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Updated almost 6 years ago on . Most recent reply

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Adam Gryszko
  • Rental Property Investor
  • West Springfield, MA
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First rental property idea

Adam Gryszko
  • Rental Property Investor
  • West Springfield, MA
Posted

I'm saving money right now for my first rental property I plan on to brrr with it. Would I be smart for me to partner up with a experienced house flipper and fund the deal then we split the profits 50/50?

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Sathish Sekar
  • Real Estate Agent
  • Chicago, IL
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Sathish Sekar
  • Real Estate Agent
  • Chicago, IL
Replied

It would be a smart idea to partner on your first deal. That way you can use the experience of your partner to limit your risk. 

As far as a partner. You should set expectations with a "house flipper". Make sure the person knows you plan on keeping the property long term as a rental. Typically house flippers buy and sell properties within a few months. 

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