What is the best way to partner with someione to buy real estate?

[Otis Clayton]

I am looking to partner with someone and when I find them , I wanted to know what is the best strategy to partner with them? What bylaws should I consider and what business strategy should we implement?

[Tim Delaney]

The first place you should start is why do you want a partner? What do you bring to the table and what do you need from a partner?

Nothing wrong with partnerships - I have used one to scale way faster than I would have on my own because he brought skills I didn’t have - but if you can do a deal on your own first to get a better understanding of the entire process it may help you identify what you need from a partner and what types of things should be in the operating agreement.

As for the operating agreement, be sure you sit down with an experienced attorney who will help go over the dozens of scenarios that may come up and how you would like to handle them.