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For many investors, working with a partner can be a rewarding and mutually beneficial method for completing a real estate deal. Whether you’re looking to share knowledge or funds, a partnership can be a great way for you to compile resources. However, it’s important to protect yourself within a partnership, and ensure that you don’t get burned during the deal.
On this episode of Investing in Real Estate, Natali and I are sharing three tips you should think about when investing with a partner! You’ll learn about securing ownership, making an agreement, and how to ensure your title is correct. Join us for episode 397!
On this episode you’ll learn:
Why you should avoid a 50/50 partnership.
The percentage of ownership that you should aim for.
The importance of having a written plan in place.
Why you should work wit a lawyer.
What tenancy in common means.
Why you should invest in an LLC.
And much more!
EP295: How to Take Title on an Investment Property
York, Howell, and Guymon
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