Partnership

Hey guys i am new to the game and just wanted to know if anyone had luck working with partners in their rehabs splitting it 50/50 one comes up with financeing and the other finds the property and does repairs. Im asking because my limit is maxed and im haveing a hard time purchaseing this one property. I have a close freind interested in funding my projects if we split the profits. so what is the best way to ****Must Reach Senior Investor status before posting URL's***s 50/50 to much i have not found a property that is that profitable yet.what should i do?

Comments(4)

  • 64Ford18th September, 2003

    I had a friend that worked a partnership like that, and all went well. Just make sure you have a good contractual agreement in place before you start.

    Good Luck!

  • DaveREI18th September, 2003

    I work with someone on a per deal basis... he gets the rehab profit and I get the property profits.... we have a good working relationship and plenty of trust...

    They are not easy to find...

    keep everything in writing and stick to your contracts....

  • ronjung18th September, 2003

    I am involved in one right now. So far, so good!

    If things continue to go well with this we will be doing a lot more.

    Ron

  • DaveREI18th September, 2003

    In my case we have actually ended up bird dogging one another

    we get our cake and eat it too....

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