Hello BP Community!
I just joined a couple days ago and I am looking forward to getting involved with the community. I've been lurking for 5(!) years, bathing in info about investing but not taking action. I recently talked with a friend who is also interested in investing, and I decided I'm ready to commit to taking action.
❓Question for the community: What have you learned during your investment partnerships? Specifically:
- what works for partnerships?
- what does NOT work for partnerships?
- how have you structured your partnerships?
My friend and I are interested in investing together. Ideally starting with something small where we could recycle our investment, using either a flip or BRRRR.
That said, neither of us wants to be naive and walk into a partnership without clear roles and expectations. We've been reading up on this, but would love to hear real-life examples of what you have done and learned!
For context about my situation: My friend is much more hands-on and rehab-focused, I am very analytical (day job is managing software projects at NASA) and more financing/deal analysis focused. We haven't yet discussed how we would handle property management if we hold a rental. We both would bring capital, although I would likely be bringing more. We are still very early on in discussing this.
Anyways, thanks for reading this far! Very excited to join this community and hear what others have done, and someday share my experience.
P.S. If you need help/advice with setting up a website, I'll trade you for investment help/advice 😁
