Advice on finding partners to enter real estate

[Lance Burt]

Hi all,

First time post.  I'm looking for advice on entering the real estate investing world through joining an experienced partner(s).  My background is in Investment Banking and Private Equity, and I bring strong experience in financial modeling and analysis of large/complex transactions.  I am looking for somewhat experienced partner(s) who could use the additional manpower and technical background to navigate deals.  I would love to be hands on throughout the entire process, but also take the opportunity to learn alongside someone who is more experienced in this space than I.

Has anyone done this?  Is this a practical entry into this space?  Thank you.

[Bryan S.]

From an entrepreneur class I took at Columbia, the professor spoke about how JVs are one of the best way assure success, find someone who has the oppose skill sets. And in regards to equity, the allocation is based upon: 

1. Skills bringing to the table

2. Equity contribution 

3. Future value to be provided 

4. Sweat equity 

5. Knowledge in the space

Then building a distribution that fits the 5 above accordingly.

From the Real Estate meet ups folks I’ve spoke with on the topic, keep it simple and do it 50/50 and figure out the responsibilities ahead of time