Looking for a Partner for Buy & Holds
Hi everyone! I'm looking to possibly partner up with someone or a group. At this moment, I've been focusing on the Baltimore, MD market; however, I am open to other markets if the numbers make sense. I don't mind being the boots on the ground and/or also contributing capital. I'm eager to get the ball rolling! I've read enough posts where others say that they wished they had formed a partnership earlier in their investing career because they would have gotten out of the "rat race" sooner.
At this moment, I'm looking at purchasing my first buy & hold in Baltimore. It does not need any work other than replacing carpet and it is being sold for $30k. I'm also entertaining a seller finance deal.
To be clear, I am looking for a partnership for B&H's. I'm not 100 percent interested in fix and flips at this time.
Most Popular Reply
I'm in total agreement with you on getting into a good, symbiotic partnership. If I could go back in time a few years, I would have sought out a partnership before taking on certain projects as it would have saved me quite a bit of money and headache. That being said, I still came way ahead and learned a ton, but I feel like I could have done more with less money outgoing.
My main concern is how you find a partner and vet them. There are a few disgusting people out there who are looking for an easy opportunity, so my question to you is: How do you find the right partner and when will you know it's the right partnership?
It sounds like you're on the right track though, for sure.