486: The Key to Scaling that Most Real Estate Investors Miss Out On (+New Podcast!) w/ Liz Faircloth & Andresa Guidelli

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 15 July 2021

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s understandable why so many real estate investors don’t want to partner up. I mean, who wants to split half of a rent check with someone else? This can seem especially true when you’re just starting and every cent of profit counts. But, what if the path to financial freedom was through partnerships? What if you could grow your wealth, spend less time working, and scale far faster simply by leveraging your relationships. With us are the hosts of the new InvestHER podcast, Liz Faircloth and Andresa Guidelli, two real estate veterans who partnered up to teach women about financial freedom, cash flow, and everything related to real estate. Liz and Andresa are both partners in real estate and partners in leading the InvestHER community, so they know a thing or two about what makes partnerships work and what doesn’t. We talk about questions to ask potential partners, how to test out a partnership by doing a project together, formalizing a partnership with binding contracts, how to stop resentment in partnerships, and how to end partnerships that go bad. If you’re looking to scale your real estate portfolio to new heights, you’ll definitely be using partnerships to do so. Tune in to make sure you and your partner stay protected! In This Episode We Cover: Why it’s so hard to scale in real estate without partnerships The top questions to ask a potential partner Testing out your partnership by doing a small deal together Making deposits into the “emotional bank account” of a partnership Finalizing your partnership agreement with an attorney Keeping information flowing on both sides Preventing (and ending) bad partnerships The new InvestHER podcast! And SO much more! Links from the Show BiggerPockets Forums OpenDoor Capital Real Estate Rookie Podcast BiggerPockets Business Podcast BiggerPockets Money Podcast BiggerPockets Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth BiggerPockets Podcast 203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth BiggerPockets Podcast 314: How to Find Rockstar Contractors and Manage Like a Boss with Andresa Guidelli Matt Faircloth's BiggerPockets Profile Ryan Murdock's BiggerPockets Profile Mindy Jensen's BiggerPockets Profile BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan Check the full show notes here: https://www.biggerpockets.com/show486 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the bigger pockets podcast show 486 but it comes down to okay
0:05.8	Something went off and usually is the expectations
0:09.8	We got into a partnership with completely different expectations and that's what I've seen the most of
0:16.6	Breakdown when the expectations are not matched or we assume that that's what the person meant and vice versa
0:25.0	You're listening to bigger pockets radio
0:27.0	Simplifying real estate for investors large and small if you're here looking to learn about real estate investing without all the height
0:35.2	You're in the right place
0:37.2	Stay tuned and be sure to join the millions of others who have benefited from bigger pockets dot com
0:43.0	Your home for real estate investing online
0:46.3	What's going on to my friends Brennan Turner host of the bigger pockets podcast here with my co-host mr. David
0:51.4	Continually improving green. What's up, man?
0:53.4	Nice nickname your nickname game is actually improved quite a bit and I'm wondering if that's because our partnership has affected you
1:00.3	Positively we do have a positively perfect partnership. Don't we here on the podcast and
1:07.2	That's what today's show is all about is having a positively perfect podcast. No, no, this about our partnerships
1:12.3	I don't know anymore keywords, but that's that's the goal today's show is by the time you don't listen to this
1:17.3	You're gonna know how to find that
1:20.4	Connect with work with
1:22.4	Like put together
1:24.9	Partnerships that are gonna help take your business to the next level because here's the truth so much of what David and I have done has been through partnerships
1:31.1	in fact like the way that I've grown the most over the past two years like opened our capital speaking like was just bringing in partners because here's a truth
1:39.0	Like you can only be world-class at like a few things like I'm sorry no matter how awesome you are like
1:44.6	You're just probably not world-class at eleven things. I'm not world-class at hardly anything and so
	...

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