Partner Real Estate Investing
Hello everyone!
My fiancé & I have been pooling in our savings together for our own real estate investment for the past 5 months and have a goal to begin sometime after 12 months of saving (so far so good). I have a good friend whom I went to college with and has a good chunk of funds right now. He is now interested in doing a deal with us and I'm a bit hesitant because involving another party I'm sure can get complex. However he does have the funds and he could definitely help get the ball rolling faster. Any ideas on the best way to go about this?
Quick facts:
- My fiancé & I live in ATL, GA, he lives in Minneapolis, MN area.
- At the end of 12 months, my fiancé & I plan on having between 20-25K. Right now we have about 10K. Friend has 30K right now.
- No previous real estate experience, only knowledge I've researched for the past year
- All in our mid 20s, stable jobs (friend is in med school only)