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Updated almost 10 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • Tinton Falls , NJ
15
Votes |
55
Posts

I just closed on a property with another BPer as a partner

Account Closed
  • Real Estate Investor
  • Tinton Falls , NJ
Posted

Hello all, I just had a double closing on a property with another BPer. What a pleasure and honor to work with someone as passionate as I ( I am humbled to say maybe more than I).

The deal offered us instant equity to which we cashed out some funds to do another project together on a refi after the initial closing. We have plenty in the bank left over to complete the reno to which an inexperienced investor walked away from to create a profit on the flip which is going to be icing on the cake... 

It all started when my significant other started a discussion with another BPer (she never knew) and I then became slowly involved and wooolaaahhh 3 months later and I have a partner with the same passions and zest for real estate as I.  Yes we come from very different worlds (them corporate america and I more blue collar). But it worked... 

So to others I suggest going to REI meet ups, Share here on BP and you never know what rewards might become of it... Lastly, I would remain cautious but diligent, Cross your I's and T's, do things with an attorney but most of all keep your eyes, heart and soul open for opportunities... Analysis paralysis almost killed the whole thing but we remained vigilant and focused all the way to the bank....

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