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Updated about 5 years ago on . Most recent reply
Partner or not to partner
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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@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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