Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

15
Posts
2
Votes
Derek Parks
  • Investor
  • Atlanta, GA
2
Votes |
15
Posts

How to protect property from a partner in a shaky relationship

Derek Parks
  • Investor
  • Atlanta, GA
Posted

Hi BP'ers,

I have a buy-and-hold property that i would like to include a partner in the deal.  He is married with children and conveyed to me that the relationship has been rocky recently.  His concern with going in on a deal would be the pain it would cause me and/or the property in the event he goes through a divorce.  His plan was for me to have a contingency plan to buy him out if his marriage goes sour.  But if I had that money, i wouldn't need a partner!

 What creative ways are there to protect me, the property, and my partner?

Most Popular Reply

User Stats

7,695
Posts
7,859
Votes
Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
7,859
Votes |
7,695
Posts
Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
Replied

The best way would be to not partner with him

Loading replies...