Starting a wholesaling business with a partner

[David White]

Any tips on starting a wholesaling business with a partner? 

[Jason Farmer]

Iv e had a partner since i started, my advice would be to find someone is completely 100% opposite from what your strength is. So you spend 100% of your time getting better at whatever your job is...Myself, i love to market, i love to put together list and spedn every moment finding new way to market. I get the list and make sure it get to the mail house...My partner isnt totally opposite he loves people, he can talk you into buying your shirt off your back. He handles 100% of acquisition..He talk to the client, he meets the client, he get contract signed and takes seller through the enitire closing process...I have never met a customer and never intend to...It works well..

We have an open end about everything, every call get recorded, he only allowed to call clients from an app everytime he speaks to them so everyone can hear whats going on...We have an emal system where we keep track of every lead, the status etc....It very important to be open, especially if both of you know wholesaling very well. It will mess with you naturally, you might think someone is going behind your back closing deals et...

And last you guys need split EVERYTHING 100% and make sure your partner understand finances and what it take sto keep business flowing, if hes bad with money and you are, you will end up fronting every time mailing need to done etc..And it will hurt your relationship...

Both you and your partner need to know, it cost to keep phone lines on, buying your mailing list cost, sending mail will cost, you might hire a couple VAs to do small things.. that will cost,  cleaning your list up making sure your addresses are correct will cost, going to see clients will cost you..Theres alot to having a partner so think of these things when you get into business with someone...Iron all of these out from jump..And of course things happen maybe a family emegengy and your partner cant afford to put as much everytime...Just make sure you work all of it out...