Partnerships and Eventual Buy Outs

[Bret Halsey]

I've heard somewhere about a strategy to find a deal, bring a partner in and become an equity shareholder with no money (sort of relinquishing the wholesale fee for it), then buying out your partner later down the line. Is this strategy really viable? And if so, what would be a specific number example or if anyone has ever done it how did it go for them? I'm assuming the typical exit strategy would be to refinance and take those funds to buy out your partner but not sure. Any input appreciated, thanks!