Partnerships and Marketing

[Sarah Miller]

Hello,

About to close on 2 duplexes! Woo Hoo! 4 units will rent for 600/mo, should profit from everything around $1000/mo.  Not a bad start to our business... Anyways, our business plan is buying multifamilies and renting out.  Since we are getting such a great start with these 2 duplexes, we want to keep up the pace.  2 questions:

1. We will not have the significant amount of cash needed to buy another multifamily until next year (considering not much seller financing around here and mostly only conventional financing), what types of partnerships could work for us? Is a partnership a good way to acquire more property?

2. I've seen discussions about marketing but mainly for wholesaling.  Is there a point to marketing if you are trying to find properties to rent out?  What would this entail?

Thanks BP!