Partnerships for Real Estate Investing
By: Wendy Patton
© 2010. All rights reserved.
Partnerships? Who me? Yes, you. They can be very profitable!
Partnerships can be a very lucrative decision for real estate investors. A partnership's definition is a "legal relation existing between two or more persons contractually associated as joint principals in a business" in real estate, partnerships can be used for many applications. If you have time, knowledge or money, then you are a perfect candidate to partner with someone with different qualifications. Say you have money, but don't have the time or knowledge—there are many investors who have time and knowledge, but don't have or they are out of MONEY! If you have them all, money, time and knowledge, then you don't need to partner, but most of us don't have them all, or don't have them all, all of the time, and therefore, other solutions can give us more flexibility for buying properties. Partnerships are one solution to this situation.
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