Finding a partner? How would you go about it?

[James Robert]

Hey guys -

So say I had 60k to use, and i wanted to find someone who is also willing to put down 60k to meet 20% down a 8 unit 600k deal or so. Generally speaking - How do you find this partner? How do you screen them? Would you rather it be a friend or strictly business relationship?

I am a realtor, i can buy a house once a year and take a full 3% on a personal deal from my brokerage. I can sell my single family house and take home 50-60k. I think I am going to get a condo or a new place on a FHA loan loan, have seller pay closing costs & put down my .5% to acquire my next personal residence and put my money to work.

Please let me know how you would go about the partner situation.

Thanks!