Should I stop saying no?

[James McGovern]

I have been approached by many people locally wanting to get into house flipping where they proposed a partnership. To date, I have said no but am wondering whether I should reconsider.

Does a partnership where they bring all of the cash, and I contribute my experience make sense where we share in the profits? Would that be a better journey for an investor compared to spending money on guru's who never personalize learning to the individuals needs?

[Mike Dymski]

If your flipping business has plenty of capital relative to deal flow, there is no need to bring on partners.  If you have more deal flow than capital, it makes perfect sense to partner...you can scale profits with little risk.