BRRR Partnership Strategy

[Mark Marino]

Hello, 

I'm just curious if anyone has had luck with structuring a partnership for BRRR investing, especially in the S.Texas area. I'm intrigued by the idea of utilizing BRRR but I'd prefer to partner with someone who has the experience and hustle to manage the process from sourcing to renovation to property management in exchange for a fixed fee or slice of equity and cash flow (without having to commit upfront funds to the project). I know I'd be giving up some of the value but I'd be okay with that if it was a mutually beneficial partnership that could be scaled with revenue sharing throughout the rental period and on any upside from a refinance or sale. I guess this would be similar to turnkey investing (e.g. roofstock) but at a more localized level with more of a partnership on the back-end (refi/sale).

Interested to hear if any others have gone down this path as I'm sure it has various pros/cons.  

Thanks in advance!

Mark