Mentor willing to Partner, but HOW??

[Nick Burkhardt]

BP Community,

I recently bought my first multi-family property (3-unit, living in one unit renting two), and during the process my broker, and really became my mentor. He owns 15 multis and has the expendable income to make moves when he sees value. He has taken a liking to me and was impressed by my research and excitement to get into the REI game (largely thanks to BP!!). He told me the other day that if I ever wanted to partner on a project, to let him know, because he would be down. This was super exciting for me, and had my wheels turning!

The problem is I haven't been able to understand (or know where to look) what deals are possible, or which he would be interested in doing with me. I have energy, focus and time on my side; he has the money and experience. I'm wondering, what are a few idea starter scenarios I could begin to dive deeper into understanding? What deals could we make that would be mutually beneficial? How can I use this great opportunity to advance my current cash flow and expedite new investments (faster than waiting for 20% equity to be built in my 3-unit)?

Thanks for always being a great resources for ideas and information!

-NEB

[Alina Trigub]

@Nick Burkhardt Congrats on buying your first property! 

I would ask the broker as to how does he see the partnership work? Also ask him about his current pain points? He may be taking care of some things that he really doesn't care much to do but doesn't have anyone to back him up or didn't trust anyone until he met you?! So just sit down with him face to face and have this conversation to understand how can you bring VALUE to a partnership with him.

Need more ideas, feel free to PM me.

Best of luck!