Buy and hold strategies with a 50/50 partner

[Omaree G.]

Hello everyone! I'm looking for some advice from anyone who's had successful joint ventures on buy and hold investments with a partner who doesn't mind being a "silent partner" or hard money lender. I currently own a couple rentals already. So I have my feet wet. The other person wants to get in real estate, but doesn't want to take on a lot of the risk that I am willing to take on. Although, they are prepared to invest financially in order for some ROI. What are some of the better approaches we can take in the market for us both to capitalize on an investment and work out the legalities?

[William Goodlett]

@Omaree G.I wouldn't do it. You already know that they are not willing to take the risk. It has happen to me and a couple other people I know. You are trying to grow. Don't seek help from someone that is not willing to take risk and who doesn't really have the money. Just remember when you started, there was money always going out but nothing coming in because the home was being fixed and then you had to wait some months before you made all of your money back. If he is on edge now it will get worse. Partner up never down. Some people have money but that doesn't mean that they have spare money to really invest. In life there are talkers and there are do'ers. There is always another way.