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Updated about 6 years ago on . Most recent reply

User Stats

61
Posts
25
Votes
Mathew Zorn
  • Rental Property Investor
  • Virginia Beach, VA
25
Votes |
61
Posts

Starting a partnership

Mathew Zorn
  • Rental Property Investor
  • Virginia Beach, VA
Posted

I have a friend that I am wanting to go to and seek funding from him. He stated he wants to save $50-60K each year for his kids college. So I want to approach him and seek a partnership from him but protecting myself as well. He has some issues with the law over three years ago that he is still waiting to see if hes going to go to jail over.... He is meeting all the requirements from the team that he has to meet. I cant go into futther details than that but is there a way to seek partnership wth him but still protect the assets that we own together and that I own separately by going into a partnership agreement? 

Most Popular Reply

User Stats

6,241
Posts
3,800
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Aaron K.
  • Specialist
  • Riverside, CA
3,800
Votes |
6,241
Posts
Aaron K.
  • Specialist
  • Riverside, CA
Replied

@Damaine Senior @Mathew Zorn wholesaling is not easy, and in most cases not cheap.  It is more of an advanced strategy than people realize.  If you have revolving debt at a high interest rate paying it off is probably the best investment you can make.  

I feel like I'm shouting into a void.      :)

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