How to Find a Partner for Multi-Family

Question

Hi,

I am a looking for a partner to invest in a multi-family property in the North Shore, MA area.

Any suggestions on how to find someone?

Thank you in advance.

Best,

Nathan

Corbin Wafford · Answer

Network on BiggerPockets (add investors in your area). Go to your local REIA (Real Estate Investor Association). Go to Biggerpockets.com/events and find one in your area.

Your best bet is to first find people with a mutual interest in investing in RE. Then your next step would be to have a solid business plan thought out before even bringing up a partnership. Have your homework done beforehand could be the difference in finding a business partner and not finding one at all.

John Casmon · Answer

Start by determining what kind of partner you are seeking. Someone with money or someone with experience? What is your expectation of this partner? Sounds like you may want them to have an active role and not just be a money partner. If that's the case, meetups and REIAs are a good place to start. Talk to brokers and other RE professionals as they may be able to connect you with other investors in their network.

Brandon Nelson · Answer

Glad to have  found this current thread. Is there a resource on BP or one you recommend that covers the legal requirements of setting up a syndicate? In the context of the latest BP podcast episode with Grant Cardone, he encourages the boys to use their money to raise other money and buy way bigger properties. We're ready to do that and looking for next steps, requirements, etc. THANK YOU!!!

Benjamin Verrill · Answer

@Nathan Nunley Definitely check out the local meetups. My team and I went to our first one last week up in Lawrence and it was one of the most informative things we've done so far. Connected with some great people and got some awesome referrals. Check out the Events section here on BP!

Nathan Nunley · Answer

Charlie, Corbin,

Got it.  Thank you for the quick reply!

Best,

Nathan

Charlie MacPherson · Answer

@Nathan Nunley  I'd recommend visiting some of the local REIAs.  Also advertise her on BP in the "Marketplace" section.

How to Find a Partner for Multi-Family

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