logo
episode-header-image
Sep 2020
54m 22s

30: How to Structure a Partnership, Part...

BIGGERPOCKETS
About this episode

"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

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

Learn more about your ad choices. Visit megaphone.fm/adchoices

Up next
Yesterday
This Lucrative “Rental” Strategy Brings in $800,000 Per Year
Buying a regular rental property can provide steady, predictable income, but if you're looking for something more lucrative, we’ve got the perfect strategy for you. Today’s guest used it to build a real estate business that brings in $800,000 in annual revenue. The best part? It ... Show More
52m 42s
Jul 7
$900/Month Cash Flow from His FIRST Rental ($0 Down!)
Could rental properties be your ticket to financial freedom? When today’s guest realized his “secure” corporate job wasn’t quite as secure as he thought, he plunged head-first into real estate investing and hasn’t looked back. In just three years, he’s built a real estate portfol ... Show More
42m 32s
Jul 4
Listen to This BEFORE Buying a Rental with Tenants (Rookie Reply)
Welcome to another Rookie Reply, where Tony J Robinson and Ashley Kehr answer questions from the BiggerPockets Forums and Real Estate Rookie Facebook group. This time, we’re covering questions like: Who should provide and maintain appliances in your rental What steps should you t ... Show More
34m 39s
Recommended Episodes
Aug 2023
801: The Secret to Building a Rental Portfolio With Limited Time, Money, or Experience
No time or money to invest? You need a real estate partnership. What keeps almost every real estate rookie from investing is the fear that they’ll fail or that they don’t have enough to get started. But what if you could join forces with an experienced investor and learn the real ... Show More
1h 4m
Jul 2023
431: Women in Real Estate: Closing the “Investing Gap” and Getting Started
The gender investing gap is real, but it’s not due to women lacking capital. More often than not, women are saving their money rather than investing in real estate and allowing it to grow. As successful women in real estate, today’s guests are here to break down the reasons for t ... Show More
44m 31s
Mar 2023
REI169: The Rise of a Real Estate Entrepreneur w/ Donovan Adesoro
Patrick Donley talks with Donovan Adesoro who is a real estate developer and also Investor Relations Director for Fund That Flip. They discuss how his start in house hacking fueled the desire to do larger deals which led to him developing 16 duplexes in the Houston area with an a ... Show More
1h 12m
Nov 2023
850: Multifamily Experts: Look Out For These 7 “Red Flags” BEFORE You Invest
“Want to invest in multifamily real estate, do zero work, and make a million dollars, all in a few months? Well, we have the opportunity for you! We’re about to make you a gazillionaire for the low, low price of your entire life savings. Don’t worry about doing any due diligence; ... Show More
54m 27s
Jun 2023
779: How Delivering Pizzas Helped Me Build a 27-Unit Rental Portfolio w/Pamela Bardhi
The key to financial freedom? Work as a pizza delivery driver! Not only will you learn how to handle high-pressure situations, but you might also find your next property on a regular pizza run! At least that’s what Pamela Bardhi did to build her twenty-seven-unit rental property ... Show More
54m 2s
Jul 2021
#YAPLive: Take Control Of Your Financial Future with Andrew Sather, David Ahern and Rachel Podnos O'Leary
Join Hala for a Live episode of Young and Profiting Podcast featuring Andrew Sather and David Ahern, hosts of Investing For Beginners Podcast and Rachel Podnos O’Leary, Financial Planner and Author of 21st Century Wealth. They will share actionable advice on making all of the bes ... Show More
1h 28m
Feb 2018
267: From Professional Soccer Player to Rental Property Investor with Nat Borchers
How does a world-class soccer star set himself up for a lifetime of financial freedom? Rental properties! That’s the story on today’s episode of The BiggerPockets Podcast, where we sit down with Nat “The Beard” Borchersto learn how he built a sizable portfolio of rental propertie ... Show More
1h 21m
May 2022
David Interviewed on "Unlimited Partners"
David is the first guest on a new podcast, Unlimited Partners! This is a wide-ranging interview where upon listening, even Ben learned some new things about David :)Unlimited Partners is hosted by long-time friend of the Acquired community, Thomas McGannon. UP is his journey to l ... Show More
1h 12m
May 2024
MI Rewind: Building Your Life Resume w/ Jesse Itzler
sit down with one of the owners of the NBA’s Atlanta Hawks, Jesse Itzler. Jesse is a successful serial entrepreneur, having founded Marquis Jet, which he sold to Warren Buffett’s Berkshire Hathaway, and being a partner of ZICO coconut water, which was sold to Coca Cola. He is als ... Show More
22m 42s
Mar 2024
Rich Girl Roundup: Is the "30% on Housing" Rule Still Useful?
We've got some range for you today: Dissecting the recommendation to spend 30% on your housing (and if it's outdated), stories of folks receiving inheritances and homes from their parents, and a social experiment on gender and appearance. Welcome back to #RichGirlRoundup, Money w ... Show More
30m 24s