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Updated over 10 years ago,
Is partnering outside my bubble possible With 20k.
Unique situation. I just received a little windfall of about 20k. Normally I would reach out to one of the investors I have partnered with in the past and do a deal. The investors I use are part of a niche group of professionals that just want to hand out money and get returns but offer no sweat equity or assistance what so ever beyond a check book. I am not complaining but I would really like to partner with an other REI that is willing to put in a little time and effort on a property with me and form a true REI relationship that is willing to do flipping with a grand plan of flipping at least until a small apartment building with 10-20 doors is acquired that is throwing some good passive returns (good is subjective so share in your thoughts on what good is in NJ). If we go beyond that awesome. I know the NJ markets very well and have had great success in flipping and SFH / small mixed B&H stuff in the past but feel NJ offers great flip opportunities to move up the ladder. If I had to travel to a neighboring state to acquire Bigger units I might entertain the idea as long as I have a working partner. Is this possible? Please share your thoughts.