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Updated about 2 years ago, 11/26/2022
Tips for structuring partnership
Hello Bigger Pockets community,
I have been an avid Bigger Pockets student for the past two years and have since bought my first house and strategizing for house #2. There are some seller finance deals in my area but I would need to go in with a partner for the down payment. My questions have to do with.. as a new investor I'm missing a few pieces to my understanding on how to structure a partnership. Why would someone be interested in partnering with me when it comes to the down payment? How am I offering value/profit to them? What other steps, legally, or otherwise do I need to offer or put in place to make them want to partner with me?
Thanks in advance.
Abby