It helps to have great people on your team that are already doing the thing that you would like to be doing. 

How do experienced GPs typically bring on a new co-GP?

This means finding a knowledgeable agent, getting contractor referrals, connecting with other investors, and ensuring your finances are spot on.Let's break these down one by one:Knowledgeable Agent: For your first few deals, you must use an agent or have a very experienced mentor to consult.

It only becomes time-consuming when your subs aren’t experienced or consistent.

A big thank you to the bigger pockets team.

@Ben CaponeHey Ben, since you’re already experienced in rentals, the Midwest can be a great place to buy undervalued properties with solid cash flow and upside, you can focus on B and C grade neighborhoods that often offer strong returns, plus there are off-market deals you won’t see online, the key is building a local team and contractor network to make managing and rehabbing much easier, it’s a lower-cost market with opportunity to flip or hold for steady long-term growth

It will not offset your W2 unless you qualify for REP, but it still helps with cash flow.If you already have experienced people around you, the best thing you can do is go into those conversations knowing the right questions to ask.

To build out a solid team.

LOTS of experienced flippers busting their hard money loans, so that will kill your profits quickly if you pay another origination fee and all your holding costs.

It’s not just about finding deals; the platform helps you analyze them and connects you with experienced local teams.