Questions/advice re partnerships

[Account Closed]

Hi everyone! I'm completely new to real estate. I have 40k cash to invest. My job takes up a lot of my time and I am hoping to find a partner ideally in the Bay Area to strategize and invest with who can be on the ground while I work. When I do have the time, I'd appreciate learning from them and doing whatever it is I need to do to add more value to the partnership.

I've heard many times that people find partnerships through meetups but given the current circumstances, how are people finding partners outside of BP nowadays? If you were me with limited time, what would you do to get started in RE? Also, are experienced investors even open to partnering with new investors? I imagine there is a lot of guidance needed that could be burdensome. Thank you!

[Arlen Chou]

@Account Closed welcome to BP. First rule of public forums, not just BP but all forums, "don't tell people how much money you have". There are a ton a sharks trolling the forums looking for money, so be careful. 

Real estate is basically a 3 legged table: time to work, money to invest and knowledge to contribute. Many will say that a deal to share is a forth leg, but I feel the deal is found in the "time" or "knowledge segments. 

What you should ask yourself is not where or how to find a partner, but if you will be a good partner. If you can honestly say to yourself that you will be a good partner, people will find you and you will be able to figure out who are the honest players and who are the sharks. BP is a great place to find people. Read other people's posts, and post thoughtful comments. It takes time to create a "name" for yourself, but I promise you that if you do it right you will find people to deals with and people will also find you.

Just remember the first rule, and don't be to eager to let it out of your hands. I wish you the best of luck on your journey.