![]() ![]() A partner that is in a similar financial situation AND has the same skills as you is really not bringing anything you need to the transaction. You need to do an honest, critical self-evaluation to determine where your strengths and weaknesses are, and what strengths you need in a partner.įor some, this means a partner will bring money needed for a transaction, for others, the partner brings a new set of skills. ![]() The only reason to partner with someone is if they bring something to the transaction that you do not have. Read on to learn if partnering is the right move for your real estate investment strategy. It is up to you to decide whether to go it alone or enter into a partnership agreement with someone. Working with a partner can be the best decision you can make, or it can result in your worst nightmare if you do not choose wisely. If you proceed you should consider who your partner should be and how you should structure your real estate investment partnership agreement. Partnerships have advantages and disadvantages that must be considered when you’re determining if you actually need a real estate partner. ![]() A Real Estate Investment Partnership is a legally binding agreement to operate a business together in the real estate investment industry.
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