#240: A Lens Through Which To Think About Potential Partnerships - Can I Easily Outsource This Partner's Contribution?

Are you making the right partnership decisions in real estate? Find out the one question you need to ask yourself before diving into a partnership in this episode!

For this edition of Multifamily Wealth Podcast, we deep dive into the importance of evaluating potential partnerships in real estate by asking a crucial question: Can I hire somebody to do the work this individual is going to do? We explore the common pitfalls of partnering without considering the replaceability factor, discuss examples of easily outsourced roles, and highlight the key pillars of successful real estate partnerships. Here, you’ll learn how to avoid partnership dissension and make strategic decisions in your real estate ventures.

Key points covered in this episode:

 - The importance of considering whether the skills of a potential partner are easily replaceable by hiring someone in the open marketplace
 - Examples of partnerships in real estate investing and how to determine if a partner's role justifies giving up equity
 - Identifying roles in the investing process that are not easily outsourced, such as finding great deals, raising capital, and overseeing operations at a strategic level

Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.

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