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Updated almost 8 years ago on . Most recent reply
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Newbie from Minneapolis, Minnesota
Hey BP community,
I'm John and I've recently moved to south Minneapolis and am looking to get started with REI. I've been listening to the BP podcast for a while now and can't wait to get started investing. My goals are long term buy and hold cash flow properties, preferably small multifamily or a live in flip starting out.
I'm thinking about looking for a partner to invest with starting out, someone who has experience with the BRRR method. Is this a good way to start?
Any suggestions on finding a partner to invest with?
Most Popular Reply
I suggest you buy a house that needs some work and you can add value to over time as you live there. Then get a roommate to cover payments while you save money and/ or pay down debts. As Dave Ramsey often says - the only boat that doesn't float is a partnership. I don't do partners.
Good luck