To partner up or not to partner up.. 🤔

[Christopher Choy]

Hey guys!

Great to finally be a part of the community here in biggerpockets. I've got a simple question, but am expecting some not so simple answers. It's this: What are the pros and cons of starting out with a partner vs solo?

All opinions are welcome! For reference, it would be two beginner investors in the GTA (Toronto).

Cheers

[Mack Benson]

I am definitely a fan of partnerships. 

All of the high performers I can thing of have really accelerated their portfolio growth after they developed high value partnerships. 

If you are doing it solo you are only beholden to you but if you are in a partnership you are now accountable to someone else too. 

If you are going at it solo you need to be an expert at everything, this is a high improbability of success so it's easier to find a partner whose strength is your weakness which can allow you to further develop your strengths and become even better and stronger. 

Having a partner can also propel you into larger property classes, if you are only relying on your capital you can only purchase what you alone can afford. 

If you are partnered you can afford what you both combined can afford. 

By partnering you can also split the responsibilities rather that you carrying the entire responsibility.