This has been a great thread! Truly appreciate the experience being shared @Curtis Bidwell!
I often hear mixed advice in regards to taking on partners.
In my case, since I'm a pretty new buy and hold investor, I've often been advised to continue to acquire properties on my own and exhaust all of my capital/financing resources first before taking on a partner. This is a slow and steady approach that I've been using so far to get my first 2 properties.
On the other hand, taking on a partner who could split the down payment & rehab funds would greatly accelerate my plan to grow my real estate portfolio. Yes, profits would be cut in half for each deal, but long term I think there'd be many more deals with greater potential.
Assuming the partner is a trusted hardworking fellow who shares the same goals, skills, and work ethic, I'm curious as to whether it's wise to exhaust my own resources and creative strategies (i.e. like a cash out refinance since I don't have more than 4 properties) first before entering into any partnerships. Any thoughts would be appreciated.
