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Updated about 11 years ago,
Partner has 20k wants to invest
Hey all, I have a perspective partner looking to invest $20k in the next few months, and is wanting to get into real estate. He wants to get into buy and hold, but is interested in partnering up. Right now I don't have the funds to match, but do know the market better and have a solid understanding of the basics.
I want to make this work of course but he seems interested in shorter term, which makes me think of a flip, rather than a long term hold partner.
Obviously this is his money and I need to work with what he's comfortable with, and he's being very flexible, I just don't know how feasible a 50/50 split will be on a smaller property. If it was a larger balance I could just finance the whole property, but since it's not, I will still need alternative funding