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Updated over 7 years ago,
Partnership or Solo? Question regarding my first deal.(St. Louis)
My goal is to save up $10k to invest with two partners. One with access to experience, one with access to money, and me with time to work, analyze, and learn. Would I be better off:
1. Taking my $10k to buy a duplex to house hack via FHA loan (and if so is 10k enough?)
2. Using a partnership to buy a better property (higher ROI?)
3. Using a partnership to flip a house to build capital for my own rentals.
My goal is to own multifamily properties (2-4 doors for now) and I want to get started sooner rather than later.
I'm 23 year old recent college graduate and so far my only experience comes from podcasts, books, and conversations. This is my first post so any advice would be extremely valuable! Thanks!