Any advice on 'partnering' with someone new to do REI deals?

Any advice on 'partnering' with someone new to do REI deals?

Real Estate Investor · San Antonio, TX · Member since 2011 · 14 posts · 2 votes

I realize that having a 'team' works well when the right people are part of that team. In my case, I've done all aspects of the real estate deal in the past - marketing, due-diligence, seeking funds, funding the deal, working w/contractors, selling - and that can be tough. So I'm looking to find the right people to work with or to 'partner' with so I can share the load ... any advice on what has worked for you? Where did you find the right partner? - Thanks.

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  • Involved In Real Estate · Scarsdale, NY · Member since 2014 · 52 posts · 13 votes
    12y

    I would say the most important part about creating a team is being very clear and specific about the desired outcomes of the relationship, the tasks/roles that each person will play in the relationship and how exactly each one of you will benefit from the relationship.

    One of the most important parts of any relationship business or otherwise is recognizing when it no longer works and having an exit strategy.

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