Creative Real Estate Financing Solutions — Partnerships
A pretty common-sense way to get more capital, without having to rely on your typical A-grade lenders, is through partnerships.
Here’s the thing.
Partnering up is not just for capital. You can use a partner to find talent that compensates for the skills that you lack.
The easiest example I can think of this is a long-distance investing partner who is a local in an area you want to invest in. That partner will make up for the reach and specific knowledge that you don’t have, and in a way that you wouldn’t ever be able to. Therefore, the partner is offering more value than just money.
Meet Jared:
Jared follows the rules. Jared didn’t listen to the naysayers who preach starting an online business and being your one boss. F that noise. Jared took the 9–5 route instead. And Jared loves it. He saves his money, makes a 6-figure salary, and lives comfortably. He never really took the time to educate himself outside of his 4-year bachelor's degree in accounting and he sure all hell doesn’t know about the ins and outs of real estate investing.
Why does Jared make a perfect partner? Unlike us risk-takers, Jared played it safe. And because of that, the banks love Jared! He’s got the income, he’s got the credit and he’s got that sweet…
