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Updated over 8 years ago,

User Stats

86
Posts
6
Votes
Hae-Yuan Chang
  • Investor
  • Orlando, FL
6
Votes |
86
Posts

How To Acquire a Partner As a New Investor

Hae-Yuan Chang
  • Investor
  • Orlando, FL
Posted

Hello BP!

Hope you all are doing well. I just got my first property (yes!) and am trying to acquire a second. 

The thing is, I came right out of school and do not meet the 2 year income requirement for lenders. Also, my property cashflows, but won't be substantiate a worthy debt to income ratio. So, I have decided that partnerships are the way to go for now, until I can have loans under my name. 

My question is, as a new investor, how do I approach potential partners? I can foresee some doubt from potential partners because I only have one property and I'm only 22. So, I want to do what it takes to make up for it. For example, does marketing presence help (websites, business cards)? Or will a handy BP rental analysis usually suffice? How does one approach somebody about a possible partnership? Thank you everybody!