I've been looking for a partner to do a long term hold rental with me. Going to REIA meetings reading books listening to every podcast taking to everyone I know about real estate.
I finally got someone to take a meeting with me next week about entertaining the idea of a partnership. He's my insurance agent but we have a bit of a relationship as I have a lot of policies with him and it's a small town.
In the past he had 4 properties with a partner and the parent was no good. The tenants we're dealing drugs and he ended up having to sell them off.
How do I talk him in to working with me? Other than of course finding a sweet deal. Which is proving very hard in the north of Nashville market.
I feel like I tend to get over excited and scare people off.
I like that he's been through this before and isn't afraid to jump in like everyone else that's told me they're interested and I never hear from again.
What's my move? How do I sell myself and the deal (or the deal I don't have I should say).
PS any Nashville wholesalers have anything in Madison goodlettesville or greenbrier I can present him with?
What do you need him to do for you as a partner? Just tell him your goals, find out his goals, and if it fits, something will organically arise. You can't force a partnership, it just has to work.
Your "move" is to actually FIND "a sweet deal". ("Which is proving very hard in the north of Nashville market"). Good luck...
@Lucas Carl , if you find a sweet deal need a partner, drop me a line.
hey Amit! How sweet of a deal? 70% ARV just isn't going to happen here. Are you interested in buy and hold? Hit me on my inbox
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