In other words, you’re hoping to show up to the partnership without the right stuff. You want them to bring everything.
How To Bring It
Let’s say you showed up and you’re networking well, you’re having conversations, you’re attending local BiggerPockets meetups, whatever. And you’re showing up and you have an amazing deal and you have deal flow coming in because you’re doing driving for dollars every week or you’re direct mail marketing. Plus, you are analyzing deals like crazy, and you are really, really, really good at that.
And you’re fired up and you’ve got good tracking and you know what you’re talking about. You know how to have a conversation on the phone with somebody. You’ve met with all the banks in your area. You know what every bank’s requirement is, you know everything.
But you don’t have any money.
I can guarantee you that you are going to find a partner. And there are a million people out there who would love to partner with someone like you, because you bring the rarest and most valuable skill there is in real estate. And that is deal-finding.
That is the rare skill right now: deal-finding. You will find a partner. A partner isn’t hard to find. You just needed to work on your deal-finding skills and all the other skills that don’t require money, if you’re lacking money.
Now, if you’ve got a ton of money just sitting around, I can guarantee you that you will find a partner. Why? Because there’s a lot of people who don’t have that skill of having money or that talent of having money.
So if you don’t have a partner, it means you don’t have anything, you’re not bringing anything. So, start working on that.
What can you bring to the table that is rare and valuable?
If you’re on the other side of the equation, what do you look for in a partner?
Tell us what you’re bringing or looking for in the comments.