Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

107
Posts
33
Votes
Brendon K.
  • Real Estate Agent
  • Los Angeles
33
Votes |
107
Posts

Any tips for someone going into a partnership?

Brendon K.
  • Real Estate Agent
  • Los Angeles
Posted

So i went to a meetup for the first time last week. Learned a lot, but at the end I talked to the guy putting it on. He wasn't really spammy throughout the conversation but I found out he has done a few partnerships for flipping to get people started. He seemed like he really knew his stuff, spoke the bigger pockets language (which I checked and it doesn't look like he's one of "us"). His investment company is here: 

http://www.homesforthewin.com/

He's said he has done over 30 flips in the last three years but I don't really know if I have a way to verify that.  There was another guy at the meetup who said that he's doing a flip with the meeting leader in San Antonio, an hour or two away from where I am in Austin. 

I asked him about his teamups and he said he can do them however I'm comfortable. I could find a property and he could pay a wholesaling fee. I could pay for the whole thing and we could split the profits and I could see how he does it directly.

It's *exceptionally* difficult to get into Austin flipping without someone helping you out. Too many variables here. I definitely don't want to get into a bad situation. Any advice?

Loading replies...