And then I’ve seen other ownership groups that have what I feel is the right mentality, which is a very partnership-oriented mentality towards retail tenants to get through these difficult times.

Also, the fact that you are an electrician, maybe hooking up with other investors to work on their properties may help you get into their world a bit more to create partnerships.

Is anyone aware of a concept where an investor/contractor will partner up with a homeowner to flip/expand the homeowner's existing house for free in exchange for a portion (ex. half) of the profit when it's sold? I li...

For example, does it make sense to create a partnership or LLC, or is it sufficient to own the property as tenants-in-common and execute a joint venture agreement that governs our operations?

My son and I entered into a partnership on a rental 5 yrs ago.

It helped me build relationships, partnerships, and funding sources that wouldn't have been possible as just another investor.

And don't try to be everything on the sales side, open it up for partnerships on that side, it's well worth it. 

I received the following message recently and thought I would share it since my response may assist others:Hi Andrew, I just noticed your reply to the investor talking about having a LLC partnership and was wondering if I could ask you for some advice.If I buy a property with 50k cash and my partner pays 100k cash =total purchase, can we then do a cash out refinance in 6 months or less for 70% LTV with ARV 185k.

Has a crew who can do the flip but not using for this flip.Partner -2 - Has a Crew and paid 50% (5K) on the property and is named on the deed with Partner1. ( been in partnership with 1 for sometime)partner -3 -Myself - Has no experience with Flipping and is asked to invest about 45K in rehab costs.

It has an apartment that is rented out in the back and an attic that is plumbed for an apartment addition, so there is an income producing aspect to it even if I purchased it as a primary residence.My question is can I purchase the property with a partnership LLC (which already exists and owns property) and then rent the main house from the LLC for myself to live in?