Buying a Fourplex as a first Investment - To Partner or Not?

[Troy Robin]

Hello BP community,

I live in Canada. Terms and some strategies are a little different from what I am learning.

1. I am seeking help with my first deal.

2. I am looking for a mentor that can relate to me and my area in Ontario.

3. Any analysis advice is helpful.

4. Do I partner for my first deal if its a fourplex or not?

5. I am confident on the deal, I wonder if the experts will agree?

Reach out! I will certainly get back!

[Shain Ismailovski]

Hi Troy,

It really depends on your need. Do you feel confident enough you can handle the deal on your own? Do you have the money needed to close the deal? Those two factors will determine whether you need a partner or not. Some people like working with others and some prefer working solo. A mentor and a partner can be the same thing, but not all mentors are partners and vice versa. Check out local meet ups in your area and if there aren't any create your own and post it up on BP or other sites. That is a good way to start networking and finding potential partners as well as learning from your peers directly .