Joint Venture vs “Finders Fee” and Prooerty Managment

[Kris Bucci]

So we are new to the partnership side of things. We have managed our own 6 properties for over 10yrs and have engulfed ourselves in self teaching and research. We recently secured a property in hopes of finding a money partner, with us being the working partner. No money in. We found someone extremely interested in the property, but he asked why would I partner with you, when I would rather pay you a finders fee and hire you as a PM vice giving you equity. When I sit back and think of it, what I’d do as a PM once the home is purchased doesn’t differ much from what I would do as working partner. What have you answered to this question? How to you convince them that partnership is the way to go?