Partnerships.... Eh... Not convinced the Headache is Worth it....

[Nathan Gagliardi]

I've been doing a lot of learning for the past month and so being introduced to Bigger Pockets and am very excited to start making some moves. However, I don't have the capital yet for a down payment and such so I've been looking into partnership opportunities where someone will front the cash for down payment and renovation and I handle the rest. Though, after looking through how some partnerships are structured through paying back using balloon payment options or equity or cash flow percentage, I haven't been convinced this is better than doing it all myself. I feel it honestly will be better to wait till I can do it all myself and learn new ways to accelerate my savings for my first investment property. Any objections to this way of thinking? Does anyone absolutely love partnerships and have a strategy that you would like to share that maybe will change my mind and put it to ease? I am still green to this so I am all ears.

Thanks!

Nate

[Joe Villeneuve]

Originally posted by @Nathan Gagliardi:

@Joe Villeneuve can you give me an example in regards to those three reasons why to have a partner?

1 - ...can't do example - Financing, rehab management, analysis, etc...

2 - ...don't want to do.  This can be anything.  If you don't want to do it, you won't do it well.

3 - ...shouldn't do.  Just because you can do something, doesn't mean you should do it...like doing the rehab, or property management yourself.