I go to purchase property and was told I could form a partnership so David told me to have partner write check for his portion and then UDirect would cut the rest.  

You can always manage the asset and charge the partnership a fee.I think buy and hold is the way to generate cash flow and create wealth.  

An alternative; the seller pulls as much cash out of the property from a refinance as he can and the investor takes title subject to the new existing financing.The seller has the cash and the investors has the property.Another alternative ---- ask the seller to give you X$ for repairs at time of settlement.Another alternative ---  agree to give the seller a Hybrid bonus once the property is sold....10- 20 - 30%.The hybrid usually works when a seller is accepting less than what he wants and the informal  partnerships works great.Charles

Are looking for partnerships?

Hello,I was offered an opportunity to invest with an apartment developer.So I would pay $100,000 for 4% interest in a 12 unit apartment build in a Limited Partnership.I have just had a rental unit, so I am not sure ab...

@Felix T.I may be interested in the deal as a partnership, send me a message and we can talk.

Inspite of the business challenges, it's a good story to tell and one that has a positive financial outcome.Yes, there are lessons to be learned with partnerships, flips, timelines and marketing amongst others. 

Keep in mind adding a 2nd person to your LLC is going to change your entity with the IRS over to a partnership and a form 1065 will be required annually in addition to your personal tax returns. 

If your sellers are not time motivated, offer them an Equity Partnership in the deal.

I'm currently looking for a Fix & Flip / Rental Property Investors in Calgary to establish partnership in a deal that i have created.