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All Forum Posts by: Stephanie Hess

Stephanie Hess has started 0 posts and replied 3 times.

Post: Partner with a contractor ?

Stephanie HessPosted
  • Real Estate Agent
  • Allen Park, MI
  • Posts 3
  • Votes 6

You might feel bad at first but if you care anything about your friendship, let alone BOTH of your partnership, YOU should get separate contractor or Contractors. Take the advice darlin.

Post: Partner with a contractor ?

Stephanie HessPosted
  • Real Estate Agent
  • Allen Park, MI
  • Posts 3
  • Votes 6
Originally posted by @Andrew Syrios:

If you can, I would just deal with contractors on a case by case basis. There isn't a good reason to split the equity with someone unless you need the money or you they are expert investors and you would like to leverage their time (this is only for investors with money). Otherwise, you should do the deal yourself and simply hire contractors on a job by job basis.

 I AGREE!!!!!!.

Post: Partner with contractor 50/50?

Stephanie HessPosted
  • Real Estate Agent
  • Allen Park, MI
  • Posts 3
  • Votes 6

I have done many business deals with friends and family and a word of advice, if you plan to keep him as a friend don't partner up. it will seem amazing and really awsome at first but it almost always turns into a disaster. Then your friendship is gone right with it. I have tried and tried to many times to help friends and family and it never worked out in the end. I regret every bit of it. if he is a partner in suggest you obtain a differant contractor. It will save your friendship aswell as your business. Best of luck. Blessings!