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Updated 11 months ago on . Most recent reply

Justin Skiles's profile image
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Justin Skiles
  • Member since Jun 9, 2023
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Justin Skiles's profile image
Justin Skiles's profile image
Justin Skiles
  • Member since Jun 9, 2023
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Justin Skiles
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Buying & Selling Real Estate

Partnership Strategy Advice

Justin Skiles
Posted

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

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