Finding an investment partner

[Hunter Lisk]

I was just wondering where you more seasoned investors would recommend finding a partner. I’m new to all this so I feel like I don’t have very much to bring to the partnership which will make it hard to find anyone

[Will Fraser]

Hi @Hunter Lisk!  Welcome to the Bigger Pockets community!  As @Brandon Turner and @David Greene mention on the podcast frequently there are at least three parts to every deal

• - The Deal (finding it)
• - The Execution (overseeing the work, managing the property, etc)
• - The Funds 

If you don't have any of these then you really don't have a valid reason to be in a deal. Fortunately, though, each of these is pretty simple to come by (though the Execution is probably the most allusive and hard won). If you don't have money and aren't a skilled executor, you can go Drive for Dollars, doorknock run-down homes, pull mailing lists and mail the owners, and do at least a dozen different things to find a potential deal. Then, once you've found a potential deal, an executor (a seasoned investor in your area that you met at a local REIA meeting or on BP, for example) could walk you through analyzing the deal and, if they like it, you may have just found your first partner. Then, you find one other person to Fund (which could be a person, a retirement fund, a bank, a hard money lender, etc) and you've got the ingredients to a great partnered deal!

If you don't have a deal but you do have the ability to earn a high income through a job, then hunker down and live as frugally as possible and then you'll be the Funds in the equation.

After you've sourced or funded several deals, you'll have the exposure to jump into the Execution seat and quarterback a deal.

Go get it, Hunter!