Partner Wants to be Exclusive, I Want An Open Relationship

[Anthony Wick]

Ok, so I’ve recently begun looking at taking on some partners so that I will be able to do more deals. Mainly buy and hold, but the option of flips could arise in the future. I now have two people that are willing to put up some money. Out of state money partners The plan was, everybody gets a piece of the action, with the bank still financing a chunk. Profits after expenses are split according to who puts in what percentage. Seemed fairly standard. Now, one of the partners wants to do the first deal with just me. Perhaps he’s thinking a bigger profit? Perhaps he has some trust issues? Well, the more I personally spend on the first deal, the less cash I have to go around. So, if push comes to shove, do I go ahead and do a 50/50 deal with him? What if that alienates the other partner, who wants in on a deal ASAP?