One of my partners says we had over 250!

Or partner with a trustworthy and experienced investor.

We are getting through all of the paper work right now but within the next week we should have our LLC formed and funded.Now that we can finally focus on finding properties and not the structure of the company it is starting to feel a bit like we are forgetting something.Our team includes:Acquisition:I am a realtor so I have access to the local mls; my partner and I can narrow it down to a few properties of choice.

What do you look for in a partner?

I currently own 3 rental properties with two partners.

As I connect with more and more investors, of course naturally the topic of partnering up comes to play.

This may be a way to get around the 10 property cap but the terms will not be very attractive and you will need to have a good deal of equity.Another option is owner financing such as purchasing properties on a land contract.Another option is finding partners or placing properties into corporations.You can also look into hard money lenders.

I have two commitments for the money to buy the property.Here is the deal - I will foot the bill of the construction/closing costs ($75k - $85k) and my partner will solely buy the property ($195k).

I've seen investors and other wholesalers here so I hope to network with others and maybe find some mentors and future partners on top of the wealth of knowledge that's on the site.So that's my background and goals, if anyone has any suggestions comments or and guidance they can offer me, all will be welcomed.

I have also partnered with Dave on several parks- though now that they are really operating as a fund, I no longer am partnering with them.