Partnerships or Solo?
I am curious to know what investors have a 50-50 partner ship with all properties purchased. I want to go into RE investing on my own but I have a friend who is graduated from Grad school come May and is pretty much ready to buy properties with me. What are the pro's and cons of a Partnership?
My thoughts right off the bat would be more cash on hand, more properties to buy, less risk(as far as if things went sour one or the other could cover the mortgage payment/expenses), Two people to feed off each other a motivate each other, half the work load.
CONS: Split all profits down the middle, possible arguments (but what would you expect).
To me it seems that a partnership has more pro's than cons and could be better than going in by myself. Both of us have excellent credit and cash reserves ready for purchases along with solid jobs right out of college. What are your guys thoughts?