Updated over 1 year ago on . Most recent reply
Partnership Strategy Advice
Hi Folks!
I am considering a partnership with a young construction worker I trust. He would take out the loan on a multi-family and I would provide the funds for closing and reno as he lives there for 2 years. Has anyone done this type of arrangement before? Outside of the normal partnership risks, what other risks am I overlooking? I was thinking this could be a good strategy to scale and keep costs managable. Thanks in advance for any and all advice!
-Justin