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Updated over 1 year ago,
Should I partner with someone or Wait?
Hello BP I am looking for someone to potentially partner with on a Real Estate Investment Property.
The reasoning for this is because currently I want to do a deal however, I am running into a lot of hurdles trying to make it happen. I am a Accountant from The Ohio State University taking a few classes finishing up my senior year, while doing so I will be working at Ernst & Young (EY) as a Auditor, I have been working as a Auditor for around the past year while in school however for a different company.
When it comes to conventional loans for LTR , I have the downpayment and credit score etc, however lenders are reluctant to lend to me because I don't have enough Job history.
When it comes to Fix-and-Flips, realtors and contractors don't really take me serious as a potential client because it would be my first deal and I get the impression that they don't believe that I will actually buy and initiate the process of rehabbing the property.
Ive talked to Hard Money Lenders, as well as conventional lenders and they recommend me to partner with someone more experience who has more connections than I do especially for my first deal.
My question is what should I do should I wait or should I try to find a Partner on these deals, and if I should find a partner where would be the best place to look or would anyone on BP like to partner?