How to find potential partners for rental property investing

How to find potential partners for rental property investing

Member since 2020 · 7 posts · 0 votes

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?

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  • Real Estate Agent · Ontario, Canada · Member since 2020 · 21 posts · 9 votes
    6y

    Hey Curtis would love to chat with you about this and see if you ever got any answers to your question. 

  • Investor · Malakoff, TX · Member since 2017 · 2k+ posts · 2k+ votes
    6y

    Only way I'd ever consider doing something like that is if I happened to already know someone. I'm not going into something like that with someone I don't know.

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