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Updated over 3 years ago on . Most recent reply

User Stats

106
Posts
84
Votes
Zachary McDonough
Pro Member
  • Rental Property Investor
  • Accokeek, MD
84
Votes |
106
Posts

Creating Partnerships at 22

Zachary McDonough
Pro Member
  • Rental Property Investor
  • Accokeek, MD
Posted

What's up, BP Family?! 

As newly graduated college student, I started my first "big boy" job today. 

***DISCLAIMER: I am extremely blessed and thankful for my current progression.

However, (like many of you) I am chasing FI aka financial independence. I love real estate and have purchased 2 houses within the last 18 months. I am putting another bid on some properties and am looking to purchase two more SFHs by the end of the year. 

Here's where i need YOUR help. After this third unit, I would really like to create a partnership for the fourth for two main reasons: the experience and (obviously) the lowered capital burden. 

(I feel) I am at the pivotal point for lots of newbies that have done a couple deals but are now low on capital (outside of my reserves) and would like to continue the hunt.

So does anyone have advice on creating partnerships? 

Here's my advantageous qualities: I am an agent, have experience in my target market (with 2, hopefully 3 homes soon)

Drawbacks: need an equity partner to bring all the money to the table

How have you gone about this? What are the best ways to instill confidence in the investments? instill confidence in me, as an individual? 

PS: I know people who say "I will invest with you". I just want to do it RIGHT. I care about creating lasting partners and want the competitive EDGE to bypass a lot of the newbie mistakes (if possible)


With much love,

Zack (aka Zooming Zack)  ❤️

  • Zachary McDonough
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