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Updated about 5 years ago on . Most recent reply
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Overcoming Challenges with Creating Partnerships
So I recently bought my first triplex and it’s cash flowing just as I expected. I am hooked, and I cannot wait to get my third, fourth, and fifth deals.
But as anyone who just put their entire savings into a down payment can testify, I have to wait to save more money.
Instead of waiting, I want to create partnerships with people who have money, who want to invest but don’t have the time.
Has anyone done this successfully? I am having a lot of challenges where people are telling me “it’s not really worth it” if I get 50 % of deal, if they put in 100% of the money. I heard Brandon turner say he did this to scale, but I don’t have any concrete actionable tips on what to do. So anyone out there can help?
Most Popular Reply
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It seems like a fair deal if they put in 100% of the money and you put in 100% of the work.