{"id":999,"date":"2007-02-06T08:36:58","date_gmt":"2007-02-06T15:36:58","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=999"},"modified":"2007-02-06T08:42:14","modified_gmt":"2007-02-06T15:42:14","slug":"to-partner-or-not-to-partner-that-is-the-question","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/999\/to-partner-or-not-to-partner-that-is-the-question\/","title":{"rendered":"To Partner or Not to Partner, That is the Question"},"content":{"rendered":"

Partnerships can be disastrous, but they can also open the doors to investing for many individuals, who could not otherwise invest. Personally, I think many investors are too eager or not eager enough to partner with like minded individuals. On one hand, everyone has a friend who always has that “great idea” (you know the liquor store across from the church or the ice cream store in Antarctica). These people should clearly be avoided. But what about people who actually have good ideas or have found good investment properties? <\/p>\n

A good partnership begins with common goals. Each partner should have a clear expectation of the investment type, expected return, and reinvestment rate. If the goal is to get a better understanding of the real estate investment process, the partnership should focus on smaller, easier to manage properties. If maximizing return is the goal, everyone should be clear about their risk tolerance. Partnering on a land development deal might not be appropriate for someone with a lower risk preference. More importantly, everyone should understand the risk of every investment. This is easier said than done. Many real estate deals seem simple, but can get very complicated very fast. Keeping everyone well informed of the details is a must. <\/p>\n

After common goals have been established, a clear investment strategy should be laid out in writing. It is important this is in writing because it should be referred back to as each investment is considered by the group. It is very dangerous for the group to stray away from their investment philosophy. When things go well this is typically not an issue, but when things go poorly this can be an issue of contention (outside and inside the courtroom). Additionally, by putting the investment strategy in writing, the group is forced to flesh it out. This process will often eliminate extraneous ideas or bring out ideas that people may not have been comfortable with. Either way, it puts everyone on the same page.<\/p>\n

Next, bring in the legal and the accounting team. For smaller, less complicated partnerships this step is as simple as paying a Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Partnerships can be disastrous, but they can also open the doors to investing for many individuals, who could not otherwise invest. Personally, I think many investors are too eager or not eager enough to partner with like minded individuals. On one hand, everyone has a friend who always has that “great idea” (you know the […]<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,2,8,5],"tags":[],"class_list":{"0":"post-999","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-blogging","7":"category-general","8":"category-investment","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1550,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1550\/real-estate-relationships-do-what-you-say-you-will-do\/","url_meta":{"origin":999,"position":0},"title":"Real Estate Relationships: Do What you Say you Will Do","author":"Cooksquared","date":"June 18, 2007","format":false,"excerpt":"The long absence is finally over. After a grueling finals week and graduation, a two week vacation, a move to New York City, and a failed real estate deal, I am back with the pack. Based on the great content that I have seen coming from the site, I can\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9061,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9061\/real-estate-duets-looking-for-some-advice-from-seasoned-partnerships\/","url_meta":{"origin":999,"position":1},"title":"Real estate duets: Looking for some advice from seasoned partnerships","author":"Teri Lussier","date":"June 30, 2009","format":false,"excerpt":"I am able to generate business- both real and potential business, but I find myself in a situation where I want to team up with another Realtor. I'd like to partner with someone to share the work load, and keep transactions running smoothly. To that end, I'm asking the Bloodhound\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3689,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3689\/the-new-real-estate-model-part-3-patrick-dunne-purcell-a-real-estate-firm\/","url_meta":{"origin":999,"position":2},"title":"The New Real Estate Model – Part 3.2: Patrick, Dunne & Purcell, A Real Estate Firm","author":"Sean Purcell","date":"August 4, 2008","format":false,"excerpt":"A Real Estate Firm based on the legal model could have many looks, as do actual law firms.\u00a0 But for a starting point I am going to lay out an achievable structure that will accommodate the greatest majority of agents.\u00a0 The firm would consist of three distinct levels as well\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":965,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/965\/derek-burress-hits-a-grand-slam-with-the-carnival-of-real-estate-investing\/","url_meta":{"origin":999,"position":3},"title":"Derek Burress hits a grand slam with the Carnival of Real Estate Investing","author":"Greg Swann","date":"January 29, 2007","format":false,"excerpt":"Would you like to see a grand slam blog carnival presentation? Take yourself to Real Estate Perspectives for The Carnival of Real Estate Investing. Our own Michael Cook came in first place with The Right Time to Buy: An Investor Perspective, but I would rave about this carnival even if\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1035,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1035\/bloodhoundblog-week-in-review-podcasting-a-wider-net\/","url_meta":{"origin":999,"position":4},"title":"BloodhoundBlog week in review: Podcasting a wider net . . .","author":"Greg Swann","date":"February 11, 2007","format":false,"excerpt":"Years ago, long before I met Cathleen the Leggy Blonde and came to be so joyously entwined if not actually entombed in matrimonial and connubial bliss, I wrote an essay about personal ads at the dawn of the age of five-hundred-channel television. But now, in the blink of a decade,\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3952,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3952\/give-me-your-money-part-ii-emergent-investment-opportunities-in-the-recovering-real-estate-market\/","url_meta":{"origin":999,"position":5},"title":"Give me your money, Part II: Emergent investment opportunities in the recovering real estate market","author":"Greg Swann","date":"August 17, 2008","format":false,"excerpt":"Last Tuesday I met with a potential real estate investor. She's an investor because she's got the money, the credit and the will to dip her toe in the water. She's a potential investor because she has never yet been a landlord. That's okay. I've worked with many potential investors,\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=999"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/999\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}