Investing with my Father

[Jeff Ostrander]

Hello fellow investors, 

I'm fairly new to real estate investing but currently have 6 units under contract. I have made some great contacts and have really enjoyed the process so far. 

My dad is a very business savvy person who is looking to retire in the next couple of years in his early 60's. We've discussed doing some real estate deals together but I've been hesitant to lock him into long term deals that I'm looking for when he's obviously needing something that produces more in the short/mid term. 

I think it'd be really beneficial to have him on board though because he's very handy and is very skilled at working with people. What are some options for investing in real estate that would be of maximum benefit to both of us? Ideally something that would provide him income over the next 20 years of retirement yet be a good investment for me when I look to retire in 20+ years.

Thanks!

Jeff

[Leah Slaughter]

There's no reason you can't each buy your own properties and still work together and utilize each other's strengths. You can then pick what fits you best - perhaps a longer term hold, something more stable to start and not going to require a lot of time investment and easy to sell if/when the time comes. Your father may prefer a value play with work needed for the potential of a shorter term gain and sale with equity - just remember than in retirement, consistent income is very important so only shorter term projects may not provide that for him and are certainly higher risk.