Risk Tolerance for BRRRR/ Fix n Flip
Good morning BiggerPockets maybe you guys can help me with an issue I've been thinking about for quite some time.
I have a partner who is interested in either the BRRRR method or fix n flip depending on the individual house. He owns real estate but has never done a full rehab (same as myself). I think at this point he's stuck in analysis paralysis and I cant seem to get him out of it. He's very concerned with the quality of the contractors, market up and down swings, house being able to sell etc. I tried to present solutions like verifying contractor references, multiple itemized bids and different agents and PM opinions on the current market state but every time i present a solution he thinks of something else. They aren't unrealistic issues/concerns but I feel he wont pull the trigger unless he's 100% sure there isn't a risk and in his principle and in real estate there isn't such a guarantee. What could I do different to help with my cause and gain his confidence or instill confidence in him?
How would you convinvce