How do partnerships work?

[Adam Lang]

Hi everyone, can anyone tell me the best way to structure a partner relationship? I have found a couple properties that would be decent buy and hold properties but I don't have enough money to cover the down payment and some minor repairs that may be needed. I am preferably looking for someone who has money to invest but I am not sure the best way to structure the deal so that it would be a win-win for both of us. Thanks for any advice. 

[Josh C.]

@Adam Lang

I’d be very hesitant to jump into bed long term in a buy and hold with someone I didn’t really really know. A flip is one thing and over and done in 6 months or so, but buy and hold could be 7-10 years. If you can get a second job and save up or a big value add I’d go that route before partnering with a random.

Good luck.