How To Acquire a Partner As a New Investor
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!