Real Estate Agent · Spring Hill, TN · Member since 2016 · 85 posts · 41 votes
Hey everyone, I'm a Realtor here in Nashville, TN and got my license for the purpose of investing. After listening to the past few podcasts, crunching the finances, and getting the wife's approval, I feel like I'm ready to take action on buying a rental property. With that in mind, I would like to partner with someone and I've heard so many different things to value.
I think it goes without saying that Trust is important, but what else should I value highly? Someone to fill in what I'm lacking? A mentor to guide the way? Someone willing to help financially? Maybe just passion? Does distance matter?
Professional · Nashville, TN · Member since 2015 · 36 posts · 15 votes
10y
There are many advantages and disadvantages to partnerships. The two things that partnerships bring are leverage and delegation of tasks. However, there are many disadvantages too. There can be a lot of back and forth talk with partners without moving forward because one partner has an idea and the other doesn't see the same thing. So I think VISION and ability to adapt to plans are key fundamentals to this successful partnership.