Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on .

User Stats

8
Posts
10
Votes
Tracy Mason
  • Investor
  • Glen Allen, VA
10
Votes |
8
Posts

Screening Investment Partners

Tracy Mason
  • Investor
  • Glen Allen, VA
Posted

Anyone have good advice on screening investment partners? I don't necessarily need a partner from heaven but I certainly don't want one from hell.

I'm currently experiencing a situation in where I've paid to setup an LLC, generated a business plan and even took days off work to make sure this joint venture is setup correctly.

The issue is my prospective partner has had bad partnerships in the past and now his mother in law, who is a retired mortgage loan officer, has a heavy influence on his decision making which impedes our progress. I don't really know them and they don't know me but the great thing about this business is networking and venture projects. I personally feel that I've invested too much time already and think he should probably straighten out his personal life before investing. A partnership is like a marriage. Must I be tied to his entire family.....?