30: How to Structure a Partnership, Part 1 with Felipe & Ashley

"I know partnerships can help me build wealth, but how do they actually work in practice?" This is one of the most common questions we get... and today Felipe and Ashley outline 6 rules for partnering on your real estate investments.

From identifying the missing piece that's holding you back, to defining clear lanes and avoiding common pitfalls... this show is a must-listen for any new investor who realizes she can't do it all herself.

Be sure to come back next week for Part 2 – where you'll hear the details of real-world partnership case studies, as told by a handful of investors who have made it work!

In This Episode We Cover:

• Identifying the "missing piece" to get a deal done
• Knowing your numbers and being prepared
• Making your official presentation (finances, experience, deal analysis)
• Offering an opportunity rather than begging for help
• Various financial structures you can use
• How Felipe found a partner to do the books
• Why Ashley partnered with a construction expert on a full gut remodel
• And SO much more!

Links from the Show

• Real Estate Rookie Facebook Group
• BiggerPockets Podcast 352: No Driver’s License, No Money, No Excuses: How Diego Corzo Blazed a Trail to 18 Doors
• BiggerPockets Podcast
• Investor Girl Britt's Instagram
• BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason
• Rookie Podcast 25: What Appraisers Look For and What it Means for You with Investor/Appraiser Josiah Smelser

Check the full show notes here: https://www.biggerpockets.com/rookie30

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