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Updated over 1 year ago on . Most recent reply

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Advice on partnerships!

Austin Rodriguez
Posted

Looking for any and all advice on finding and having someone partner on a deal, new to the real estate game and need some guidance as well as someone to help fund a deal, I do not have enough funds for hard money, Any and all advice is welcome and appreciated.

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Caleb Brown
  • Real Estate Agent
  • Kansas City
2,368
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Caleb Brown
  • Real Estate Agent
  • Kansas City
Replied

What do you bring to a partnership? Also what would that other person bring? You have to consider this. If you are new and haven't done a deal why would an investor want to partner with you? The only thing you could bring to an investor is your time. Yes that can be beneficial BUT an investor with funds can just pay a GC or project manager to manage a deal. Before branching into a partnership I would A) Build your funds, work on having a nest egg B) Build your credit C) Consider doing a house hack. A house hack would start your track record and give you a lower bar for entry. After you do 1 then you have a deal to help leverage into another. It'll start to compound on itself. You can also work for someone in real estate. You'd get paid and learn. 

  • Caleb Brown

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