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Updated over 4 years ago,
How to find potential partners for rental property investing
Let me make this clear, I'm not soliciting or advertising on BP,, I'm totally new to the real estate business. I would like to own rental properties, but do not have the time to babysit them. I'm wondering, after using social media etc to search for potential partners to create a joint venture agreement to purchase and manage rental properties,,,,, when I do find a person(s), the real question is How Have Other Successful JVP's worked in the past when people live thousands of miles apart, and they really don't know each other. How is the trust formed to do business together? I know it's possible to have jvp's between two people who live far apart, but, are they flying 3000 miles to meet each other in person etc to hang out for a period of time before committing to a jvp? What's realistic?