My name is Nathan Boudreau. The military brought me down here to SA. I got married to my beautiful wife and recently separated from the service. I am currently in the midst of becoming an agent, but I really want to start investing in rental properties as soon as possible. I have a really good buddy that I served with that also shares my goals in investing. I guess my question is, what is a good constructive way to form a partnership with him, are there legalities? Is there a format I can go off of that has worked for other partnerships?
-New Biggerpockets dude
@Nathan J Boudreau - Welcome to BP! I’ve spent some time in SA at FSH for various schools. Great markets down there too.
I just picked up a copy of “Start Your Own Corporation” by Garrett Sutton. In that book he discusses partnerships. That might help point you in the right direction.
Thanks Allan! I'll check that out!
Everyone brings a different strength to the table. Find out what each person brings and objectively analyze that strength. How can you work together to bring each strength together and build a real estate business. You may find that you should each work independently and collaborate on some deals.
Personally, I would work seperately, but stay in touch. If you want to go in on a deal together, just put both your names on the property.
Thanks for all the feedback guys, it really helped!