Investing with a business partner

[Mary St.Clair]

I would like some feedback on how members have formed partnerships with another individual to invest in SFH and/or small multi family units. Legally and/or logistically what has worked. Who brings what to the table?

I have one SFH that was financed thru a private lender. I am currently working on my second deal so I am a newbie in the game!!

[Mary St.Clair]

Thank you for the feedback. I am in the small town of Roanoke Virginia. The housing market here has been pretty hot in regards to properties going on the market and selling hours to a few days, at the price point that I am looking for. I have been thinking outside the MLS in regards to finding a good deal. While looking and getting the financial part lined up I have totally emmeresd myself in all the education I can get other than hands on learning.

Going thru private lending was, to be honest, really simple.  It was thru a family member (a good relationship already astamblished) who has been a really big part of my support team as I start this journey.   

Mary