Looking for pros/cons of Partnerships...

[Ryan T.]

Hello, I am looking for insight from experienced single family and flip investors in regards to partners. Is there a time when there are too many partners?

As an example, three partners that all bring something to the table that can help the business. I am aware that everything you acquire is split in three, but the idea that this is long term and about re-investing into other properties. And everyone has had long term careers and is not dependent on the cash flow to survive, only for the business the thrive...

Just curious if anyone has been down this road and the pros/cons you would like to share?

Thank you!

[Mike Dymski]

Partnerships are best when each partner brings something to the table that the other partner does not have in the form of money, experience, or time.  I personally would only partner with someone much more experienced than me or a capital provider; otherwise, there is no value to the partnership...just complexity.