New Investor Partnership in Atlanta market

[Ryan Duquette]

Hi Everyone!

I'm looking for some advice.  I am considering starting a real estate partnership business in the Atlanta area (hold or flip) but would like if someone could outline at a high-level the preliminary steps involved starting with task #1 and moving forward kind of like a roadmap.  I would like to understand which partnership structure to choose and why,  who to contact to start a partnership (real estate lawyer etc...), and if finding financing options must come after the partnership is established. Again just looking for someone to help outline the starting points.....many thanks in advance.

[Mitch Messer]

Hey @Ryan Duquette! What contributions would the various partners bring to the collective? Not to discourage you, but rarely are partnerships the ideal structure for beginning real estate investors, in my experience.

For example, often one partner wants to do all the work and the other has the money. In such a case, letting that first party create their own entity and then securing the second party's investment separately is generally cleaner, simpler, and far less expensive to set up and manage.