Trying to figure out a partnership

[James Myers]

To partner or not to partner

Me:

Two homes one paid off and the other leveraged.  Need capital to buy more homes

Possible Partner:

No homes but a good amount of money and wants to get into buy and hold.  He will be retiring within the next 8 years and wants a good passive income.

What would a partnership look like and what is the best way to go about setting this up? 

[Arpan Patel]

Agreed. We employ the BRRRR strategy and keep rotating capital. You could do the same and we do split 50/50 with investors. You could also try flips after a while and keep that rotating as well. There is more risk for that type of investment though but nonetheless it is a recurring model. Also, maybe ask what returns he is looking for and maybe just purchase a MF and see if that resulting cash flow would satisfy his needs then make that the target and walk down that path. Probably start with what he wants and then find either the most effective way to get there right away or take the longer approach with other strategies or a mix over time and try that. Many options on the table for you.