Seeking advice on how to build new partnerships?
@Leland James do you have any skills? If you are trying to use other people's money you need to bring something to the table and expect to take a small slice of the pie.
Added value. Rehabit skills, investor leads, realtor license. Excellent credit.....
Thanks guys. Aaron, what I have to offer is five years experience in fixing and flipping homes, capital, and manage everything. I’m a licensed GC
Leland,
Which areas of Washington are you flipping in? Are you only flipping locally in Tacoma?
@Leland James I would recommend talking to other investors you've worked with. As a GC, do you do rehabs for any other investors?
I joined in a partnership after doing a flip with my GC. We ended up working well together, and decided to start doing deal together. I get a GC that is dedicated and invested in our deals, and will prioritize them. He gets access to investing in deals, and its a win win.
Robert that sounds good! Yes I am working with my investor whose I am on now. We’re talking partnership. That is a good idea. I do 90% or work for investors
Thanks James I will try that
Hi Randy! No I do flips all over Washington state. Usually try to stay within a 40-50 miles radius of Tacoma
Caleb thank you so much!
@Leland James - The answer depends on what you want out of your partner and what you are offering to bring to the partnership.
What are you looking for in a partner? Someone to help with acquisitions? Someone to help project manage? Someone to write checks and serve as the "money" for the flip?
What are you offering to bring? It sounds like you have a good track record and experience with fix and flip which can be valuable to the right type of person.
Like others have previously stated, you have to find a way to add value to what someone is doing.