Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

64
Posts
5
Votes
Glenn Barlow
5
Votes |
64
Posts

When to partner - or not

Glenn Barlow
Posted

Looking to get some input from the BP community on 'investment partners'. Right now, I am scaling pretty well, (started with 2 units in January and growing to what will be 63 units by October), but the idea of a partner keeps coming up on BP podcasts and also other YouTube channels. 

i definitely want to scale as fast as I can, but is it best for me to just keep going as I am, or to start to take on partners/investors who can help grow faster - but with the caveat of having to give something up (control/profits) at the same time. 

Any input would be greatly appreciated! Thanks BP fam

Most Popular Reply

User Stats

13,378
Posts
19,411
Votes
Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,411
Votes |
13,378
Posts
Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

There are only 3 reasons to form  partnership.  If the potential partner doesn't fit into one of the 3 reasons, don't partner with that person.  The 3 reasons are:

1 - The Partner must do something you can't do.

2 - The Partner must do something you don't want to do.

3 - The Partner must do something you shouldn't do.  Just because you can do something, doesn't mean you should.

Loading replies...