Quote from @Kevin Sobilo:
Quote from @Shanequa J.:
Quote from @Kevin Sobilo:
@Shanequa J., someone might do that but I would recommend against it. Partnerships often don't go well. So, I think they should be considered carefully before doing. I would only partner with someone if there were "synergies" where they had knowledge and expertise where I did not and where we had alignment in our approach and goals. You don't get that from a random person you don't know well.
Why not take your wholesale fee and then use that to partner with someone you do know well.
I prefer not to do partnerships due to your started reasons. But it sounded like a no brainer if all I had to do was secure a property.
How is it a no brainer to partner with a random person rather than take your fee/money and partner with someone you can vet, know, trust, and whose goals and approach align with yours?
If you feel you would get a BIGGER return from the kind of deal you described, ask yourself why an investor would want to give you that extra money rather than keeping it for themselves. Good investors in control of their business don't give away cuts of the pie willy nilly.
If it sounds too good to be true, it probably is. The investor who is likely to want to do a deal you describe is probably one who isn't doing too well themselves but you won't know that until the deal doesn't turn out as you expect.
I'd do it bc the potential profit would be more on my end. Plus, I dont have anything to lose besides the money I would have made as a wholesale fee.
If I was an investor, I wouldn't partner with a wholesaler just for bringing me a house here and there because I'm taking all of the risk. I've been out of the investing world for almost 6 years and didn't know if things have changed. I guess that podcast host is either lying or desperate for deals.
