Hi everyone! I'm looking to possibly partner up with someone or a group. At this moment, I've been focusing on the Baltimore, MD market; however, I am open to other markets if the numbers make sense. I don't mind being the boots on the ground and/or also contributing capital. I'm eager to get the ball rolling! I've read enough posts where others say that they wished they had formed a partnership earlier in their investing career because they would have gotten out of the "rat race" sooner.
At this moment, I'm looking at purchasing my first buy & hold in Baltimore. It does not need any work other than replacing carpet and it is being sold for $30k. I'm also entertaining a seller finance deal.
To be clear, I am looking for a partnership for B&H's. I'm not 100 percent interested in fix and flips at this time.
What are you missing that you need from someone else?...if you can do both the financing and the work?? What are you looking to gain through a partnership exactly?
@Jeffrey H. , simple..... SCALABILITY. You can buy more and do more when you have a team.
I'm in total agreement with you on getting into a good, symbiotic partnership. If I could go back in time a few years, I would have sought out a partnership before taking on certain projects as it would have saved me quite a bit of money and headache. That being said, I still came way ahead and learned a ton, but I feel like I could have done more with less money outgoing.
My main concern is how you find a partner and vet them. There are a few disgusting people out there who are looking for an easy opportunity, so my question to you is: How do you find the right partner and when will you know it's the right partnership?
It sounds like you're on the right track though, for sure.
Hi Candace, would you be interested to meet somewhere in Nova, maybe McLean or Alexandria next week? We can discuss our goals in person. Please pm me if you are interested.