To partner or not to partner

[Justin Kramp]

I have a friend who comes from money but due to not having a job (living the good life) he can’t get a loan. I have good credit, a job, and can get a loan pretty easily.

We both want to get into BRRRR and he can provide funding for downpayments, rehab, etc before refinancing.

Neither of us can do it alone and need each other’s financial “perks” to succeed.

From experienced investors, what are your opinions on partnering for a deal like this and splitting profits, seeing if it all goes well, we tackle another?

Thanks!