Share your Partnership Deal stories

[Account Closed]

Hello,

I really like the strategy of partnerships, would anyone like to share some details of their first partnership?

If I took the path, I would be funding in exchange for my partners deeper knowledge and experience. I would likely focus on buy and hold.

[Joseph Cacciapaglia]

My first partnership was a 10 unit apartment property. I found the owner through a direct mail campaign, and negotiated an amazing deal. I found a partner that had both the money and the expertise to manage the property. I put no money into it, and kept a small percentage of the ownership. I never had to think about that property again, except when I cashed my checks (that was back when checks were a thing). In retrospect I probably should have kept more of the deal, but I was happy to start the relationship with the investor.