Updated about 7 years ago on . Most recent reply
Finding a Real Estate Investment Partner
At this point I am looking to take real estate investing to the next step and have some extra capital to continue to build out my investments. The problem is that I currently enjoy my full-time career, which is not real estate related, and would rather focus most of my time and effort here. My skill set would be good at valuing deals and financing. I would be less interested in finding deals, running day to day operations, etc.
If you have been able to form a successful real estate partnership in the past where you are (or close to) a passive partner - how did you find the right partner? How do you inventivize that partner to find deals for you/them?
Thank you
Most Popular Reply
@Darin Young; smart move. You focus energy on growing your first flow of income. You'll need a lot of cash to funnel in to income property.
If you're qualified and have cash to deploy; syndication is likely a good option. As long as you connect with good sponsors you'll have access to deal flow that provides truly passive income and capital appreciation in a tax efficient vehicle.
One final suggestion: if you go this route evaluate/underwrite a ton of deals before you participate.
Happy Hunting Darin!
- Ivan Barratt