Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

235
Posts
67
Votes
Jerry Poon
  • Real Estate Investor
  • Los Angeles, CA
67
Votes |
235
Posts

I want hear your stories on going in deals with partners, good or bad!

Jerry Poon
  • Real Estate Investor
  • Los Angeles, CA
Posted

I have a friend who is interested in going into a deal with me. We are similar people, but I have a feeling that mixing business with friendship isn't the best recipe in the long run. What questions should we be asking ourselves? What issues should we anticipate? What relevant stories do you have?

Most Popular Reply

User Stats

673
Posts
360
Votes
Sam Craven
  • Houston, TX
360
Votes |
673
Posts
Sam Craven
  • Houston, TX
Replied

Jerry, no one else can answer that question except you.  You know yourself and the partner better than anyone here.

Everything else is speculation on our part and wont do you much good.

One question you could ask yourself is: "Would I want to be in a dangerous situation with this person"

Partnerships fall apart when things go bad, try and get an idea for how they handle things with the crap hits the fan.

Loading replies...