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Updated about 8 years ago on . Most recent reply

User Stats

214
Posts
29
Votes
Carlos Rodrigues
  • Investor
  • Kearny, NJ
29
Votes |
214
Posts

Potential to Partner with Parents (How do protect them?)

Carlos Rodrigues
  • Investor
  • Kearny, NJ
Posted

Good evening BP, for those who don't follow me my name is Carlos Rodrigues and I'm agent seeking a REI Partner. I was discussing with my parents about partnering up on a deal. They have the cash and I can find deals along with fixing and managing them. I was wondering if they were to purchase a property with them using there cash how can I protect them? Meaning I want them to feel secure that I'm not going to take the money and run, or take the property and run. Is there anything I could do or a document we could right up and sign?

Or what would you recommend when partnering with a family member?

Thank you kindly and sorry for such a silly question.

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