Using other people’s money is key to scaling in this industry, and since you already own three properties and are looking to acquire a fourth, you’re in a strong position to start building relationships with lenders and investors who can help fund your future deals.Traditional banks and credit unions are often the go-to starting point.

It should outline:Capital contributions and responsibilitiesProfit/loss and tax benefit allocationsDecision-making authorityWhat happens if one partner wants outIf you’d like, we can provide you with an LLC Operating Agreement template customized for real estate partnerships, so you don’t have to start from scratch.Setting this up the right way builds a solid foundation for future scaling, protects your personal relationship, and ensures the IRS recognizes both of you as active business participants with tax benefits to match.

This was more affordable, more focused, and built on real relationships and accountability.

@Helen JiangMy colleagues @Stephen Nelson and @Dylan Brown gave you excellent answers. 

Establishing these relationships early can help you sidestep costly mistakes and give you greater peace of mind as your portfolio grows.Wishing you continued success on your investing journey!

You find someone like the person you want to shadow by going to real estate investor meetups for 3-6 months and building relationships.

Because a great tenant is worth their weight in gold.If your resident pays on time, maintains the unit, and causes no drama, a small rent increase could sour a perfectly good relationship.

I started seeing how this could be a perfect starting point: bring value, build relationships, and earn while learning.

Two excellent ones TAA and TAR.   

I started seeing how this could be a perfect starting point: bring value, build relationships, and earn while learning.