When working in real estate there a few types of deals to consider for making partnerships that can be advantageous to your goals. You can have an active partner where both parties are working towards a similar goal filling in each other’s weak spots. You can get a loan partnership where the other party puts up the money for you to do the work. Another solid partnership is an equity deal where they are looking for long term returns in your business.
- In an active partnership, both parties bring hustle to the relationship.
- One partner can supply the money through loans or receiving a share of equity.
- A successful partnership requires clear terms and a plan for every outcome.
“Business partnerships are everywhere you look, especially when you look at the most successful investors and businesses.”