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Updated over 5 years ago on . Most recent reply

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Trey Read
  • Newark, OH
7
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28
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Partner or not to partner

Trey Read
  • Newark, OH
Posted

Hello BP!

I am trying to decide which direction to go with my initial investment.

I’m 26, I’m 100k liquid and I’m eager to get started.

I’m a full time commercial construction superintendent with some flipping experience but no buy/hold experience.

I expressed my desire to start RE investing in multi families, to a guy I’ve done several side projects for.

A few days later he reached out and wanted to know if I’d be interested in partnering on a deal.

He has a couple small SFHs he rents out (he’s never done a multi family) and he would also be the main source of capital for the deal.

We would be looking mostly in the central Ohio region.

My question is IYO would I be better suited to partner with someone like that, or start smaller with my own capital and be on my own?

Just looking for some shared experiences. Thanks!

Most Popular Reply

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5,593
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6,588
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Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
  • Real Estate Agent
  • Columbus, OH
6,588
Votes |
5,593
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Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
  • Real Estate Agent
  • Columbus, OH
Replied

@Trey Read Why not do both? I did my first 3 deals with my college roommate. Then I purchased my 4th one myself. I plan on partnering with clients in the future. You will eventually run out of money and have to start partnering.

  • Remington Lyman
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