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Updated almost 10 years ago,
Partnership with Fortune Builders Student
A guy a met three months ago at a FB weekend event has an interest in partnering with me. I do have an interest in partnering, but I would really prefer to have two separate entities and work together on rehab projects.
He wants help with marketing, technology, and some of the business aspects. I want a reliable contractor that knows how to manage people. In addition, I would like to know more about the Fortune Builders systems for business.
I am going to be focusing on wholesaling quite a bit in the beginning and I don't need a partner for any of that... The rehabs though I would prefer to have one.
Here are the pros to the partnership with him:
1) Trustworthy and respected partner
2) Experience in construction, managing a crew, and contractor contacts
3) Full access to Fortune Builder systems
4) Driven
5) Split risk and costs
Here are the pros to the partnership with me:
1) Technology savvy
2) Driven
3) Constantly learning and educating
4) Experience in sales
5) Networking
6) Online Marketing
Here are the cons to the partnership:
1) I lose the name of the company
2) Possible change to the vision
3) Split $25k in debt for Fortune Builders
Please add any other 'cons to the partnership' I should know and let me know your thoughts on making the decision!
Also, I'm sure there is a way to structure a partnership per rehab? I would prefer to do that instead. (Any links are appreciated!)
Thanks.