Partners or no?

[Drew Dordan]

I'm interested in doing a flip in the Portland OR/ Vancouver WA area and I'm curious if anyone suggests pulling my money together with another partner to cover the costs. I feel like theres so many different costs associated with flipping a house that bringing in a partner to split the profits with after everything has been paid out might not the best idea. Please vote your thoughts or previous experience, thanks!

[Austin Youmans]

Nothing wrong with partners. Just be clear and put each others roles in writing. Try to be specific as possible such as who pays for what and what happens if there is an unexpected expense, who deals with contractors, etc.