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Updated over 5 years ago on . Most recent reply

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Trevor Aydelott
  • High Desert, CA
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Working with Realtors as Co-Investors

Trevor Aydelott
  • High Desert, CA
Posted

Now I've been doing flips and buy and holds for years by myself. I now venture out of my own state. 

But I'm thinking that it could be beneficial to working with realtors in other states and co-investors. 

How do you deal with that? Have you done that? 

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Jonathan Greene
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

Why do you need them as co-investors? If you do that, you have one party to the deal (them) who now gets more out of the deal than the other (commission on the buy and list), but also has to do more of the work if it's out of state. If you've been doing flips and holds for years, what's the add for you by taking on an unknown partner in a new location? You can certainly find a local agent who can assist with on-ground looking and more, but I just don't see the point of adding them as a partner in a deal.

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