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Updated almost 5 years ago,
Bringing value to partner out of state
Hi BP community! Thank you for all the answers and interesting forum topics. I truly benefit from all the advice I get on this website.
When I think about the dynamic of a partnership, I always think of the ways I can bring value to my partner.
It is especially challenging when you are young, don't have any savings, barely any experience, and only knowledge from reading books, but no real investing experience. And after asking many professionals of how I can bring value to an experienced investor, who is acting as my partner, most answer through "sweat equity".
Many have recommended taking care of the whole process: finding the deal, doing all the rehab work, managing it, etc. While my partner would take care of the financing side of things.
My questions is: how do I bring value to my partner, in this scenario, if I want to invest out of state?
Since I won't be able to drive for dollars, meet agents to ask them to find me deals, manage the property myself, or do any of the rehabs myself, how can I be of value?