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Updated over 11 years ago on . Most recent reply

User Stats

5
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1
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Britt Bass
  • North Little Rock, AR
1
Votes |
5
Posts

Family wanting in on next rehab

Britt Bass
  • North Little Rock, AR
Posted

Hey Guys. I am brand new to BP so this is my first question to post. My husband and I are on our second property to rehab and we are investing/rehabbing with a partner (family). Both us and our partners have a basic knowledge/experience in the real estate market and things are going great! The only problem is that we now have other family members that stop by our rehab property and want us to teach them how to rehab. Their only expereince is watching HGTV. They are asking us to partner with them on the next rehab. We all have full-time jobs so not a lot of extra time to teach plus we are still learning ourselves and really like the partners we have. If we add another partner to the mix that minimizes the profit. We could use their money to invest in the next property but I just have concerns...

Any thoughts ??

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