Partner or no partner?

[Ron Ramsden]

A little background first.  I have been an investor/landlord many moons ago but wish I knew then what I know now.  I currently have a home and vacation home.  I am also a painting contractor with crews for the lat 19 years, so I do not mind getting my hands dirty.

Story :  One of the GC's I work for and have known for 19 years is retiring and liquidation one property a year.  Last year he sold a 2 family and paid a lot in taxes so his accountant suggested selling another this year and financing it.  We were on another subject and offered a four family to me with a downpayment and finance the rest.  The place is in good shape as I am not worried about the property or the tenants.

Question:  I am very interested in the property and when I ran this by my investment guy he mentioned he was interested and wanted to know if I wanted a silent partner who can assist with money.  He has been very successful financially and is well connected so this might open up future doors if it went down that path.  I have never had a partner on a real estate deal. ( I can swing the down payment and any other monies if needed my self).   The house will be around 500K,

Your input is valuable and requested.  

Thanks

Ron