Having an investor on your side to help you start

[Blake Hrabal]

Ive been saving up to purchase my first primary residence while writing my business plan and educating myself on rental property investing.

Today someone close to me said their interested in investing in me. The first thing I thought is REI and using the opportunity to get a proactive start. This person also is a GC and has tons of construction experience and knowledge, someone you would want on your team.

I was going to buy my primary residence then save up another down payment for my first investment property. But I see an outlet to get started sooner with having an investor.

He's willing to put up anywhere between 10-50k.

He would be silent partner, offering money and consulting on homes.

I'm not sure which steps to take to use the investment to make us both money in the long run.

Would you still target rental properties if you have an investor to help you get a start? Or would you fix and flip? Or BRRRR?

How would you get started Real Estate Investing if you had someone tell you they would give you 10-50k to get started depending on the route you took?

What type of structure would you set in place for you and the new investor as far as payback for them etc?