How to partner on buy and hold?

[Jeff Macdonald]

Greetings! New investor here.

My competitive advantage is that I have some capital and am motivated to market/hustle for leads. I am interested in buy and hold investing with BRRRR. I'm missing the project management/contractor skills and experience. I am attracted to having a knowledgeable partner do the project management side of the rehab. I want to avoid paying hourly wages for a project manager, seems like a partner is much more likely to work well. Seems like it is much easier to partner with flipping than long-term buy and hold, since you have quick (hopefully!) sell date and can split the profits.

Anyone out there have experience/ideas to share related to this? Anyone used an appraisal to determine property value and splitting profits? Thanks!

[Jean-francois Ndomb]

@Jeff Macdonald It is very recommended to start educating yourself on General construction basics to start and eventually cut off the Project Manager when you have a strong grip and experience on how to deal with contractors and manage your own projects. I was a full time professional Assistant project manager in my last job and i am sure with experience and persistence you will get to that stage. And again, even when staying on the financial side of things, I'd want to be aware of what is going on with my investments. Best of luck in finding a partner, good ones are hard to find, especially the hard working ones.

JF