Has anyone started a partnership to accomplish their goals?

[Justin Goodin]

Anyone started a partnership to accomplish their goals? Or close on a multifamily deal? What was your experience like? Did you both raise capital? 

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Indianapolis Indiana 

[Ashley Kehr]

Hi Justin. I have two LLC's with partners. My first property I bought was with a money partner. I had the knowledge, did the research, found the property, and manage it. He funded the first property and now we are up to 4 (including a 6 unit). My other partner and I bought a duplex in cash and didn't refinance. We split the cost of the property and the llc pays us each principal and interest each month. I wouldn't have been able to afford it on my own unless I financed it. This partner does maintenance and I do leasing and management. These are two people I trust and we have management agreements in place. My deals were very small less and not huge complexes but it has given me some experience with working with a partner. I would recommend it to get farther ahead.