Interesting Partnership scenario/creative financing

[Tanner Marsey]

Good afternoon. I had a question about partnerships/creative financing (sort of, maybe...?)

I am looking to expand my portfolio here in the next few years. I Have a W-2 job that I absolutely love and have no desire to leave for about 20 more years, which will put me at age 51. I make a comfortable living and easily support myself and young family and am able to save some money to invest on a regular basis. Which leads me to my question....

I don’t care about seeing a return on my investments until I retire. I will take a pension upon retiring but it will be significantly less than what I currently bring home. I am looking to supplement my early retirement with real estate. I am trying to come up with a scenario/structure that would be beneficial for me in the long run, as far as not taking profits in the immediate future, and beneficial for a partner in the short(er) term.

Will it get too messy as far as exit strategies? Ex. They want to sell I want to hold. They want to leverage, I don’t....

Hopefully I phrased this question in an understandable manner. Any examples, suggestions, help or criticisms are welcomed with open arms. Thanks in advance!

[Joe Villeneuve]

There are 3 reasons, and only 3 reasons to form a partnership.  First, these are NOT one of those three:

1 - Relative or friend wants to be a REI, so you do it together
2 - Your future partner does the same thing as you, so you can relate to eachother.

There are more, but here's the 3 reasons to form a partnership:

1 - Your partner does something important that you can't do.

2 - Your partner does something well that you don't want to do.

3 - Your partner does something you shouldn't do.