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Updated over 7 years ago on . Most recent reply

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7
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Jesse Young
  • Buckley, WA
2
Votes |
7
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Newby in Tacoma Washington area.

Jesse Young
  • Buckley, WA
Posted
Hey all, New to BP. I have been listening to the Pod casts, which have been very interesting and informative. I am getting my General Contractors license since I have been in the industry for 14 years. I still have no cash but do have the construction knowledge that I want to use for flipping homes. I am a very straight forward person who wants to build great relationships to build my future. Would anyone know if a partnership would work in my circumstances of experience but no cash. Thanks ahead of time. Best Regards Jesse

Most Popular Reply

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1,543
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Kevin Romines
  • Lender
  • Winlock, WA
1,099
Votes |
1,543
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Kevin Romines
  • Lender
  • Winlock, WA
Replied

Welcome to BP and cheers to your investing career ahead. I'm not real up to speed on the partnership set up, but have done a few in the past. Basically if you and the partner can agree on the set up and what the responsibilities and rewards are for each, put it in writing. Consider taking it to an attorney to write up and then set about the project at hand and you should be fine from there? keep in mind, its a marriage, and if it goes bad, its a divorce, so plan ahead. Not to mention the kids (your houses and liabilities). 

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