310: How to Grow Your Rental Portfolio EVEN Faster w/Real Estate Partnerships

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 5 August 2023

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Do you really need a real estate partnership for your deals? What are the benefits, and do they outweigh the risks? Well, it depends. The truth is that, while great partnerships will deliver value to both sides, bad partnerships will turn belly-up in no time. Welcome a very special edition of the Real Estate Rookie podcast, where our hosts, Tony and Ashley, talk about their latest book, Real Estate Partnerships. There are several reasons why a rookie investor might benefit from having a partner. Maybe they lack the capital for a particular deal, or maybe there are knowledge gaps where the expertise of a more seasoned investor might prove helpful. If you’ve wondered whether forming a partnership is the right move for you, you’re in luck—this episode is all about partnerships! Tune in to learn where to look for a partner, how to structure a partnership, and the differences between equity partnerships and debt partnerships. Our hosts also share the single greatest sign of whether a partnership will succeed. Remember to grab your copy of Real Estate Partnerships and use code “PARTNER310” at checkout for an exclusive discount! In This Episode We Cover Four signs that you NEED a partnership to succeed in real estate The best places to look for a real estate partner Choosing a partner with a compatible personality and complementary skill set How to properly structure your real estate partnership (and splitting the deal!) Important points you MUST include in your partnership agreement The main differences between equity partnerships and debt partnerships And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Hear David and Rob on the “BiggerPockets Real Estate” Podcast How to Use the DISC Profile to Communicate Effectively in Business David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Book Mentioned in the Show: Grab Your Copy of “Real Estate Partnerships” and Use Code “PARTNER310” at Checkout Check the full show notes here: https://www.biggerpockets.com/blog/rookie-310 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie Episode 310.
0:05.0	If one partner wants to grow and scale and get to a billion-dollar portfolio,
0:11.7	the other one just wants enough money to retire and then go live on a boat in the Bahamas.
0:18.2	Those might not be the same paths for everyone.
0:21.0	Those are definitely going to cause a why in your partnership.
0:24.4	So it's important to have those conversations to understand where we're going to go,
0:28.6	where we're going to continue to go.
0:42.2	My name is Ashley Care and today I am hosting the Real Estate Rookie podcast
0:46.5	and the Figure Pockets Real Estate podcast.
0:48.8	And we're here live in Los Angeles.
0:50.8	Woo-hoo!
0:51.4	Spotify reporting podcast studios.
0:53.3	And we're here with David Green and Robert Abbasolo.
0:57.4	Yeah.
0:57.8	All in person for podcasts, I was doing the same, man.
1:00.6	We're excited to be here.
1:01.6	Podcast Dream team.
1:02.6	We did it.
1:03.6	We did it in the land where dreams are made.
1:05.6	Yeah.
1:06.6	I feel walking into Spotify today.
1:07.6	Very legit.
	...

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