I saw a lot of people talk about partnering on their first deals, so I'm wondering if anyone could share their experiences and advice on how to find partners as new investor, this seems very daunting. 

Purchase price: $140,000 Sale price: $160,000 Contributors: Peter Vekselman Partner Driven teamed up with Karen Bridges for a fast flip in Shreveport, Louisiana.

One thing I remind clients of all the time: if you don’t plan your taxes, the IRS becomes your silent partner—and usually takes the biggest cut.I’ve seen it happen to investors at every stage:Flippers who crushed a deal but gave 40% of profits away because they didn’t set up the right entity.First-time landlords shocked at how little they actually “took home” once taxes and expenses hit.Multifamily investors who could’ve saved six figures with cost segregation—but never heard of it until years later.1.

Since I have construction experience, he’s interested in partnering with me to build more units.The property originally cost him $600k, and the projected added value is about $2.4M.

Since you’re starting out with partners, I’d focus first on clearly defining your investment criteria and roles within the group.

However, the excluded gain will only apply to the partner that lived in the property.Best of luck!

Find a partner that’s been doing a strategy that you want to do and figure out how to provide value to them.

Quote from @Ed Furst: @Drew Sygit Hey Drew, my partner is originally from the Detroit area and was previously aware of Sanborn Construction, a construction company building tons of properties in the Pontiac area I don't think they are building new construction in Pontiac, but are renovating properties investors purchase.In our opinion, Pontiac would be VERY challenging to build new and sell for a profit.

Partnering with an agent can help, especially if they have investor-friendly experience, but it’s not required.

Quote from @Ed Furst: Hi all, my business partner and I are new real estate investors in the Orlando, Florida area looking to focus on flips, rehabs, and rentals in the Central Florida market.