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Updated almost 6 years ago,
Best way to Structure a Partnership
So I have no deals done. I'm a brand new investor and I don't have any experience. What I do have is a deal that fell into my lap (some of you may have seen me post questions about it before) that is a hugeee undertaking. It makes me a little wary and I feel like that is deterring me from getting started. I've come across a few creative ways to handle this and monetize it some how. the first option that immediately popped into my head was wholesaling. The only problem is that its off market and the lady is a family friend who would only really be willing to sell to me. The next best thing I could think of would be to bring in a more experienced investor to manage the flip. My question is, what are some of the best ways to structure a deal with a partner as a new investor. I want to work alongside them to not only make money for the both of us but gain knowledge on how they manage the deal so next time I don't have this doubt. Any advice on this type of partnership or any other creative way to handle the property is gladly accepted!