I am no real estate agent and very green as a whole to RE but the fact is the license is cheap and relatively easy to get. someones friend gets one and they get jealous and get one too because they think they are smarter than said friend. both friends are probably lazy and close the national average or less every year until their parents force them to pay rent at the age of 40. not trying to be a negative nancy but the fact remains they get hammered by calls of people who " think" they want to buy a house and never pull the trigger.. i get it its frustrating but if you treat everyone the same then how will you ever succeed. i rather work my *** off for nothing and go to sleep proud that i tried my very best then go at everything with the least amount of effort possible until i hook a whale and brag to everyone about how successful i am. 

If so, what would the terms have to be for the partnership? 

But the problem is we do not know the best way to set up this partnership.

I found a home where my monthly costs were less than the price of renting so I pulled the trigger.

Can anyone point me to best practice resource for a partnership agreement, private placement memorandum (PPM), and/or other critical documents that need to be in order for the purposes of something as buying a piece of investment property with a business partner, or as complicated as function as a sponsor syndicating a piece of investment real estate?

So, it’a a learning process and with the knowledge I acquired from Bigger Pockets and their recommended books I saw the potential in this listing, too bad I wasn’t able to pull the trigger.

Can anyone relate to this, or have any advice as to preparing when you’re about to pull the trigger on that first real estate move?

I am working on getting quotes from a CPA for preparing K1s for a small partnership deal with less than 10 investors. 3 GPs and 7 LPs.

Hello all,looking forward to networking, learning from others, building alliances and friendships and perhaps even partnerships.

Triggering due on sale?