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Updated about 8 years ago,

User Stats

8
Posts
2
Votes
Michael Rodriguez
  • Investor
  • Pompano Beach FL
2
Votes |
8
Posts

Michael Ft lauderdale Fl Gaining information

Michael Rodriguez
  • Investor
  • Pompano Beach FL
Posted

Hello everyone so before getting my feet wet I'm just trying to gain as much information as I can before taking that leap into buying my first duplex. Now referring back to Bp podcast 4. I remember hearing about equity partners in helping with financing a potential purchase. One thing the guest, Frank  I believe his name was said that its always best to use the opm theory.(other people's money) so I get that part which in my head meant financing taking loans of such.which then he combined equity partners and ask would you rather have 100% negative cash flow or would you rather have a 50% cash flow so all in all where I'm going with this is would it be better to share my first investment with a equity partner or just go for it by myself n learn from it being it is my first time I rather share and earn and learn then to be by myself n screw up and be in negative on my first property.