Teaming Up For First Investment

[Andy Pate]

I normally see topics about partnership being a good way to go when you both bring something to the table (1 party brings research and ground work, the other brings money). What if you both bring the same thing to the table, but one of you brings a little bit more to the table. Pros and cons to partnering at this point?

I have a cousin who is in the market for a house. I went on my typical Real Estate rant and it peaked his interest. We both have good credit, saved up capital. The additional thing I would bring to the table is I have been building systems and researching this for quite some time in preparation for my first property (originally to house hack).

• - Any insight into the pros and cons of this type of partnership?

• - If it is wise to partner up, what variables should we consider that are specific to partnerships like this?