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Updated over 1 year ago on . Most recent reply

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21
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12
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Thomas Ackley
  • Rental Property Investor
  • Milwaukee, WI
12
Votes |
21
Posts

System to manage a development / partnerships

Thomas Ackley
  • Rental Property Investor
  • Milwaukee, WI
Posted

I have a few developments in the works. Each development has its own entity and partnership structure. 

I am looking for a best practices as it relates to systems used to manage all of this. My partner recommended Invest Next. 

Even though I have good deals in the works, we are still in the beginning phase of a lot of these. The $4000 start up cost seems high and I am not sold on the value the system would bring for the projects. Would Google Drive combined with Slack, Monday or some other project management / communication system suffice for several partnerships with several different entities? Is a system like Invest Next the best practice for structuring and managing partnerships like this? 


https://www.investnext.com/

Most Popular Reply

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5,037
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4,678
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Taylor L.
  • Rental Property Investor
  • RVA
4,678
Votes |
5,037
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Taylor L.
  • Rental Property Investor
  • RVA
Replied

Do you have passive investors in the deals or are you all active partners? If you have passive investors, a portal like InvestNext is worth it. I use InvestNext and I see a LOT of other people moving their portals over to InvestNext as well.

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