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Updated about 8 years ago on . Most recent reply

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120
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24
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Alexcia White
  • Rosedale, NY
24
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120
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New member from New York

Alexcia White
  • Rosedale, NY
Posted

Hi I am looking to start up real estate investment with a partner, can you please tell us 

What should be the first step? We are looking for hard money lenders

Most Popular Reply

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51
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29
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Adam M.
  • Denver, CO
29
Votes |
51
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Adam M.
  • Denver, CO
Replied

If you know your exit strategy, Id recommend partnering with someone who's already doing what you want to do for your first deal. You eliminate much risk doing this.

Say you want to do a fix and flip, find someone willing to split the profits 60/40 for you, that way you learn everything to do from start to finish without risking all your money and you are learning at the same time. Be generous and give your partner more out of the deal. They'll definitely give you your money back 10x from the education alone.

Make sure they truly are an expert in their field.

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