Understanding Partnerships! Help

1 Reply

Dear BP'ers

So recently I have been guided by some folks on here into doing BRRRR partnerships in order to create more and be invested in more deals. My question is what are the steps to creating a successful partnership and how are they structured?

I know multiple people who would gladly invest in real estate with me and I want to offer them opportunities to grow their wealth along with creating extra cash flow for myself. Are there any guides out there? Or how do you have your partnerships structured?

Thanks

Justin

I never recommend partnering on small deals for cash flow. Partners come with headaches, and none are worth $75/month

On small deals, use partners for money only and structure your deal as a temporary loan for acquisition and/or rehab. Make sure to have a refi exit strategy built in and confirmed with a lender before you purchase.