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Updated almost 6 years ago on . Most recent reply

Reid Frohlich's profile image
Reid Frohlich's profile image
Reid Frohlich
  • Rental Property Investor
  • from Garden City, KS
  • Member since Mar 1, 2016
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Reid Frohlich's profile image
Reid Frohlich's profile image
Reid Frohlich
  • Rental Property Investor
  • from Garden City, KS
  • Member since Mar 1, 2016
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Reid Frohlich
  • Rental Property Investor
  • Garden City, KS
5
Votes |
19
Posts
Buying & Selling Real Estate

Partnering with contractors

Reid Frohlich
  • Rental Property Investor
  • Garden City, KS
Posted

I have been using the BRRRR method for about 5 years before I knew it had a name. I am interested in partnering with a plumber, electrician, HVAC, and general contractor and giving them each 10% ownership in each property in exchange for their work on the rehab portion of the strategy. Thoughts?

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Scott Jensen's profile image
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Scott Jensen
  • Financial Advisor
  • from Blaine, MN
  • Member since Aug 6, 2014
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Scott Jensen's profile image
Scott Jensen's profile image
Scott Jensen
  • Financial Advisor
  • from Blaine, MN
  • Member since Aug 6, 2014
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Scott Jensen
  • Financial Advisor
  • Blaine, MN
387
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477
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Scott Jensen
  • Financial Advisor
  • Blaine, MN
Replied

If I were an electrician, plumber, or HVAC contractor I'm not sure I want a 10% stake in someone else's rental property.  What is the benefit to them?  Are your rentals paying a lot of cash flow?

  • Scott Jensen
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